KGI Securities Downgrades Nike (NKE) to Neutral, 'lackluster'

Argus Reiterates Hold Rating on Nike (NKE)

Argus analyst John Staszak reiterated a Hold rating on Nike (NYSE: NKE).

The analyst comments " Weakening demand We remain concerned about Nikes $7.5 billion in inventory. The company will need to cut prices to clear this inventory, which will weigh on margins and earnings in... More

Increasing unusual call option volume: KBR OIH MAXN HEAR CMG NKE FIGS KTOS TSLY HCC

Increasing unusual call option volume: KBR OIH MAXN HEAR CMG NKE FIGS KTOS TSLY HCC

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

(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

Barclays Downgrades Nike (NKE) to Equalweight

Barclays analyst Adrienne Yih downgraded Nike (NYSE: NKE) from Overweight to Equalweight with a price target of $80.00 (from $109.00).

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $94.19 yesterday.

Nike (NKE) PT Lowered to $100 at BMO Capital

BMO Capital analyst Simeon Siegel lowered the price target on Nike (NYSE: NKE) to $100.00 (from $118.00) while maintaining a Outperform rating.

The analyst commented, "NKE provided materially underwhelming guidance. The question's whether they've realistic reset or "kitchen sinked" (we don't know). It... More

Midday movers: Nike and Accolade fall; Humana and Infinera rise

(Updated - June 28, 2024 11:54 AM EDT)

Investing.com -- U.S. stock futures rose Friday after the Commerce Department released inflation data that hinted at more cooling, lifting hopes for interest rate cuts from the Fed beginning in September.

Here are some of the biggest U.S. stock movers today:

Nike (NYSE: NKE) stock fell 19% after the sportswear retailer... More

Nike (NKE) PT Lowered to $90 at HSBC

(Updated - June 28, 2024 7:29 AM EDT)

HSBC analyst Erwan Rambourg lowered the price target on Nike (NYSE: NKE) to $90.00 (from $100.00) while maintaining a Hold rating.

The analyst commented: "The longer and more painful the reset, the better the rebound... More

Nike (NKE) PT Lowered to $100 at Telsey

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 $100 at Baird

(Updated - June 28, 2024 7:04 AM EDT)

Baird analyst Jonathan Komp lowered the price target on Nike (NYSE: NKE) to $100.00 (from $125.00) while maintaining a Outperform rating.

The analyst commented: "Keeping Outperform; reducing F2025E-F2026E EPS ~30%, price target to $100. FQ4 EPS beat by +$0.15... More

November Analyst Day is a 'make or break' day for this popular company: Jefferies

A popular apparel company reported quarterly results this week and now attention turns to the analyst day in November, which Jefferies analysts believe could mark a make or break event.

After the market close on Thursday, Nike (NYSE: NKE) reported mixed results for the fiscal Q4 2024, slashed its full-year guidance, and projected a 10% drop in sales for the current quarter, amid weak sales in China and inconsistent consumer trends globally.

The anticipated 10% first-quarter decline is significantly worse than the 3.2% drop analysts had predicted, according to LSEG.

The companys shares plummeted nearly 15% in... More

Nike (NKE) PT Lowered to $97 at Wedbush

Wedbush analyst Tom Nikic lowered the price target on Nike (NYSE: NKE) to $97.00 (from $115.00) while maintaining a Outperform rating.... More

Raymond James Downgrades Nike (NKE) to Market Perform

Raymond James analyst Rick Patel downgraded Nike (NYSE: NKE) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $94.19 yesterday.

Nike (NKE) PT Lowered to $92 at Wells Fargo

Wells Fargo analyst Kate Fitzsimons lowered the price target on Nike (NYSE: NKE) to $92.00 (from $115.00) while maintaining a Overweight rating.... More

Nike (NKE) PT Lowered to $75 at TD Cowen

(Updated - June 28, 2024 6:15 AM EDT)

TD Cowen analyst John Kernan lowered the price target on Nike (NYSE: NKE) to $75.00 (from $89.00) while maintaining a Hold rating.

The analyst commented: "Nike has a competitive advantage in basketball and areas of lifestyle/fashion but... More

Nike (NKE) PT Lowered to $105 at Goldman Sachs

Goldman Sachs analyst Brooke Roach lowered the price target on Nike (NYSE: NKE) to $105.00 (from $118.00) while maintaining a Buy rating.... More

Popular stocks with increasing volume: RIVN GME PLTR WBA CMG SMCI NKE CRM

Popular stocks with increasing volume: RIVN GME PLTR WBA CMG SMCI NKE CRM

Nike (NKE) option implied volatility elevated as share price below $81 before the bell

Nike (NYSE: NKE) June weekly call option implied volatility is at 200, July is at 78; compared to its 52-week range of 19 to 42 into the expected release of quarter results today after the bell. Call put ratio 1.2 call to 1 put.

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

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

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

Stocks expected to have increasing option volume: NKE DECK SKX UAA ONON CONN

Stocks expected to have increasing option volume: NKE DECK SKX UAA ONON CONN

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

Evercore ISI analyst Michael Binetti lowered the price target on Nike (NYSE: NKE) to $105.00 (from $110.00) while maintaining a Outperform rating.

The analyst comments " Nike Lowers FY25 Towards the Lower End of Our Scenarios. As we anticipated, Nike lowered its preliminary FY25 guidance but more towards our downside scenario in our preview (in our preview here we contemplated a $3.00 downside scenario).... More

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

(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

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

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

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

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

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

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

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

(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

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

(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.

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

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.

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

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

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.