NKE - NIKE, Inc.
86.70 +0.02 (0.02%)
After hours: 6:34PM EDT
| Previous Close | 87.70 |
| Open | 88.00 |
| Bid | 86.60 x 1200 |
| Ask | 86.76 x 900 |
| Day's Range | 86.67 - 88.49 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 5,371,525 |
| Avg. Volume | 5,923,243 |
| Market Cap | 135.232B |
| Beta (3Y Monthly) | 1.11 |
| PE Ratio (TTM) | 34.81 |
| EPS (TTM) | 2.49 |
| Earnings Date | Sep 24, 2019 |
| Forward Dividend & Yield | 0.88 (1.00%) |
| Ex-Dividend Date | 2019-08-30 |
| 1y Target Est | 93.76 |
- Zacks
Nike (NKE) Q1 2020 Earnings Preview: North America, China and More
Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...
- American City Business Journals
Nike announces 'Move to Zero' sustainability program
The program builds on previously announced efforts, including Nike's commitment to only use renewable energy at Nike facilities by 2025.
- Bloomberg
Corporate America Has Found a Way to Turn a Profit Off Being Green
(Bloomberg) -- It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe. That has kept more than 3.5 million pounds of waste from reaching landfills since 2012. But the good news doesn’t stop with the environmental impact. The company is spending less on transportation, materials and waste disposal.The shoemaker’s “more environmentally conscious product has been a source of cost savings,” said James Duffy, an analyst at Stifel.Those flimsy plastic water bottles sold by Nestle SA? The ultra-thin design has a smaller impact on the environment while pushing down costs associated with packaging and shipping. Amazon.com Inc. and Walmart Inc. have poured tens of millions of dollars into a fund that builds out recycling infrastructure, reducing landfill tipping fees and recovering material that could be sold as new products.Tech giants have spent billions of dollars on solar and wind power, cutting greenhouse-gas emissions and energy expenditures at the same time. Alphabet Inc.’s Google, Amazon and Facebook Inc. are now some of the largest buyers of green power in America.Turns out it’s not just easy being green—it’s also profitable.“We’ve moved past this concept that business versus the environment is a tradeoff,” said Tom Murray, who advises companies on reducing emissions at Environmental Defense Fund, including Walmart, McDonald’s Corp. and Procter & Gamble Co. “The business benefits were always there, but more and more companies are going after them.”The business case for going green has never been stronger as companies find ways to make more from less. Here’s a look at the ways corporate sustainability is making environmentalism pay.Lightweight Flights Cost LessUnited Airlines Holdings Inc. has been making its planes lighter, driving down fuel use and costs. Airlines account for almost 2% global carbon emissions. Not even the in-flight magazine has been spared in the search for unnecessary heft: changing to a lighter paper stock saved almost $300,000 per year on fuel. United redesigned airplane bathrooms, switched out beverage carts and ended duty-free sales. The company was also working on reducing its cabin waste to zero. What it pays: United has saved more than $2 billion on fuel so far.Hanging Hotel Towels Saves More Than Water It turns out that simply asking guests to hang up towels to dry and forego daily sheet changes can save hotel operators 25% off annual energy costs. “To some surprise within the hotel industry, this option was quickly embraced by hotel guests as a small way to engage in energy conservation,” according to a report by the Urban Land Institute. Clarion Partners LLC does that at all of its hotels and went a step further by reducing flows through toilets, faucets and showerheads.What it pays: Cutting water use saves Clarion hotels about $17,250 per year.Idle Trucks, Real MoneyWalmart runs one of the biggest trucking fleets in the U.S. That means scores of semis standing in traffic at any given time. At that scale, the introduction of technology that reduces energy use when trucks or idling and software that creates more efficient routes can improve fuel efficiency by 90%, reducing carbon dioxide emissions.What it pays: Diesel averages almost $3 a gallon in the U.S. Tech’s Green Power PayoffGoogle, Facebook and Amazon are among the largest energy consumers in the U.S., and a lot of that power is now emission-free. Each company committed to getting 100% of their power for their data centers from renewable resources such as wind and solar. Exxon Mobil signed up to energize its operations in Texas with solar and wind energy starting next year, which would place the oil producer among the top 10 buyers.What it pays: With renewables now cheaper than fossil fuels, these green energy commitments shave an estimated 10% off tech giants’ gargantuan utility bills.Paperless Bathrooms Are CheaperRestaurants, movie theaters and others have been making the switch from paper towels to hand dryers in their restrooms for years. Dryers have become the norm because of the savings on the cost of paper towels and the expense of sending garbage to the landfill. Soldier Field, home of the Chicago Bears, made the switch and cut carbon emissions by 76% per use.What it pays: A football stadium can save more than $12,000 a year over the cost of paper towels. Re-Sold Clothes Are a MoneymakerPatagonia Inc. has been repairing and recycling clothes since its inception in the 1970s, making the practice a core part of the brand’s environmental image. Two years ago, however, the company added incentives for customers who return used items. This wasn’t just an act of urgency to keep clothing out of landfills. A 3-in-1 Snowshot Jacket that retails new for about $400 was recently listed on Patagonia’s Wornwear website for $187 to $207, more than twice the amount paid to customers in a voucher.What it pays: Each re-sale of a high-quality used jacket can net $100. “It’s a profitable business unit,” said Phil Graves, director of corporate development at Patagonia.Slender Plastic SavingsNestle has been saving money with ever-thinner plastic bottles, cutting the content in its half-liters by more than 60% since 1990. That also reduces the harmful chemicals and emissions produced from making plastic and saves on transportation costs. There’s also been a push to use more recycled material. Nestle recently started offering a 100% recycled bottle for its Pure Life water brand. Coca-Cola Inc. has decided to ditch plastic altogether for its Dasani line by pumping water into aluminum cans. That switch will make it easier to recycle and boost profitability. The cans weigh less, which cuts transportation costs. What it pays: 72 cents per pound of plastic resin.Beer With Less Spent on WaterLagunitas Brewing Co. was growing so quickly that its local water utility couldn’t process all the highly concentrated wastewater produced by its manufacturing process. Managing it all might have required costly upgrades to the municipal system. The brewer instead bought a new type of treatment system onsite that cleans the 7 gallons of high-strength wastewater made with every gallon of beer. The methane byproduct is used to produce electricity. Its one of the many breweries and vineyards out there that have now installed these systems.What it pays: Estimated savings more than $1 million a year on utility bills.This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to highlight climate change.(Adds zero-waste effort in ninth paragraph)To contact the authors of this story: Chris Martin in New York at cmartin11@bloomberg.netMillicent Dent in New York at mdent13@bloomberg.netTo contact the editor responsible for this story: Aaron Rutkoff at arutkoff@bloomberg.net, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Why Nike’s Q1 Results May Not Help Its Stock
Nike (NKE) is set to announce its fiscal 2020 first-quarter results after markets close on September 24. The company faces tough year-over-year comparisons.
- Investor's Business Daily
Stock Market Rally Continues, But Top Growth Stock Roku Plunges On Sell Rating
The major stock indexes extended gains in the current stock market rally. Top growth stock Roku plunged on an analyst sell rating.
- Zacks
lululemon & 3 Other Apparel Makers to Buy for Solid Returns
Apparel manufacturing stocks are witnessing solid momentum, thanks to their endeavors to excel and a favorable consumer environment.
- American City Business Journals
Nike CEO cites 'broad-based growth, incredible momentum' at annual meeting
The sportswear giant is coming off a record year during which it implemented a new business plan that prioritizes direct sales and getting products to market and consumers quicker. At a 45-minute annual shareholder meeting on Thursday, CEO Mark Parker called the year an "inflection point."
- Benzinga
Nike Drops Antonio Brown
Antonio Brown continues to dominate headlines amid the start of the NFL season. The latest news? Nike Inc (NYSE: NKE ) says Brown is no longer a Nike endorser. "Antonio Brown is not a Nike athlete," ...
- Zacks
Fed Rate Cuts, Microsoft Strength & Buy Skechers (SKX) Stock - Free Lunch
The Fed cuts interest rates again, but what's next? Why Microsoft (MSFT) stock surged. The latest from AT&T (T) and FedEx (FDX). And why Skechers (SKX) stock is a Zacks Rank 1 (Strong Buy) right now - Free Lunch
- Reuters
NFL star Antonio Brown "not a Nike athlete", says company
Nike Inc said on Thursday it had cut ties with New England Patriots player Antonio Brown, who has denied allegations by his former personal trainer of rape and sexual assault. "Antonio Brown is not a Nike athlete," the company said in an e-mailed statement.
- TheStreet.com
Nike Drops NFL's Antonio Brown as Ambassador
Sports-apparel maker Nike is cutting ties with New England Patriots wide receiver Antonio Brown amid on- and off-the field issues with the All-Pro NFL player. It has been a tumultuous year for Brown, who forced his way out of the Pittsburgh Steelers organization with a trade demand. After being traded to the Oakland Raiders, Brown on his request was released after reportedly nearly getting into a physical altercation with his general manager.
- Zacks
Can North America, China Drive NIKE (NKE) in Q1 Earnings?
Momentum in North America and China businesses position NIKE (NKE) for solid top-line growth in first-quarter fiscal 2020.
- Bloomberg
Apple’s Brand in China Takes a Hit From Backlash Against Trump
(Bloomberg) -- The trade war is taking its toll on Apple Inc., a new survey of Chinese consumer attitudes shows.The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies Co., climbed two spots and came in second, behind only Chinese payment service Alipay.The shuffle in the rankings is a sign of the growing challenge American brands face in the second year of Donald Trump’s tariff showdown with his Chinese counterpart, Xi Jinping. The survey findings show Chinese consumers growing cooler towards some American brands, especially after smartphone giant Huawei saw its Chief Financial Officer, Meng Wanzhou, arrested in Canada last year at the behest of the U.S. government.Trump followed with a ban on Huawei products, which helped fuel a surge of local support for the Shenzhen-based brand, according to Jay Milliken, senior partner in Hong Kong with Prophet, the San Francisco-based consultancy that conducted the survey of 13,500 Chinese consumers.Prophet’s survey, conducted annually, this year asked Chinese consumers in large cities for their views on more than 250 brands across 27 categories. Respondents evaluated brands they used or were considering using, rating rated their relevance to the lives of consumers based on qualities such as innovation, usefulness and dependability.‘Nationalistic Buying’“There’s a lot of nationalistic buying in that category, because Chinese consumers interpreted what happened to Huawei as an attack,” he said.Patriotism helped fuel the rise of other Chinese brands, too. Sportswear maker Li Ning Co. cracked the top 40 for the first time, ranked No. 34, just two spots behind market leader Nike Inc.Named after its founder, the famous gymnast, Li Ning capitalized on the nationalistic sentiments of many Chinese consumers with the launch last year of a China Li-Ning collection at New York Fashion Week that heavily used red and yellow, China’s national colors.There were only two American names in the top ten this year -- Android at No. 3 and Intel at No. 9 -- compared to five in the 2017 survey.Switching AllegiancesUnlike Apple, Android and Intel don’t have to worry about consumers switching allegiances to local competitors, Milliken said, and that explains why they manage to remain highly ranked.“Some Western brands are so integral in the lives of Chinese consumers, they’re almost predisposed to not losing relevance,” he said. “There are no Chinese alternatives so those remain super relevant.”Geopolitical tensions aren’t the only problem Apple faces in China, its biggest market after the U.S.While Beijing is pushing to make the country a leader in the introduction of high-speed 5G networks, Apple’s phones -- even the newly announced iPhone 11 -- don’t support that latest wireless standard.To contact the reporter on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Bhuma Shrivastava, Rachel ChangFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- CBS MoneyWatch
Nike drops Antonio Brown after rape allegations
"Antonio Brown is not a Nike athlete," a spokesperson from the company told CBS Boston
- Financial Times
Next’s assessment of no-deal Brexit makes investors see red
Brexit makes many see red (or, in extreme cases, assume the hue). Alongside Thursday’s half-year results, Simon Wolfson published an updated Brexit impact analysis, with all the numbers that have changed since it was first published a year ago highlighted in bold red type. Because Lord Wolfson’s minimally florid prose says there is “no risk” of tariff or duty increases — only a “£25m” saving.
- American City Business Journals
Here's what to expect at Nike's annual meeting
Nike's shareholders on Thursday will vote on three proposals, including the compensation of the company's top executives.
- Zacks
Nike (NKE) Outpaces Stock Market Gains: What You Should Know
Nike (NKE) closed the most recent trading day at $87.56, moving +0.33% from the previous trading session.
- American City Business Journals
Nike opens eco-friendly 1.5-million-square-foot distribution center (Photos)
Nike has opened a 1.5-million-square-foot distribution center in Ham, Belgium, that underscores the company's commitments to direct sales and a decreased carbon footprint. The distribution center will serve customers in Europe, Africa and the Middle East. Nike's core business plan, which it calls the Consumer Direct Offense, emphasizes getting products to consumers quicker.
- Benzinga
Today's Pick-Up: Musk Invokes Amazon's Name Not In Vain; Using A Customer To Rake XPO
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk wants to streamline the logistics of delivering the automaker's vehicles. Starting next quarter, the company will ship cars to local delivery centers and allow customers to pick them up at their convenience, according to website Electrek, which spoke to people who were on a call last week with Musk. Customers currently have to schedule appointments to pick up their cars before they are moved out of the Fremont, California factory.
- Investor's Business Daily
Lululemon Stock: A Breakout, A Buy Point And A Very Strong Brand
Among retail stocks to watch, Lululemon is back below its buy point, feeling for direction after a Sept. 6 breakout. What should investors be watching for?
- InvestorPlace
7 Dow Titans Breaking Higher
U.S. equities seem ready to push higher with a number of key large-cap stocks perking up on evidence the American consumer is hanging tough. Of course, there continues to be lingering hopes of a thaw in U.S.-China trade relations as well. * 7 Tech Stocks You Should Avoid Now As a result, a number of Dow Jones Industrial Average components are perking up nicely and look good for new money. Here are seven to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips JPMorgan Chase (JPM)Shares of Dow component JPMorgan (NYSE:JPM) are blasting to fresh highs today, pushing towards the $120 level with a move above its April and July highs. This puts an end to a two-year consolidation range going back to early 2018.The company will next report results on Oct. 15 before the bell. JPM stock analysts are looking for earnings of $2.44 per share on revenues of $28.14 billion. Boeing (BA)Boeing (NYSE:BA) shares are gaining some altitude and look ready for a breakout from their long post-737 MAX malaise as its engineering team rapidly work towards getting the plane re-certified and back in the air by the end of the year. * 7 Discount Retail Stocks to Buy for a Recession BA stock shares have been in a sideways pattern since early 2018, so watch at the least for a retest of the early 2019 highs. The company will next report results on Oct. 23. Analysts are looking for earnings of $2.24 per share on revenues of $20.8 billion. Caterpillar (CAT)Caterpillar (NYSE:CAT) shares are pushing back towards the upper end of its down channel resistance going back two years. A breakout here would set the stage for a run at the early 2018 highs near $165, which would be worth a gain of more than 20% from here.Dow member CAT stock will next report results on Oct. 23 before the bell. Analysts are looking for earnings of $2.95 per share on revenues of $13.6 billion. DuPont de Nemours (DD)Shares of DuPont (NYSE:DD) look ready for a break above its 200-day moving average, threatening an end to a two-year downtrend channel on the Dow Jones Industrial Average. Look for a rebound to the April high, which would be worth a gain of nearly 15% from here. * 10 Battered Tech Stocks to Buy Now The company will next report results on Oct. 31, before the bell. DuPont stock analysts are looking for earnings of 96 cents per share on revenues of $5.5 billion. Goldman Sachs (GS)Goldman (NYSE:GS) shares are rising to fresh highs as excitement builds around the company's co-branded credit card with Apple (NASDAQ:AAPL) -- a slick unit with functionality integrated into the iPhone that includes a physical card built out of titanium. This is the type of innovation Apple CEO Tim Cook loves, given his training as an accountant.The company will next report results on Oct. 15 before the bell. GS stock analysts are looking for earnings of $5.63 per share on revenues of $8.7 billion. Nike (NKE)Nike (NYSE:NKE) shares are preparing to break up and out of a sideways consolidation range going back to March thanks to repeated bounces off of its 200-day moving average. Nike stock will benefit from the fresh tailwinds being enjoyed by the U.S. consumer thanks to a strong job market. * 10 Recession-Resistant Services Stocks to Buy NKE will next report results on Sept. 24 after the close. Analysts are looking for earnings of 71 cents per share on revenuers of $10.4 billion. Walmart (WMT)Walmart (NYSE:WMT) shares are also pushing to fresh highs, extending a bounce off of its 50-day moving average on the Dow. Morgan Stanley recently raised their price target on WMT stock on its PhonePe financial services play.The company will next report results on Nov. 14 before the bell. Analysts are looking for earnings of $1.09 per share on revenues of $127.8 billion.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 7 Dow Titans Breaking Higher appeared first on InvestorPlace.
- Zacks
SKX or NKE: Which Is the Better Value Stock Right Now?
SKX vs. NKE: Which Stock Is the Better Value Option?
- Bloomberg
Apple Takes on EU’s Vestager in Record $14 Billion Tax Fight
(Bloomberg) -- Apple Inc. fights the world’s biggest tax case in a quiet courtroom this week, trying to rein in the European Union’s powerful antitrust chief ahead of a potential new crackdown on internet giants.The iPhone maker can tell the EU General Court in Luxembourg that it’s the world’s biggest taxpayer. But that’s not enough for EU Competition Commissioner Margrethe Vestager who said in a 2016 ruling that Apple’s tax deals with Ireland allowed the company to pay far less than other businesses. The court must now weigh whether regulators were right to levy a record 13 billion-euro ($14.4 billion) tax bill.Apple’s haggling over tax comes after its market valuation hit $1.02 trillion last week on the back of a new aggressive pricing strategy that may stoke demand for some smartphones and watches. The company’s huge revenue -- and those of other technology firms -- have attracted close scrutiny in Europe, focusing on complicated company structures for transferring profits generated from intellectual property.A court ruling, likely to take months, could empower or halt Vestager’s tax probes, which are now centering on fiscal deals done by Amazon.com Inc. and Alphabet Inc. She’s also been tasked with coming up with a “fair European tax” by the end of 2020 if global efforts to reform digital taxation don’t make progress.“Politically, this will have very big consequences,” said Sven Giegold, a Green member of the European Parliament. “If Apple wins this case, the calls for tax harmonization in Europe will take on a different dynamic, you can count on that.”Vestager showed her determination to fight the tax cases to the end by opening new probes into 39 companies’ tax deals with Belgium on Monday. The move addresses criticism by the same court handling the Apple challenge. A February judgment threw out her 2016 order for them to pay back about 800 million euros.At the same time she’s pushing for “fair international tax rules so that digitization doesn’t allow companies to avoid paying their fair share of tax,” according to a speech to German ambassadors last month. She urged them to use “our influence to build an international environment that helps us reach our goals” in talks on a new global agreement to tax technology firms.Apple’s fury at its 2016 EU order saw Chief Executive Officer Tim Cook blasting the EU move as “total political crap.” The company’s legal challenge claims the EU wrongly targeted profits that should be taxed in the U.S. and “retroactively changed the rules” on how global authorities calculate what’s owed to them.The U.S. Treasury weighed in too, saying the EU was making itself a “supra-national tax authority” that could threaten global tax reform efforts. President Donald Trump hasn’t been silent either, saying Vestager “hates the United States” because “she’s suing all our companies.”“There is a lot at stake given the high-profile nature of the case, as well as the concerns that have been raised from the U.S. Treasury that the investigations risk undermining the international tax system,” said Nicole Robins, a partner at economics consultancy Oxera in Brussels.Apple declined to comment ahead of the hearing, referring to previous statements. The European Commission also declined to comment. Ireland said it “profoundly” disagreed with the EU’s findings.Richard Murphy, a professor at London’s City University, said the EU’s case “is about making clear that no company should be beyond the geographic limits of tax law.”“Selective attempts to get round the law -- which is what tax avoidance is -- are unacceptable when companies seek the protection and support of that same law” in the rest of their business,” Murphy said.Vestager has also fined Google some $9 billion. She’s ordered Amazon to pay back taxes -- a mere 250 million euros -- and is probing Nike Inc.’s tax affairs and looking into Google’s taxation in Ireland.The first hints of how the Apple case may turn out will come from a pair of rulings scheduled for Sept. 24.The General Court will rule on whether the EU was right to demand unpaid taxes from Starbucks Corp. and a Fiat Chrysler Automobiles NV unit. Those judgments could set an important precedent on how far the EU can question tax decisions national governments make on how companies should be treated.“It’s very clear that the largest companies in the world -- the frightful five I call them -- are hardly paying taxes,” said Paul Tang, a socialist lawmaker at the European Parliament. “Cases like these, Amazon in Luxembourg or Apple in Ireland, started to build public and political pressure” for tax reform in Europe.The legal battles may go on for a few years more. The General Court rulings can be appealed once more to the EU’s highest tribunal, the EU Court of Justice. Meanwhile, Apple’s back taxes -- 14.3 billion euros including interest -- sit in an escrow account and can’t be paid to Ireland until the final legal challenges are exhausted.For Alex Cobham, chief executive of the Tax Justice Network campaign group, the issue is already in the past and “it’s not even the biggest tax scandal that Apple has” after reports on other structures it may use. Tax reforms under discussion “will ensure much closer alignment of taxable profits and the real economic activity” generated by them.The cases are: T-892/16, Apple Sales International and Apple Operations Europe v. Commission, T-778/16, Ireland v. Commission.(Updates with Vestager comment in seventh paragraph.)To contact the reporters on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net;Aoife White in Brussels at awhite62@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter ChapmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Things You Must Know Before NIKE's (NKE) Q1 Earnings Results
NIKE's (NKE) Consumer Direct Offense as well as international and NIKE Direct businesses position it to beat estimates in first-quarter fiscal 2020. But higher costs and currency may be spoilsports.
