According to 33 analysts, the average rating for NKE stock is “Buy.” The 12-month stock price forecast is $116.34, which is an increase of 23.61% from the latest price. On June 14th, 2017, NIKE’s stock price was at $54.66 before falling sharply to $51.10 by the end of the trading day on June 16th. This decline was followed by a rally resulting in a closing price of $60.14 on August 3rd. The stock remained at a high level for some weeks, but fell again sharply to bottom out at $51.07 on October 13th. The current trend, however, is clearly pointing upwards. On November 15th, Nike stock price closed at a price of $56.63.
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- Nike Inc. on Friday said that some 740 employees at its global headquarters in Oregon will have been laid off by June 28, as the sports-apparel giant tries to trim expenses amid weaker sneaker demand.
- Bank of America upgrades Nike (NKE) shares to a Buy rating from a Neutral rating.
- On December 3rd, 1990, Nike stock price closed at $1.10.
- Since 2004, the company began increasing the dividend on an annual basis.
- The current trend, however, is clearly pointing upwards.
NIKE, Inc. sells athletic footwear, apparel, equipment, and accessories in the U.S. and internationally. NIKE was founded in 1964 and is headquartered in Beaverton, OR. Nike Inc. on Friday said that some 740 employees at its global headquarters in Oregon will have been laid off by June 28, as the sports-apparel giant tries to trim expenses amid weaker sneaker demand.
Stock Details
Nike hit a stock price of $5.11 on February 13th, 1998, which represented a decrease of 46% in only one year. Nevertheless, patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum. kraken forex If Nike stock was still traded at a price of $5.76 on January 2nd, 2003, it had nearly doubled its value by January 3rd, 2005, when its closing price was $11.34. Since 2004, the company began increasing the dividend on an annual basis.
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Ten years later, on January 5th, 2015, Nike stock price reached $46.75. The growth rate of 312% within a decade tells the outstanding performance of NIKE’s stock in the 21st century. Nike`s grip on the market comes down to a simple supply and demand formula, Josh Luber, CEO of sneaker reselling site StockX previously told Jefferies. This mostly applies to the sneaker market, but Nike losing its cool factor in one area of its business can seep into others. Nike, the perennially “cool” brand has a stock price that depends on it.
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This represents an increase of over 11% compared to the low on October 13th and a year over year increase of almost 13%. Lorraine Hutchinson, retail analyst at BofA Securities, joins ‘Money Movers’ to discuss why Nike’s earnings estimates look achievable, how Nike lost the innovation edge, and more. Matthew Boss, JPMorgan retail analyst, joins ‘Squawk on the Street’ to discuss Boss’ thoughts on American Eagle’s ‘secret sauce’, what the retail analyst likes with Levi Strauss, and more.
Approximately 740 employees will be laid off from the company’s Oregon headquarters.
Bank of America Securities Analyst Lorraine Hutchinson — who was behind the stock call — wrote that “estimates finally… According to a recent survey from Piper Sandler, Nike (NKE) remains the number one brand for teenage consumers across https://forex-review.net/ footwear and apparel. In addition, luxury athleisure brand Lululemon (LULU), which… Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying that it’s tough to build disruptive products on Zoom.
NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products to retail stores, through its own stores, subsidiaries, and distributors. NIKE, Inc., together with its subsidiaries, https://forexbroker-listing.com/forex-brokers/ designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47. During the next 12 months, Nike stock price went through a tough period.
In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split. On December 3rd, 1990, Nike stock price closed at $1.10. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35. In just one year’s time, the stock’s value had increased by 87%. Bank of America upgrades Nike (NKE) shares to a Buy rating from a Neutral rating.
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