Form 8-K NIKE, Inc. For: Mar 08

Here's why Nike's (NKE) DTC strategy hasn’t met investor expectations so far

Analysts at UBS aimed to explain why Nike's (NYSE: NKE) direct-to-consumer strategy (DTC) hasn't met Wall Street expectations in a note Tuesday, saying they believe the sportswear giant has tried to grow the business too fast.

The firm, which has a Buy rating and $138 price target on Nike, acknowledged that Nike's last earnings report was... More

UBS Constructive on Nike (NKE), 'Sentiment is likely more bullish than the market realizes'

UBS analyst Jay Sole reiterated a Buy rating and $138.00 price target on Nike (NYSE: NKE).

The analyst comments "We doubt Nike's 3Q report changes sentiment or sell-side EPS estimates much: Our work suggests Nike's 3Q24 fundamentals are lackluster, but probably in-line with sell-side expectations. We don't anticipate Nike changes its FY24 guidance or gives an initial view of FY25. Thus, we expect Nike's report to... More

Nike (NKE) Enters $1B 364-Day Credit Facility

On March 8, 2024, Nike (NYSE: NKE) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders (the 364Day Credit Agreement). The 364Day Credit Agreement provides for up to $1.0 billion of borrowings pursuant to a 364-day unsecured revolving credit facility (the 364Day Credit Facility), which is available for working capital and general corporate purposes, including supporting the issuance of commercial paper. In addition to loans in U.S. Dollars, borrowings under the 364Day Credit Facility will be available in Canadian Dollar, Euro, Sterling, Yen and any... More