Nike: Still An Attractive Entry Point
Nike shares remain a BUY due to attractive entry points from recent price declines and expected steady growth as the product range is refreshed. NKE's financial outlook slightly lowered due to weaker-than-expected sales and foot traffic, with revenue forecasts adjusted for 2025 and 2026. Gross margin expected to decline by 90 bps y/y, reflecting conservative assumptions and uncertainty about the new CEO's strategy.
Positive reception of new Nike CEO should translate into better results: Williams Trading's Poser
Sam Poser, Williams Trading senior research analyst, joins 'Closing Bell Overtime' to talk Nike as a new CEO takes the reigns.
Is Nike Laced Up and Ready to Go?
A new CEO is hoping to turn the iconic brand around.
'Just don't buy it': Jefferies' Randy Konik on Nike
Randy Konik, Jefferies managing director, joins CNBC's 'Money Movers' to discuss expectations for Nike's new CEO, what should Wall Street make of the transition, and more.
Nike: 3 things the new CEO must do to revive the brand
Athletic apparel giant Nike (NKE) ushers in a new era as former executive Elliott Hill returns to take the reins as president and CEO today. His mission is to revitalize the iconic brand and restore its powerhouse status.
Nike Stock: Ready to Slingshot Higher as New CEO Takes the Helm
The former CEO of athletic apparel and footwear giant Nike Inc. NYSE: NKE returns on Oct. 14, 2024, ushering in a possible clean slate for the company's operating woes. Nike has suffered declining sales as competitors in the consumer discretionary sector, like On Holding AG NYSE: ONON and Skechers U.S.A.
This is the 'million dollar question' for the new Nike CEO
Elliott Hill is officially assuming the mantle as Nike (NKE) CEO and president on Monday after the ousting of John Donahoe. Nike shares have fallen by 25% year-to-date in 2024.
Nagel: This is the step in the right direction for Nike.
Brian Nagel, Senior Analyst at Oppenheimer & Co., discusses Elliott Hill's appointment as Nike's CEO. He believes this change signals a 'back to basics' strategy focused on product innovation and rebuilding relationships with wholesale partners.
It's the first day for Nike's new CEO. He has a long road ahead.
Nike veteran Elliott Hill started as the new CEO on Monday. Hill takes the helm as the company is facing multiple challenges.
If You Bought 1 Share of Nike at Its IPO, Here's How Many Shares You Would Own Now
How many shares would you have now if you had bought Nike at its IPO? The answer might surprise you, especially if you took advantage of a DRIP plan.
Down 55%, This Blue Chip Stock Is a Good Buy for Long-Term Investors
New leadership and a refocus on its core strengths should help Nike in this transition period.
