NKE Stock Recent News

Nike's share price has fallen significantly due to slower growth, but its strong fundamentals and the return of a former CEO make it a buy. Despite recent revenue misses, Nike's robust free cash flow and aggressive share repurchase program support long-term growth and dividend safety. Nike's competitive advantages include strong brand recognition, global operations, and high R&D spending, positioning it well against competitors.

More than a few companies that did well in the past are out of favor with investors. And that could spell opportunity.

Nike (NKE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

These stocks have seen better days but investors shouldn't count them out in the long run.

SALT LAKE CITY--(BUSINESS WIRE)--Kizik, the leader in hands-free footwear, proudly announces the addition of Andreas Harlow as Senior Vice President of Design. Harlow, an industry heavyweight with over two decades of transformative experience at Nike Inc., steps into his new role building on an illustrious career that has shaped the design of some of the world's most iconic shoes. At Nike, Harlow most recently served as VP/Global Footwear Creative Director for Jordan Brand, creatively fueling t.

Nike's stock, previously rated as a "Sell" due to high valuation, has declined 37% since 2020, making its valuation multiples more reasonable. Despite recent revenue and earnings declines, Nike's long-term fundamentals remain strong, with a wide economic moat and consistent performance. Analysts expect Nike's bottom line to grow at a CAGR of 9.09% over the next decade, supported by market share gains and share buybacks.

Nike (NKE) concluded the recent trading session at $77.98, signifying a +1.02% move from its prior day's close.

Inflation is under control in developed economies and emerging countries, a combination that is difficult to achieve and that benefits the consumer sector. Nike has the best financial fundamentals among its competitors, and the most attractive valuation in the last 3 years. The combination of the above factors with the change of CEO, which will bring a new route for sales growth, could be a great opportunity for the investor.

Nike's Q1 FY25 earnings report showed a 10% revenue decline and a 26% drop in earnings, driven by lower unit sales and traffic declines. Despite ongoing headwinds, the management is optimistic about performance in the second half, focusing on newness and innovation in Performance Sports. I have upgraded Nike to a "hold" rating with a price target of $80, as comps should improve as long as it sticks to its long-term strategic plan of Performance Sports innovation and powerful storytelling.

The latest trading day saw Nike (NKE) settling at $77.19, representing a -1.11% change from its previous close.