NKE faces a $1B hit from fading classics but bets on fresh launches and sport-led innovation to spark recovery.
Despite near-term EPS headwinds and China/wholesale uncertainty, I reiterate my Buy rating on Nike for long-term investors. Short-term challenges, including tariffs and negative EPS revisions, are likely temporary. Nike's strong ROCE and reinvestment rates support double-digit long-term growth even under my more conservative projections.
NKE emphasizes innovation and cultural scale, while SKX expands globally with comfort and value-driven growth.
Nike (NKE) closed the most recent trading day at $76.39, moving 1.05% from the previous trading session.
Knight and his wife are making a record private gift to Oregon Health & Science University amid broader battles over public funding for higher education.
The Knight Foundation said the gift that will be used to shift the scientific approach to cancer treatment, research and patient care outcomes.
Nike co-founder Phil Knight is donating $2 billion to the Oregon Health and Science University's Cancer Institute. The Knight Foundation says it's the single largest donation ever to a U.S. university, college or health institution.
Recently, Zacks.com users have been paying close attention to Nike (NKE). This makes it worthwhile to examine what the stock has in store.
NKE's EMEA strategy drives growth by building on marketplace streamlining and boosting NIKE Digital through an integrated channel approach.
NKE's digital push gains pace with premium online strategies, but retail softness and China recovery remain hurdles.
JD Sports Fashion PLC (LSE:JD.) has long ridden in Nike's slipstream.
Nike's fundamentals have deteriorated, but recent management changes and innovation efforts offer a path to recovery and renewed growth. Despite significant stock appreciation, I see further, though more modest, upside potential, justifying my continued soft "buy" rating. Valuation is elevated versus peers, but only modest profit and cash flow improvements are needed for fair value based on historical norms.