NKE - NIKE, Inc.
82.64 +0.01 (0.01%)
After hours: 4:22PM EDT
| Previous Close | 83.20 |
| Open | 82.50 |
| Bid | 82.57 x 1000 |
| Ask | 82.59 x 900 |
| Day's Range | 81.99 - 83.06 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 6,033,696 |
| Avg. Volume | 6,621,306 |
| Market Cap | 129.889B |
| Beta (3Y Monthly) | 0.94 |
| PE Ratio (TTM) | 32.19 |
| EPS (TTM) | 2.57 |
| Earnings Date | Jun 26, 2019 - Jul 1, 2019 |
| Forward Dividend & Yield | 0.88 (1.00%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | 91.75 |
Associated Press•2 hours agoThe Latest: Soybean farmers urge continued trade talks
NEW YORK (AP) — The Latest on trade tensions between the United States and China (all times local):
- Zacks•3 hours ago
Buy Lululemon (LULU) Stock Before Q1 Earnings as It Ups Fight Against Nike?
Let's see if investors should buy Lululemon stock heading into its first-quarter fiscal 2019 earnings results?
- American City Business Journals•7 hours ago
Crocs on! How this Colorado company grew from a quirky clog to a diverse, global brand
As with many consumer fashions, there are Crocs fans, and there are haters. Leveraging social media is just one way Crocs is pushing its brand into new markets and new products.
- InvestorPlace•9 hours ago
Can Nike Stock Hit $185 In the Next Five Years?
As stocks go, Nike (NYSE:NKE) continues to be one of the most consistent performers in the S&P 500. Since May 23, 2014, Nike stock has more than doubled from $37.92 to $83.64 as of the May 23 close. Additionally, the five-year total return for NKE stock is 18.6%, 764 basis points better than the index.Source: rodrigofranca via FlickrThe athletic-apparel maker is a paragon of consistency, both financially and in the markets. Therefore, I don't think it's a stretch to wonder if the Nike stock price can double over the next five years like it did the five just passed.StockTwits founder Howard Lindzon has held Nike stock in his "8 to 80" portfolio for several years. These are stocks that people want to own because they also use their products and services regularly. I call that "Everyday Investing." It's a concept that I modeled after Peter Lynch's theory that you should invest in what you know.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdmittedly, this concept isn't 100% foolproof, as the case of General Electric (NYSE:GE) demonstrated. But Nike is a much different company with fewer moving parts than the down-on-its-luck industrial conglomerate. * 7 Safe Stocks to Buy for Anxious Investors In my opinion, NKE stock has a great shot at doubling to $185 by May 23, 2024. But to do so, Nike must capture the women's market if it wants to get there. Here's why: Lululemon vs. NikeIf anyone can take down Lululemon (NASDAQ:LULU), the leader in women's athletic apparel, it would have to be Nike.InvestorPlace contributor Luke Lango recently highlighted the women's market as an important goal for the company on its way to $100 and beyond."At the current moment, Nike's revenues are dominated by the men's segment. The women's business accounts for less than a quarter of its total revenues," Lango wrote May 8. "But the global women's athletic apparel and footwear market is 50% larger than the men's athletic apparel and footwear market."Luke recommended an April CNBC article by Lauren Thomas. I'd second that recommendation. It's well written and provides the reader with a good understanding of Nike's overall business.Nike had $36.4 billion in revenue in 2018. Of that, $24.0 billion was wholesale to external customers, $10.4 billion was from Nike's brick-and-mortar and online stores, while the remainder was primarily from Converse.Of the $30.3 billion in wholesale (it includes $6.3 billion to Nike Direct), $6.9 billion was women's, 22.8% of the company's overall 2018 revenue.In April, Lululemon stated that it wants to double its men's revenue by 2023. In 2018, the men's business accounted for 20% of LULU's overall revenue of $3.3 billion. That means that Lululemon's women's business generated $2.6 billion in 2018 with men delivering $660 million.Here's what is most surprising about Lululemon: it skyrocketed from zero penetration in the men's market to 20% in just six years. Considering it's about one-fifth the size of Nike, it's a very impressive stat.If I owned Nike stock, I'd be concerned that Lululemon will soon generate more revenue from the men's market as a percentage of its overall sales than NKE does from the women's market. How Does Nike Stock Get to $185?Nike has never been very good at acquisitions.It couldn't do much with Bauer in hockey. It hasn't done much with Converse in streetwear, and it failed to do much with Cole Haan in the shoe market.However, there's a first time for everything. If management wants NKE stock to hit $185 by May 2024, they have a quick solution: acquire Lululemon.Once upon a time when Under Armour (NYSE:UA, NYSE:UAA) was in a much stronger position, I suggested that LULU and Under Armour merge to fight Nike.Today, LULU could buy Under Armour, but why would it? It's got growing women's and men's markets, strong digital sales, and increasing business in consumer-friendly Asia.Nike likely wouldn't pull the trigger, given its poor history. But it should set past disappointments aside because Lululemon continues to demonstrate why it's a leader in athletic wear.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Can Nike Stock Hit $185 In the Next Five Years? appeared first on InvestorPlace.
- American City Business Journals•22 hours ago
Another Nike runner criticizes company's maternity policies
Six-time Olympic champion and Nike runner Allyson Felix on Wednesday said in an op-ed in the New York Times that Nike declined to contractually guarantee her contract if she underperformed after giving birth.
- Reuters•23 hours ago
Trump antagonist Avenatti indicted for ripping off Stormy Daniels, extorting Nike
Michael Avenatti's legal troubles escalated on Wednesday as federal prosecutors announced new indictments accusing the lawyer and prominent critic of U.S. President Donald Trump of ripping off porn star Stormy Daniels and extorting Nike Inc. Prosecutors in Manhattan accused Avenatti, 48, of stealing about $300,000 from Daniels, the client who made him famous, to fund an extravagant lifestyle including a Ferrari automobile, after helping her secure a book contract. The Nike indictment concerns charges announced in March that Avenatti tried to extort more than $20 million from the athletic wear company by threatening to expose what he called its improper payments to recruits for college basketball teams it sponsored.
- American City Business Journals•23 hours ago
Charles Schwab’s ‘toughest’ shareholder steals the show at annual meeting
An 11-year-old shareholder wants to be sure the company's growth strategy will work for another 10 years. Founder Chuck Schwab said it will work for a long, long time.
- CNBC•yesterday
Michael Avenatti charged with ripping off porn star Stormy Daniels, trying to extort Nike in new indictments
Controversial lawyer Michael Avenatti was indicted Wednesday in separate cases charging him with stealing about $300,000 from his former porn star client Stormy Daniels, and with trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company. Prosecutors claim that Avenatti ripped off Daniels by taking payments for her book sales and paying her just half of what she was owed. The indictment accuses him of spending some of the money he allegedly swindled from Daniels on a lease payment for his Ferrari, travel expenses, dry cleaning and $56,000 in payroll at his law firm.
- CNBC•yesterday
Michael Avenatti, former lawyer for porn star Stormy Daniels, indicted for alleged extortion attempt against Nike
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company, according to federal court documents unsealed in New York City on Wednesday.
- InvestorPlace•yesterday
7 Athletic Apparel Stocks With Marathon Pace
Athleisure has been the biggest trend in retail over the past several years, helping put athletic apparel stocks on a fast track to big-time gains. The rise of internet, social media and photo-sharing apps created an unprecedented surge in consumer self-awareness regarding image, health and fitness. As consumers become more attuned to self-care, they simultaneously lead more active, healthy lifestyles … or at least give off the appearance that they are doing so through Instagram posts. This has likewise led to a surge in athleisure clothing sales, since that is the apparel that best fits this lifestyle.This isn't a short-term trend -- it's secular. Consumers are only becoming more connected, and they are consequently becoming more self-aware. Thus, the underlying consumer desire to become healthier and more active will continue to grow. Consumer demand for athleisure clothing will likewise continue to grow over the next several years.Because of this secular demand tailwind, athletic apparel stocks should broadly continue to run higher for the foreseeable future. If you buy athletic apparel stocks here, you could be sitting on massive gains for the long-term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors Which apparel stocks should be on your shopping list? Let's take a look at seven athletic apparel stocks to buy, all of which could run much higher over the next few years. Athletic Apparel Stocks to Buy: Nike (NKE)Source: rodrigofranca via FlickrAt the top of this list is none other than global athletic apparel giant Nike (NYSE:NKE).Nike has been, is, and projects to remain the undisputed and unrivaled king in the athletic apparel industry. The company dominates in every relevant sports market, from basketball to soccer to baseball. They also dominate on the running front, and have aggressively pivoted into the lifestyle world to be the number one player in athleisure, too.Broadly speaking, there's no reason to believe that Nike won't stop being the top dog any time soon. The company is doing everything right at the current moment. They continue to sign the world's top athletes. They are investing in technology, pivoting to direct channels, and expanding the women's business.All in all, Nike will remain king in the athletic apparel industry for the foreseeable future. So long as that remains true, NKE stock will move higher with the rising athleisure trend. Foot Locker (FL)Source: Shutterstock As goes Nike, so goes Foot Locker (NYSE:FL).For all intents and purposes, Foot Locker stores are basically just Nike stores. Sure, Foot Locker sells product from all the major athletic apparel players, but about 70% of Foot Locker's merchandise comes from Nike. Thus, when Nike is on fire, that simultaneously means Foot Locker is on fire.Right now, Nike is on fire. Given the company's secular demand tailwinds and strong innovation pipeline, Nike projects to remain on fire for the foreseeable future. That means Foot Locker likewise projects to remain on fire for the foreseeable future, too. * 10 Names That Are Screaming Stocks to Buy Meanwhile, there seems to be some stabilization in the marketplace between direct and wholesale retail channels, and that stabilization should provide a lift to Foot Locker's numbers. Broadly, then, all the trends are moving in FL's favor, and that should lead to a FL stock rally. Adidas (ADDYY)Source: Shutterstock Before Nike pivoted into the lifestyle market, Adidas (OTCMKTS:ADDYY) did it, and they did it very well.Adidas leveraged lifestyle celebrity endorsements from celebrities such as Kanye West to grow brand awareness and boost brand equity outside of the core athletic apparel demographic. They also aggressively innovated and launched a plethora of stylish athleisure footwear products tailored to the casual consumer.These moves worked. Revenue growth at Adidas accelerated higher, and Adidas gained market share. This trend is far from over. Adidas continues to pivot into and grow share on the lifestyle side of this market. As they do, sales and profit growth remain impressively positive, and this growth track continues to lead to big gains in ADDYY stock. Lululemon (LULU)Source: Shutterstock Arguably the most exciting athletic apparel stock is Lululemon (NASDAQ:LULU).Lululemon started out as a niche women's yoga apparel brand. They dominated that niche by selling higher-quality product and developing high brand equity. Then, the company leveraged that high brand equity to successfully branch into and grow share in other areas of the women's athletic apparel market. Now, the company is leveraging its high brand equity to tap into the men's and international markets.Overall, then, Lululemon has developed a reputation for a being a high-quality provider of athletic apparel of all sorts. While this company has largely saturated its opportunity in the women's yoga market, they have just scratched the surface of their potential elsewhere in the athletic apparel space. * 7 Assisted-Living Stocks to Buy Now As they expand more deeply into those other areas, sales and profit growth will remain robust, and LULU stock will head higher. Dick's Sporting Goods (DKS)Source: Shutterstock One of the more controversial stocks on this list is Dick's Sporting Goods (NYSE:DKS).Dick's has been on the opposite end of a secular shift in the athletic apparel space away from wholesale retail and toward direct retail. Broadly, brands like Nike are putting more product into their own direct channels, and less product into wholesale channels like Dick's. That has led to lower sales volume and margins at Dick's, which has ultimately weighed on profits and pushed the stock lower.Yet, the wholesale retail channel remains very important because of its scale. Quite simply, if Nike stopped shipping product entirely to Dick's and pivoted it all to direct, they would take a big sales hit, since Dick's has broad reach and exposure to the U.S. consumer which Nike's direct channels simply don't have.Consequently, Dick's long term growth outlook is actually stable. It seems this stability is already starting to manifest itself, as Dick's numbers have meaningfully improved over the past few quarters. So long as this improvement persists, DKS stock should run higher from here. Skechers (SKX)Source: McArthurGlen Designer Outlet via FlickrOne of the most undervalued athletic apparel stocks in the market is Skechers (NYSE:SKX).Wall Street does not like SKX stock. The stock trades at 14-times forward earnings. Both Nike and Lululemon trade at 30-plus forward earnings multiples. To be sure, some of this valuation discrepancy has to do with growth. Nike and Lululemon are growing faster than Skechers. But, not that much faster to warrant such a big valuation discrepancy.Instead, investors are concerned that as competition ramps up in the athletic apparel category, Skechers simply won't be able to keep up. That thesis seems flawed. Skechers isn't as cool as a Nike or an Adidas. But, the company offers quality athletic sneakers at reasonable prices, and in so doing, they dominate the mid-price athletic sneaker market. * 7 Battery Stocks for High-Powered Gains This market isn't going away anytime soon, because consumers will always be attracted to reasonable prices. Meanwhile, Nike and Adidas can't really pivot aggressively into this market because cutting prices would dilute brand equity and hurt their premium products. Thus, Skechers is in a sweet spot, and the relative undervaluation in SKX stock simply makes no sense. Yeti (YETI)Source: Shutterstock The last stock on this list is more an outdoor apparel company than it is an athletic apparel company, but it nonetheless benefits from the same secular demand tailwinds.Yeti (NYSE:YETI) is an outdoors consumer products brand that is rapidly expanding share in the $600 billion-plus outdoors sports market in the U.S. That market is growing anywhere between 5% and 10% per year, supported by a consumer shift from valuing products to valuing experiences (which broadly means more outdoor activities for consumers, and more outdoor products sales). This is a secular shift, so this market will continue to grow at a healthy rate for the foreseeable future.Within that industry, YETI is a small (less than $1 billion in revenues projected for 2019), but important (people need coolers and drinkware) and stable player (YETI is top dog in the cooler niche). Further, YETI is launching new products to extend beyond its niche, pushing hard on the international front, and rapidly expanding its DTC business. All those initiatives imply healthy market share expansion over the next several years.Because of such, Yeti projects as a healthy revenue and profit grower over the next few years. That growth will push YETI stock higher.As of this writing, Luke Lango was long NKE, FL, LULU, SKX and YETI. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 7 Athletic Apparel Stocks With Marathon Pace appeared first on InvestorPlace.
- Zacks•yesterday
Should Franklin LibertyQ U.S. Equity ETF (FLQL) Be on Your Investing Radar?
Style Box ETF report for FLQL
- Zacks•yesterday
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
Associated Press•2 days agoAvenatti expects imminent indictment in Nike extortion case
NEW YORK (AP) — Attorney Michael Avenatti said Tuesday he expects to be indicted in the coming days in New York, following his March arrest on charges he tried to extort millions of dollars from Nike.
Associated Press•2 days agoNike cancels Puerto Rico-homage sneaker with Panama design
PANAMA CITY (AP) — Nike said Tuesday it won't release a version of its Air Force 1 shoe meant to celebrate Puerto Rico, after an indigenous group in Panama objected to one of its traditional designs being used on the sneaker.
- Zacks•2 days ago
Nike (NKE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Nike (NKE) closed at $83.64, marking a +0.95% move from the previous day.
- Market Realist•2 days ago
Nike and Adidas Urge President Trump to Reconsider Tariffs
Nike and Adidas Urge President Trump to Reconsider TariffsThe escalating trade war has the footwear industry worriedYesterday, dozens of shoe retailers—including big names Nike (NKE) and Adidas—sent an open letter to President Trump
- TheStreet.com•2 days ago
Nike Pens Letter to Trump, Home Depot Reports Earnings - What You Need to Know
Jim Cramer is out, but Jeff Marks, senior portfolio analyst for Cramer's Action Alerts PLUS investing club, is back with the latest market news and analysis. , among other athletic apparel and shoe companies, sent President Donald Trump, and, of course, he's taking a look at some of the biggest retail earnings.
- TheStreet.com•2 days ago
Why Nike's Letter on Tariffs Won't Change President Trump's Mind
Nike, Under Armour, J.C. Penney and other athletic apparel and shoemakers penned a letter to President Trump late Monday asking the administration to reconsider tariffs placed on footwear made in China....
- TheStreet.com•2 days ago
Breaking Down Home Depot, Nike's Letter to Trump and a Retail Roundup - Video
Jeff Marks, senior portfolio analyst at Action Alerts PLUS, weighs in on Home Depot, J.C. Penney, Kohl's and TJX earnings and Nike's letter to the White House.
- Zacks•2 days ago
Tariffs Likely on Imported Shoes: Death Knell for US Footwear?
With China playing a vital role in the supply chain process for most U.S. footwear firms, the proposed tariffs are likely to be a death knell for the industry that is already reeling under a $3 billion annual duty bill.
- Yahoo Finance Video•3 hours ago
This pair of Nikes can only be found on Fortnite
Yahoo Finance's Adam Shapiro, Julie Hyman, and Dan Roberts discuss with Bullseye Brief Author Adam Johnson.
- Yahoo Finance Video•11 hours ago
Mark Cuban joins Influencers with Andy Serwer
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Mark Cuban, billionaire businessman and owner of the Dallas Mavericks.
- Yahoo Finance Video•2 days ago
Nike board member Beth Comstock on potentially 'catastrophic' shoe tariffs: 'Consumers have to pay attention'
Over 170 footwear companies signed a letter urging President Trump to consider a halt in raising tariffs on footwear imports from China. Yahoo Finance's Zack Guzman & Heidi Chung, along with former General Electric Vice Chair Beth Comstock discuss.
- Yahoo Finance Video•2 days ago
How the trade war could affect your back to school shopping
American shoe brands like Nike, Under Armour, and Adidas have united together against Trump and the U.S. tariffs against Chinese imports. Yahoo Finance's Reggie Wade reports on how it may affect your back to school shopping. Scott Galloway, Professor of Marketing at NYU Stern, further discusses with Yahoo Finance's Julie Hyman, Adam Shapiro, and Rick Newman.
Yahoo Finance Video•2 days agoShoe retailers urge Trump to ditch footwear tariffs
Almost 200 footwear retailers have signed a letter addressed to President Trump, urging him to put a halt on his tariff proposal. Yahoo Finance’s Reggie Wade, Dan Roberts, Melody Hahm, and Akiko Fujita discuss.
