Nike is a global leader in athletic apparel, footwear, and accessories, recognized for its iconic brand. NKE currently faces revenue headwinds from slower demand and tariffs, impacting its near-term growth outlook. The stock trades at a forward P/E of 43, significantly above both industry and S&P 500 averages, raising valuation concerns.
Nike's activewear line with Kim Kardashian's Skims is set to launch on Friday with three core collections that will be updated seasonally. The companies had planned to launch the partnership, called NikeSKIMS, in the spring, but they pushed it back due to internal production delays.
Nike (NKE) closed the most recent trading day at $70.89, moving 1.68% from the previous trading session.
Zacks.com users have recently been watching Nike (NKE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NKE, SFM and PTON have promising growth drivers, making them strong health and fitness picks.
Nike (NKE) closed at $73 in the latest trading session, marking a -1.79% move from the prior day.
Nike faces no shortage of concerns about competition and tariffs, but one analyst on Wednesday said the sneaker and athletic-gear maker might be turning the corner on both.
Nike is planning to lay off less than 1% of its corporate staff. The move is part of CEO Elliott Hill's efforts to realign how teams are structured across the business.
NKE's rally under its Win Now reset fuels optimism, but lofty valuations and near-term headwinds keep investors cautious.
In the most recent trading session, Nike (NKE) closed at $78.38, indicating a +2.89% shift from the previous trading day.
DECK builds momentum with HOKA and UGG growth and global expansion, while NKE faces revenue pressure and China weakness.
Nike is rebounding with a new CEO, improved tariff clarity, and a focus on core strengths, despite mixed retail sector earnings. Q4 earnings beat expectations, and technical indicators point to a bullish setup, with a potential breakout target near $108 per share. Valuation remains attractive, as shares trade below historical averages, offering about 10% upside to normalized fair value.