Nike, Inc. - Class B (NKE)
Nike Stock Sinks on Dismal Sales Forecast: What to Know
Nike stock is spiraling Friday after the athletic and apparel retailer missed sales estimates for its most recent quarter and lowered its outlook for its new fiscal year.
Investors In NKE Have The Opportunity To Lead The Securities Fraud Legal Action Against NIKE Inc With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / June 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against NIKE, Inc. ("Nike" or "the Company") (NYSE:NKE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 19, 2021 and March 21, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 19, 2024.
Why Nike Stock Is Losing Ground Today
Nike easily beat quarterly earnings expectations, but revenue fell year over year and came in below expectations. The apparel giant sees further sales declines in its new fiscal year.
Nike Stock Eyes Worst Day Ever After Dismal Outlook
Nike Inc (NYSE:NKE) stock is brushing off a fiscal fourth-quarter earnings beat, after the apparel retailer also reported a revenue miss after yesterday's close.
Nike Stock Falls to Bargain Basement After Analysts Slash Targets
Nike NYSE: NKE analysts are slashing their price targets and sending the stock to the bargain basement. The company's Q4 results were good enough, but the guidance brought fear into the broader consumer discretionary market.
Nike Q4 Earnings: The Sneaker Leader That Missed The Innovation Train
Nike reported Q4 FY24 earnings, with revenue growing 1% to $51.4B, driven by strength Performance products while profitability and cash flows improved. However, Lifestyle revenues declined in Q4, along with shrinking digital sales and uneven performance across geographies as macroeconomic uncertainty remains. The management has outlined that FY25 will be a year of transition as they refocus their innovation efforts on Performance products, while it optimizes its product portfolio and reignites brand momentum.
These Nike Analysts Are No Longer Bullish; Here Are Top 5 Downgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Nike Q4 Results: Selloff Presents Opportunity For Equity Bargain Hunters
Shares in Nike fell to levels last seen four years ago following a disappointing finish to its 2024 fiscal year. The company reported meager full-year sales growth and cut its fiscal 2025 guidance. Strength in their mainstay product lines were more than offset by weakness in its lifestyle categories.
Nike Falls Apart
24/7 Insights The latest Nike Inc. (NYSE: NKE) quarterly results show it is no longer a growth company.
Analysts revise Nike stock price target
Amid Nike (NYSE: NKE) posting a more significant sales decline than expected for the fiscal year of 2025, NKE shares have started to tumble, and certain Wall Street analysts have updated their NKE stock price expectations following the earnings report or in the days leading up to it.
Nike shares tumble as rivals start to steal sales
Nike Inc (NYSE:NKE, ETR:NKE) shares dropped by 13% in premarket trading after it warned that its 2025 full-year revenues would be lower than expected amid a downturn in demand. As newer brands such as Roger Federer's On and France's Hoka look to steal market share, Nike said it expects a mid-single-digit percentage drop in the current financial year.
August 19, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against NKE
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
