Several analysts lowered their price targets for Nike's (NKE) stock Friday, concerned its turnaround could take longer than expected after the athletic apparel giant offered a sluggish outlook.
NKE Q2 results reflect soft traffic and retail sales, partly offset by gains during the quarter's major consumer events. It is on track with Elliott's plans.
Simeon Siegel, senior retail analyst at BMO Capital Markets, joins CNBC's 'The Exchange' to discuss why Nike's stock could turn around, what the company can do to increase investor confidence, and more.
NIKE stock is down 30% YTD and 56.75% off its all-time high, presenting a buying opportunity for patient investors believing in mean reversion. New CEO Elliott Hill emphasizes a pivot back to sports focus, reinvesting in brand storytelling, and rebuilding trust with wholesale partners. Despite recent underperformance, Nike's solid balance sheet, 10-year high dividend yield, and low P/E ratio make it a strong buy for long-term investors.
Aneesha Sherman, Bernstein analyst, joins 'Squawk on the Street' to discuss if Nike's CEO can fix the company's problems, how quickly the wholesale relationships can be fixed, and much more.
Nike (NKE) reported fiscal second quarter earnings beating Wall Street estimates on the top and bottom lines. The report marks the athletic wear company's first quarterly results since Elliott Hill took over as CEO, offering insight into what investors can expect under the new leadership.
Nike Inc NKE analysts are highlighting the company's new turnaround plan under CEO Elliott Hill with a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company's second-quarter financial report.
In this video, I will go over Nike's (NKE -0.92%) second-quarter earnings report and explain why the stock is dropping. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Nike Inc (NYSE:NKE, ETR:NKE) is in store for a nervous trading session today as pre-market trades point to over 5% of losses when markets open. The sportswear giant beat expectations in its second-quarter earnings report on Thursday, but revenue growth still eludes the NYSE-listed group.
Pivotal Advisors' Tiffany McGhee discusses the potential for more market volatility going into the new year, following the Fed's hawkish shift and shutdown drama in Washington, plus highlights why she believes Nike is attractive post-earnings.
CFRA analyst Zachary Warring discusses Nike's latest results, and the tough road ahead laid out by new CEO Elliott Hill to turn the business around.