Nike (NKE) PT Lowered to $105 at Evercore ISI

Nike (NKE) PT cut to $89 at CFRA (correction)

June 28, 2024 9:33 AM EDT

(Updated - June 29, 2024 6:18 AM EDT)

CFRA analyst Zachary Warring cut the price target on Nike (NYSE: NKE) to $89.00 (from $95.00) while maintaining a Hold rating.

The analyst comments "We lower our 12-month price target by $6 to $89, based on 25.5x our FY 25 (May) EPS... More

Nike (NKE) PT Lowered to $100 at Telsey

June 28, 2024 7:22 AM EDT

Telsey analyst Christina Fernandez lowered the price target on Nike (NYSE: NKE) to $100.00 (from $115.00) while maintaining a Outperform rating.

The analyst comments "Nikes 4QF24 result and lowered FY25 sales guidance is disappointing and reflects a broader slowdown in demand for Nike products, now spanning more heavily into the lifestyle footwear business, and steeper reductions in the supply of its three largest lifestyle franchisesAir Force 1, Air Jordan 1, and Dunkto preserve their long-term health. Nike... More

Nike (NKE) PT Lowered to $67 at Williams Trading

June 28, 2024 5:39 AM EDT

Williams Trading analyst Sam Poser lowered the price target on Nike (NYSE: NKE) to $67.00 (from $75.00) while maintaining a Sell rating.

The analyst comments "Sell Nike: Nike is a mess and is deflated, as is any confidence we may have had. 4Q24 revenue missed estimates... More

JPMorgan Downgrades Nike (NKE) to Neutral

June 28, 2024 5:33 AM EDT

JPMorgan analyst Matthew Boss downgraded Nike (NYSE: NKE) from Overweight to Neutral with a price target of $83.00 (from $116.00).

The analyst comments "NKE reported 4Q24 adjusted EPS of $1.01 (> Street $0.84) with revenue shortfall (-1.7% y/y decline on a reported basis below Street at... More

UBS Downgrades Nike (NKE) to Neutral, 'embarking on what will be a multiyear reset'

June 28, 2024 4:44 AM EDT

(Updated - June 28, 2024 5:41 AM EDT)

UBS analyst Jay Sole downgraded Nike (NYSE: NKE) from Buy to Neutral with a price target of $78.00 (from $125.00).

The analyst comments "Nike's 4Q report indicated its fundamental trends are much worse than we... More

Nike stock plunges as gloomy sales forecast fans growth concerns

June 28, 2024 3:58 AM EDT

By Ananya Mariam Rajesh and Juveria Tabassum

(Reuters) -Nike's stock slumped 20% on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.

It was the worst day ever for the stock, and the losses wiped out $28.41 billion from the company's market valuation.

The company on Thursday projected a mid-single-digit percentage fall in fiscal 2025 revenue, compared with analysts' estimates of a near 1% rise.

"Nike is at a point... More

PCE ahead, Nike slips, Biden falters in debate with Trump - what's moving markets

June 28, 2024 3:53 AM EDT

Investing.com -- U.S. stock futures ticked up on Friday, with investors awaiting the unveiling of an inflation reading closely monitored by the Federal Reserve. The personal consumption expenditures price index is expected to show that price growth cooled in May, potentially bolstering the case for the Fed to slash interest rates in 2024. Elsewhere, Nike (NYSE: NKE) shares tumble after the sportswear group warns that sales will decline in the current quarter, while U.S. President Joe Biden... More

Nike (NKE) PT Lowered to $81 at Truist Securities

June 28, 2024 3:26 AM EDT

Truist Securities analyst Joseph Civello lowered the price target on Nike (NYSE: NKE) to $81.00 (from $99.00) while maintaining a Hold rating.... More

Nike (NKE) PT Lowered to $90 at Jefferies

June 28, 2024 3:25 AM EDT

Jefferies analyst Randal Konik lowered the price target on Nike (NYSE: NKE) to $90.00 (from $100.00) while maintaining a Hold rating.... More

Stifel Downgrades Nike (NKE) to Hold

June 28, 2024 3:24 AM EDT

Stifel analyst Jim Duffy downgraded Nike (NYSE: NKE) from Buy to Hold with a price target of $88.00 (from $117.00).

The analyst comments: "The FY25 guide (the 5th downward consensus revision in 6 quarters), pushes prospects for growth inflection further into 2025 (perhaps FY4Q or spring... More

Morgan Stanley Downgrades Nike (NKE) to Equalweight

June 28, 2024 3:22 AM EDT

Morgan Stanley analyst Alex Straton downgraded Nike (NYSE: NKE) from Overweight to Equalweight with a price target of $79.00 (from $114.00).

The analyst comments: "On the back of another disappointing print & reduced outlook, we are moving to the sidelines for three primary reasons. 1) The... More

After-hours movers: Nike, Infinera, Accolade and more

June 27, 2024 4:55 PM EDT

After-Hours Stock Movers:

Nike (NYSE: NKE) fell 6% after it reported results for its fourth quarter, with revenue missing the average analyst estimate. Management said it is taking actions to reposition Nike to be more competitive.... More

Nike shares slump after group flags current-quarter sales decline

June 27, 2024 4:36 PM EDT

(Updated - June 28, 2024 7:49 AM EDT)

Investing.com - Shares in Nike (NYSE: NKE) shed more than 15% of their value in premarket U.S. trading after the sports apparel company told investors that revenue is expected to fall by 10% in the current quarter.

Sales in the ongoing 2025 fiscal year are also seen decreasing by a percentage in... More

Nike forecasts surprise revenue fall as upstarts steal marketshare; stock dives

June 27, 2024 4:19 PM EDT

By Ananya Mariam Rajesh and Juveria Tabassum

(Reuters) -Nike on Thursday forecast a surprise drop in fiscal 2025 revenue, hurt by faltering demand for its sneakers as consumers covet newer brands such as On and Hoka, pushing its shares down over 12% after hours.

Nike said it expects a mid-single-digit percentage fall in annual revenue. Analysts expected a 0.91% rise, according to LSEG data. Fourth-quarter revenue also missed estimates.

The company's stock, which has declined 13% so far this year, was set to lose more than $15 billion in market value if the losses hold on Friday.

The Air... More

Nike (NKE) Tops Q4 EPS by 17c, Revenue Misses

June 27, 2024 4:15 PM EDT

(Updated - June 27, 2024 4:23 PM EDT)

Nike (NYSE: NKE) reported Q4 EPS of $1.01, better than the analyst estimate of $0.84. Revenue for the quarter came in at $12.6 billion versus the consensus estimate of $12.89 billion.

Net income was $1.5 billion, up 45 percent, and Diluted earnings per... More

Nike (NKE) call put ratio 1.4 call to 1 put with focus on June weekly 95 calls into quarter results

June 27, 2024 11:01 AM EDT

Nike (NYSE: NKE) June weekly call option implied volatility is at 169, July is at 46; compared to its 52-week range of 19 to 42 into the expected release of quarter results today after the bell. Call put ratio 1.4 call to 1 put with focus on June weekly 95 calls.

... More

Nike earnings preview: Analysts discuss Q4 report’s key focus areas

June 27, 2024 4:30 AM EDT

Athletic apparel and footwear giant Nike (NYSE: NKE) is due to report its earnings results for the fiscal Q4 2024 after the market close on Thursday, June 27. The print comes ahead of new growth opportunities for Nike, especially with the Summer Olympics kick-off next month.

For its last quarterly report in fiscal 2024, analysts expect to see an improvement in Nike's financial performance compared to the same period last year.

According to Visible Alpha, the company is expected to report net income of $1.28 billion, or 84 cents per share, on revenues of $12.9 billion. Nike's... More

Nike (NKE) June weekly 95 and 97 calls active

June 26, 2024 11:27 AM EDT

Nike (NYSE: NKE) June weekly call option implied volatility is at 130, July is at 46; compared to its 52-week range of 19 to 42 into the expected release of quarter results after the bell on June 27. June weekly 95 and 97calls active.

... More