sportpoint/iStock via Getty Images I last reported on Nike (NYSE:NKE) at the end of March. In that article, I rated the stock as a Hold. The basis for my rating was largely related to the share valuation, but I voiced additional concerns regarding the company’s long-term prospects. While there are many pros to consider when one evaluates Nike as a prospective investment, I questioned whether the company could continue its historic 10% sales growth, and I also contended that Nike’s moat is more vulnerabl ...

Nike is experiencing one of its worst moments as a publicly traded company.In this video, I will talk about Nike's (NKE -19.98%) recent earnings report, which saw the stock crash 20% on Friday, June 28.*Stock prices used were from the trading day of June 28, 2024. The video was published on June 30, 2024. ...

ozgurdonmaz Introduction Nike (NYSE:NKE) is a sports and leisurewear company that will be immediately familiar to readers, due to the ubiquity of its products across the globe. Today, I will argue, the stock is currently offering investors a once in a multiyear entry point. The stock has struggled over the last number of years as a weakening macroeconomic backdrop, particularly in China, has left investors wondering what the future growth prospects are for the firm. In addition, the firm has misfired on ...

Nike Paris Olympic athlete kitsCourtesy of NikeNike ended June battered and bruised. It just reported fiscal fourth-quarter revenues through May 31 were down 2% to $12.6 billion, with its Nike Direct revenues off 8%, dropping to $5.1 billion. It ended the year up 1% to $51.4 billion after reaching $51.2 billion in fiscal 2023 on 10% growth and a fourth quarter advance of 5% to $12.8 billion.With the company in the throes of a product cycle transition and shifting channel mix, it expects first quarter fiscal ...

Thank you for your assistant Nike stock crashed almost 20% after the company reported solid results for Q4 FY 2024, but offered weaker than expected guidance: The world's leading sports apparel and footwear company said that it expects sales for FY 2025 to be down by about mid single digit. On a long-term basis, however, I think the sell-off creates an attractive opportunity for investors to buy a high quality franchise at bargain prices. In my view, Nike is poised to remain a winner in the sports indus ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNike is facing one of the most challenging periods in decades.In December, the company announced a cost-cut ...

NEW ORLEANS, June 28, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 19, 2024 to file lead plaintiff applications in a securities class action lawsuit against NIKE, Inc. (NYSE: NKE).  This action is pending in the United States District Court for the Southern District of New York.Get HelpNIKE investors should visit us at https://claimsfiler.com/cases/nyse-nke-1/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are a ...

Key TakeawayFootwear giant Nike reported fourth-quarter earnings after the bell Thursday that missed analysts' revenue expectations.The sportswear giant saw its stock sink Friday as investors questioned the company's ability to tackle rising competition from On Holding and Hoka. But its shares weren't the only ones hurt. European sportswear companies like Adidas and Puma traded lower, while retail companies such as Foot Locker also took a hit. Sportswear giant Nike (NKE) reported earnings and guidance that ...

Key TakeawaysThe S&P 500 fell 0.4% on Friday, June 28, 2024, following this election season's first presidential debate between Joe Biden and Donald Trump.Nike shares plummeted after the footwear and apparel maker's quarterly revenue fell short of forecasts.Shares of consumer finance firm Synchrony Financial moved higher after Baird initiated coverage on the stock with a bullish rating, citing the strength of its credit card platform. Major U.S. equities indexes fell on the final day of the trading week as ...

Nike (NKE) and Walgreens Boot Alliance (WBA) became the latest S&P 500 members to release quarterly results for their respective fiscal quarters ending in May. Including these two bellwether operators, we now have May-quarter results from 18 S&P 500 members. We and other research organizations engaged in tracking earnings results in real time count such May-quarter results as part of the overall June-quarter or Q2 tally.In other words, by the time everyone starts paying attention to the Q2 earnings season w ...