Nike Inc. (NKE) - NYSE
  • Thu, Jun. 2, 12:41 PM
    • While the Golden State Warriors look to repeat as NBA champions in their rematch with the Cleveland Cavaliers, retail analysts will have their eyes on the shoe match-up behind the game with star endorsers Stephen Curry and Lebron James on the big stage.
    • Slice Intelligence provides the preview of the Nike (NYSE:NKE) vs. Under Armour (NYSE:UA) contest with these data nuggets tipped to Seeking Alpha.
    • Sales of LeBron shoes outpaced Stephen Curry varieties in Q1 (7.27% LJ vs. 7.20% SC in January, 4% vs. 2% in February, 9% vs. 7% in March). Curry reversed the trend in Q2 (4% vs. 5% in April and 5% vs. 7% in May).
    • While Curry doesn't have a lot of help on the UA roster, Nike and James are still leaning heavily on the MJ factor. Looking at sales of the top four NBA player sneakers, 75% purchased online have been Nike’s Air Jordan, followed by Kobe’s Nike shoe (14%), LeBron (6%), and Under Armour’s Curry One/Two (5%).
    | Thu, Jun. 2, 12:41 PM | 24 Comments
  • Wed, Jun. 1, 9:03 AM
    • Nike (NYSE:NKE) is lower in early trading after taking on a downgrade from Morgan Stanley.
    • The investment firm moves to an Equal Weight position after having Nike positioned at Overweight and lowers its price target to $60.
    • The cooling off on Nike is tied in part to broad concerns over increased competition in the athletic apparel sector and specific indications that Q2 U.S. sales are tepid (on pricing).
    • MS on Nike: "Many new entrants are fragmenting the market and Nike is lapping five years of double-digit growth. Retail bankruptcies and consumers' shift to online shopping has created heavy excess inventory, which is causing LSD ASP declines.”
    • NKE -2.84% premarket to $53.66.
    | Wed, Jun. 1, 9:03 AM | 26 Comments
  • Tue, May 24, 5:35 PM
    • Top gainers, as of 5.25 p.m.: VALE +24.4%. CSC +19.2%. NMBL +11.6%. HPE +9.9%. DY +9.8.
    • Top losers, as of 5.25p.m.: TMST -13.8%. NKE -6.2%. QGEN -6.0%. SPWH -4.1%. DBVT -2.1%.
    | Tue, May 24, 5:35 PM | 9 Comments
  • Tue, May 24, 11:18 AM
    • Under Armour (UA +2.3%) is about to sign the largest sponsorship deal in college athletics history, according to ESPN's Darren Rovell.
    • Sources tip that a 15-year apparel and shoe deal with UCLA will be worth $280M. UCLA has been with Adidas since 1999.
    • Baltimore-based Under Armour has made a big push on the West Coast with the ink still drying on a deal with the University of California.
    • Nike (NKE +0.7%) has signed heavyweights University of Texas ($250M) and Ohio State ($252M) within the last seven months.
    | Tue, May 24, 11:18 AM | 38 Comments
  • Mon, May 23, 5:37 PM
    • Top gainers, as of 5.25 p.m.: QUNR +8.4%. NDSN +5.7%. CCXI +2.3%. SLB +2.2%. NKE +2.0%.
    • Top losers, as of 5.25p.m.: HES -4.9%. BAH -2.6%. WMGI -2.3%. PE -2.3%. OAS -1.7%.
    | Mon, May 23, 5:37 PM | 4 Comments
  • Mon, May 23, 10:27 AM
    • The U.S. footwear industry is expected to be big winner from the Trans-Pacific Partnership trade agreement, according to analysis from the U.S. International Trade Commission.
    • U.S. footwear imports are expected to increase by 2.7% or $1.1B vs. the 2032 baseline growth estimate, with the bulk coming from Vietnam at the expense of China.
    • Exports from the U.S. are seen increasing 12.2% as more parts are sent to Vietnam for final assembly.
    • TPP is anticipated to have a positive impact on U.S. output and footwear-related employment levels.
    • Footwear is the sector with the largest positive benefit from reduced tariffs in what could be a favorable development for margins.
    • Full U.S. ITC report (.pdf)
    • Related footwear stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
    | Mon, May 23, 10:27 AM | 9 Comments
  • Fri, May 20, 9:37 AM
    • Nike (NKE -1%) and Under Armour (UA +0.4%) are on watch after Foot Locker posts comparable-store sales growth well below estimates (+2.9% vs. +4.5% expected) for Q1.
    • A big part on how to read the impact of the numbers on NKE and UA depends on what it means when Foot Locker says it "navigated well through a variety of challenges, not least of which were rapidly-shifting product-category preferences by our customers."
    • Though both companies are selling more products directly to consumers (especially on the tech side), there's the question on if Foot Locker's sub-3% comp is a loss of market share or weakness in key footwear categories.
    • Previously: Foot Locker lower post Q1 results (May 20)
    | Fri, May 20, 9:37 AM | 9 Comments
  • Tue, May 17, 2:37 PM
    • The agent for Lebron James hints strongly to GQ that the basketball star's lifetime Nike (NYSE:NKE) is worth more than $1B dollars.
    • While it's been reported previously that the new James contract is the most valuable ever inked by Nike, the exact figure hasn't been disclosed by either party.
    • James is still on the spotlight this season with the Cleveland Cavaliers alive in the NBA post-season. He's also getting another turn on the big screen after signing on to play a role in the Space James sequel. The 4-time league MVP acted in Trainwreck last year. Perhaps most importantly, James has the potential to keep his shoe brand thriving after his retirement.
    • Full GQ interview
    • Previously: Nike to break the bank with new Lebron deal (Dec. 7, 2015)
    • Previously: A billion for Lebron, a trillion for Nike? (Dec. 9, 2015)
    | Tue, May 17, 2:37 PM | 27 Comments
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Fri, May 13, 4:24 PM
    | Fri, May 13, 4:24 PM | 20 Comments
  • Wed, Apr. 27, 10:36 AM
    • Shares of Adidas (OTCQX:ADDYY, OTCQX:ADDDF) trade at a premium to Nike (NKE -1.3%) for the first time in six years (h/t WSJ's Sara Germano) after the German sports company posted strong sales growth today to bring in new buyers.
    • On a forward look at earnings, Adidas has a 28 price/earnings multiple compared to the 24 P/E on Nike.
    • Both Adidas and Nike are set to benefit from the upcoming European soccer championship and Rio Olympics this summer.
    • Previously: Adidas Q1 earnings rise, ups 2016 guidance for second time (April 27)
    • Now read Nike: Just Add It
    | Wed, Apr. 27, 10:36 AM | 1 Comment
  • Wed, Apr. 20, 8:36 AM
    • Nike (NYSE:NKE) has cut ties with Johnny Manziel, according to ESPN.
    • Sources say the company terminated its relationship sometime after the NFL season ended. While Manziel's off-the-field escapades have been widely reported, the most serious incident may be the grand jury investigation in Dallas over an assault by the Heisman Trophy winner.
    • Manziel joins Lance Armstrong, Ray Rice, Adrian Peterson, Oscar Pistorius, and Manny Pacquiao on the list of Nike endorsers who lost their lucrative deals prematurely.
    | Wed, Apr. 20, 8:36 AM | 9 Comments
  • Mon, Apr. 18, 1:25 PM
    • Nike (NKE +0.1%) is dominating the online athletic shoe market, according to a data breakdown by Slice Intelligence. The research firm counted online sales made between January 2015 and March 2016.
    • The Oregon company commands 31.7% of the market to top e-commerce powerhouses Amazon (21.1%) and Zappos (13.5%). Finish Line (5.8%), Foot Locker (3.7%), and Under Armour (1.4%) are all much further down the list.
    • There's no question that Nike is still a juggernaut in the NBA player shoe game. A breakdown of the top four NBA player shoe sellers by revenue shows Nike Air Jordan with 72.4% of the total, followed by Nike Kobe (13.6%), Nike Lebron (9.7%), and Under Armour Curry One/Two (4.2%).
    | Mon, Apr. 18, 1:25 PM | 19 Comments
  • Mon, Apr. 18, 9:40 AM
    • Online retailer Fanatics won the right to determine who can use NFL players names and images in merchandise, according to Bloomberg.
    • Fanatics will replace Nike (NYSE:NKE) in March of 2017 as the NFL merchandise power broker after the NFL's players union decided it offers a more nimble service.
    • Privately-held Fanatics was valued at more than $3B during its last venture capital funding round.
    | Mon, Apr. 18, 9:40 AM | 2 Comments
  • Thu, Apr. 14, 1:36 PM
    • Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
    • The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
    • The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
    | Thu, Apr. 14, 1:36 PM | 81 Comments
  • Tue, Apr. 5, 2:10 PM
    • Credit Suisse analyst Christian Buss backs his Outperform rating on Nike (NKE -0.2%) after running a series of tests on order processing and delivery times.
    • Buss says the results increases his conviction that Nike will take market share in digital due to its strong execution.
    • The CS stopwatch showed that Nike's processing times averaged 28 hours to easily top Foot Locker (131 hours) and Finish Line (146 hours.) Nike's deliveries averaged 5.6 days vs. 7.9 days at Finish Line and 9.0 days at Foot Locker.
    • Buss ranks #720 out of 3,842 analysts rated at TipRanks.com.
    | Tue, Apr. 5, 2:10 PM | 5 Comments
Company Description
NIKE, Inc. designs, develops, markets and sells footwear, apparel, and equipment, accessories and services. Its athletic footwear products are designed primarily for specific athletic use, although a large percentage of the products are worn for casual or leisure purposes. It focuses on NIKE... More
Industry: Textile - Apparel Footwear & Accessories
Country: United States