Nike (NKE -3.76%) stock plummeted to new lows following its latest earnings update. This iconic sportswear brand has suffered declining sales over the last year, which has sent the stock down 62% from its previous peak.
Nike's (NKE -3.76%) incoming CEO is working diligently to reverse the missteps of the previous leadership team.
Nike Inc (NYSE:NKE, ETR:NKE) is poised for a major comeback, according to Jefferies analysts who recently issued a "Buy" rating for the company with a price target of $115. This represents a potential upside of approximately 75% from its current share price of $65.80.
Nike (NKE 0.17%) stock is underperforming in 2025 as I expected it would.
After surging to an all-time high of over $170 per share in 2021, Nike (NKE 0.17%) stock has given up all of its post-pandemic gains and is hovering around multiyear lows.
Shares of Nike (NKE 0.17%) keep on sinking. The company's sales have been underwhelming, and it is facing considerable challenges due to trade wars and the threat of a recession on the horizon.
Nike Inc. NKE is limping, not sprinting, to new lows. Down 30.16% in the past year and 17.85% in just the last month, the sneaker giant finds itself at the bottom of its 52-week range at $64.95.
It's not often that investors can find a company that's just over $100 billion in market capitalization, not to mention owning a brand that is globally recognized as premium and commoditized, trading near its yearly low prices. This is why shares of Nike Inc. NYSE: NKE have come to be as interesting as any other in the market, especially within the retail sector, despite what the recent data may suggest about the space.
Nike (NKE -1.16%) stock is up just a few percentage points from its seven-year low -- a low that came during the worst of the pandemic-induced sell-off in 2020 when Nike stock fell below $63 per share for one day, only to rebound 15.2% the next day.
In this blog's Nike earnings preview earlier last week, it was noted that CFO Matt Friend's guidance for Nike's fiscal Q3 '25 was grim, and the inventory liquidation would likely last through fiscal Q4 '25. The gross and operating margins are going to get whacked pretty thoroughly again in Q4 '25 and then investors will likely see some revenue and margin stabilization thanks to cleaner inventory. Some think investors may not see material revenue growth until fiscal '27, which begins June 1, '26.
NKE's Q3 results and a soft Q4 outlook due to the looming effects of new tariffs and a shifting market landscape call for a cautious investment approach.
NIKE, Inc.'s stock dropped 5% post-earnings despite beating consensus due to low expectations and weak consumer engagement indicators like foot traffic and app downloads. Nike's net income fell 32% YoY, with gross margin down 330 basis points, driven by increased discounts and higher input costs. Consensus estimates suggest Nike's growth will be 4-5% through 2027, lagging behind S&P 500 constituents.