Nike has been losing market share in the shoe industry, and it's consequently moving on to a new CEO. Nike's new CEO has plenty of experience at the company and in the industry, which could be the requisite resume to lead a turnaround.
The latest trading day saw Nike (NKE) settling at $88, representing a +0.62% change from its previous close.
Nike's (NKE) stock price has been on a tear since the global shoe and athletic apparel company named Elliott Hill as its CEO last week.
Goldman Sachs analyst Brooke Roach reiterated the Buy rating on Nike, Inc. NKE with a price forecast of $105.
NKE embarks on a new chapter, guided by the expertise and industry knowledge of incoming CEO Elliott Hill. Here's how to approach the stock at this point.
Nike still has abundant opportunities in a $300 billion-plus sportswear market. Starbucks' new CEO should guide the stock to great returns in the coming years.
Nike Inc (NYSE:NKE, ETR:NKE)'s fiscal first quarter earnings are expected to be the “status quo” as the announcement of a new CEO will push out the reveal of the longer-term plan, analysts at Bank of America believe. The athletic apparel and footwear brand's Q1 earnings should mark the trough for sales growth and peak selling, general and administrative deleverage from investments in customer-facing events such as the Olympics, analysts wrote in a note to clients.
Nike (NKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Nike (NKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
With the Q3 earnings cycle just around the corner, many have shifted their focus to earnings. Apparel giant Nike (NKE) is among the batch of early releases, with its results expected on October 1st.
Nike's stock fell Monday, after J.P. Morgan warned investors that the athletic apparel and gear giant's quarterly results could cause a selloff.