Truist Securities upgraded shares of the apparel maker to Buy from Hold, and raised their price target to $97.
Piper Sandler out with a survey today saying Nike is still the #1 shoe brand for teens. The Investment Committee debate the retail trade.
JPMorgan analyst Matthew R. Boss flagged several troubling signs for Nike Inc NKE, which may have investors tightening their seatbelts.
These stocks should pay you extra cash for a long time.
Apparel maker Nike nearly doubled the pace of stock buybacks after an earnings disappointment sent shares sliding at the end of June.
Nike stock is down close to 25% this year.
On October 7, 2024, Nike Inc (NKE, Financial) filed its 10-Q report, revealing a mixed financial performance with revenues of $11.589 billion, a decrease from the previous year's $12.939 billion. Despite this decline, the company maintained a strong gross profit of $5.257 billion, though it was lower than the prior year's $5.720 billion.
Nike (NKE, Financial) shares declined more than 1.3%, closing at $81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of $11.589 billion, marking a 10% decrease compared to the previous year.
A turnaround is unlikely to happen overnight.
It's been a difficult ride for shareholders of this sportswear giant.
Nike is one of the most recognizable brand names in the world.
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