Nike stock news
Here are some recent news articles and updates about Nike's stock:
Recent News:
- Nike's Q4 Earnings Beat Expectations: Nike reported its Q4 earnings on June 24, 2022, beating analysts' expectations with a revenue of $12.3 billion and a net income of $1.4 billion. (Source: CNBC)
- Nike Partners with Peloton: Nike announced a partnership with Peloton, a fitness company, to create a line of co-branded fitness equipment and apparel. (Source: Bloomberg)
- Nike's Digital Sales Surge: Nike reported a 47% increase in digital sales in Q4, driven by strong demand for its online products and services. (Source: The Wall Street Journal)
- Nike's Sustainability Efforts: Nike announced its goal to become carbon neutral by 2025, and has made significant progress in reducing its environmental impact through sustainable manufacturing and supply chain practices. (Source: Forbes)
Stock Performance:
As of August 2022, Nike's stock (NKE) is trading at around $120 per share, with a market capitalization of over $250 billion. Here's a brief overview of its stock performance over the past year:
- 1-year return: +15.6%
- 3-year return: +43.1%
- 5-year return: +64.5%
Analyst Estimates:
According to Refinitiv, the average analyst estimate for Nike's Q2 2023 earnings is $0.83 per share, with a high estimate of $0.93 and a low estimate of $0.73. The average analyst estimate for Nike's Q3 2023 earnings is $0.92 per share, with a high estimate of $1.03 and a low estimate of $0.81.
Risk Factors:
As with any stock, there are risks associated with investing in Nike. Some of the key risks include:
- Competition from other athletic apparel companies, such as Adidas and Under Armour
- Fluctuations in global demand for athletic apparel and footwear
- Supply chain disruptions and manufacturing issues
- Economic downturns and changes in consumer spending habits
Investment Thesis:
Nike is a well-established and successful company with a strong brand and a diverse portfolio of products and services. The company has a history of innovation and has made significant investments in digital marketing and e-commerce. While there are risks associated with investing in Nike, the company's strong brand and financial performance make it an attractive investment opportunity for many investors.