NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results
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Nike (NKE) PT Lowered to $107 at Cowen Following 4Q
June 26, 2020 9:07 AM EDTCowen analyst John Kernan lowered the price target on Nike (NYSE: NKE) to $107.00 (from $110.00) while maintaining a Outperform rating following the company's 4Q. Sales declined 38% y/y (far worse than our and consensus expectations) while EPS of ($0.51) was below consensus expectations of ($0.13).
Management... More
Nike (NKE) PT Raised to $115 at Bernstein
June 26, 2020 7:53 AM EDTBernstein analyst Jamie Merriman raised the price target on Nike (NYSE: NKE) to $115.00 (from $101.00) while maintaining a Outperform rating.
... MoreNike (NKE) PT Raised to $118 at Pivotal Research
June 26, 2020 7:45 AM EDTPivotal Research analyst Mitch Kummetz raised the price target on Nike (NYSE: NKE) to $118.00 (from $115.00) while maintaining a Buy rating.
... MoreNeedham & Company Reiterates Buy Rating on Nike (NKE)
June 26, 2020 7:34 AM EDTNeedham & Company analyst Rick Patel reiterated a Buy rating and $113.00 price target on Nike (NYSE: NKE) following the company's 4Q report. NKE reported F4Q20 adj. EPS of ($0.51) versus Street estimates of ($0.14), primarily due to lower sales and GM%. Needham & Company lowered FY21 sales growth/EPS... More
Nike (NKE) Misses Q4 EPS by 60c, Revenue Falls Short of Consensus
June 25, 2020 4:16 PM EDTNike (NYSE: NKE) reported Q4 EPS of ($0.51), $0.60 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $7.52 billion.
COVID-19 Update on Operations
As of today, approximately 90 percent of NIKE-owned stores are open across the globe. Retail traffic continues to improve week-over-week with higher conversion rates as compared to the prior... More
