Nike Inc.NYSE
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  • Yesterday, 3:19 PM
    • Nike (NKE -2.8%) worked out a 12-year uniform sponsorship deal with England's Football Association, according to Sky News.
    • The £400M contract includes incentive payments if England advances deep into a major tournament.
    • An official announcement from Nike is expected within a few days.
    | Yesterday, 3:19 PM
  • Yesterday, 8:12 AM
    • Credit Suisse adds Planet Fitness (NYSE:PLNT) to its top picks (#2 - first pick remains Hanesbrands (NYSE:HBI)) in apparel & footwear, noting comp-store sale acceleration to high single digits.
    • Firm believes PLNT will deliver double-digit revenue growth and 20%+ EPS growth for several years.
    • Adds Coach (NYSE:COH) as #3 pick, noting stabilization in the core business and a possible acquisition narrative.
    • Says COH is best-positioned company in the affordableluxury accessory group.
    • CS dumps NKE ("we see better opportunities elsewhere") and LULU ("downgraded to Neutral") from top picks.
    | Yesterday, 8:12 AM | 14 Comments
  • Yesterday, 7:42 AM
    • Nike (NYSE:NKE) is giving back some of yesterday's +2.7% gain in premarket action after Cowen weighs in with a downgrade to Market Perform from Outperform.
    • Analyst John Kernan cites share loss acceleration to Under Armour and Adidas as those companies expand distribution.
    • He also warns on an elevated level of North America promotions. "NKE apparel (33% of the mix) is discounted 25% at DKS, KSS and other retailers," writes Kernan.
    • NKE -0.96% premarket to $51.35.
    | Yesterday, 7:42 AM | 5 Comments
  • Mon, Dec. 5, 1:43 PM
    • Nike (NKE +3.3%) is the biggest gainer in the Dow 30 after HSBC boosts its rating to Buy from Hold.
    • The investment firm sets lifts its price target by $4 to $60 on the Swoosh.
    • HSBC: "While we have been cautious for quite a while on the stock as we saw too much enthusiasm and were even scolded by many investors when we downgraded our rating to Hold 18 months ago, sentiment has turned in a very quick manner recently with caution on Nike becoming the latest fashion."
    | Mon, Dec. 5, 1:43 PM | 7 Comments
  • Tue, Nov. 29, 6:21 AM
    • Shoppers have finally got their hands on Nike's (NYSE:NKE) self-lacing, "Back to the Future Part II"-inspired sneakers after it went on sale in the U.S. Monday.
    • The HyperAdapt 1.0 shoe, which will retail at $720, is Nike's "first step into the future of adaptive performance."
    • That means the hi-top sneaker can sense how snugly it should be laced, without the wearer having to tighten and loosen it manually.
    | Tue, Nov. 29, 6:21 AM | 5 Comments
  • Fri, Nov. 25, 9:07 AM
    • Channel checks from Piper Jaffray indicate most of the consumer action last night was focused on toys, electronics and beauty.  The first two categories are business as usual for the shopping event, but strong traffic at beauty stores could be an extra boost for Ulta Salon (NASDAQ:ULTA), Sally Beauty Holdings (NYSE:SBH) and e.l.f. Beauty (NYSE:ELF).
    • The investment firm also cited solid demand for smartwatches at Fossil (NASDAQ:FOSL) and Michael Kors (NYSE:KORS) stores, while also calling footwear traffic (NKE, UA, FL, FINL, DECK) and conversion rates encouraging.
    • Source: Bloomberg
    • #BlackFriday
    | Fri, Nov. 25, 9:07 AM | 2 Comments
  • Thu, Nov. 17, 4:53 PM
    • Nike (NYSE:NKE) declares $0.18/share quarterly dividend, 12.5% increase from prior dividend of $0.16.
    • Forward yield 1.4%
    • Payable Jan. 3; for shareholders of record Dec. 5; ex-div Dec. 1.
    | Thu, Nov. 17, 4:53 PM | 28 Comments
  • Tue, Nov. 15, 2:48 PM
    • Nike's (NKE) highly-anticipated HyperAdapt 1.0 shoes will be priced at $720 per pair. The pricing is below some of the early projections for the self-lacing athletic shoes.
    • The product will be available beginning on December 1 at two of the company's stores in New York City before a wider national roll-out.
    • TechCrunch's HyperAdapt 1.0 review
    • Nike press release
    | Tue, Nov. 15, 2:48 PM | 27 Comments
  • Mon, Nov. 14, 8:26 AM
    | Mon, Nov. 14, 8:26 AM | 1 Comment
  • Sat, Nov. 12, 4:43 PM
    • Barron's speaks with several prominent money managers.
    • They are hopeful that Donald Trump will enact pro-growth tax and fiscal-stimulus policies, while avoiding overly protectionist measures.
    • Even though biotech stocks have already rallied 10%, fund manager Arun Daniel believes that the benefits of a Trump administration on the bottom lines of biotech and drug companies are not yet fully priced in.  ETFs: IBB, XBI, BIB, BBH, FBT, HQL, PBE, BIS, LABU, BBC, BBP, CNCR, LABD, UBIO, ARKG, ZBIO, LABS
    • He's also bullish on stocks leveraged to government-backed infrastructure spending, his favorites being Jacobs Engineering (NYSE:JEC) and Martin Marietta Materials (NYSE:MLM).
    • Some companies will likely be allowed to repatriate billions of dollars of profits at a low tax rate. Major beneficiaries could include Nike (NYSE:NKE), Procter & Gamble (NYSE:PG), Caterpillar (NYSE:CAT), Visa (NYSE:V) and Mastercard (NYSE:MA).
    • Neuberger Berman's Joseph Amato says that a Trump administration will be better for stocks than bonds. "If [Trump] takes a measured approach and gets some level of concessions for U.S. workers, the trade concerns may be much ado about nothing," Amato says. "But that's a big if."
    | Sat, Nov. 12, 4:43 PM | 211 Comments
  • Fri, Nov. 11, 9:56 AM
    | Fri, Nov. 11, 9:56 AM | 40 Comments
  • Sat, Nov. 5, 5:02 PM
    • Barron's notes that short interest in Nike (NYSE:NKE) ($1.9B) is at an all time high, +150% YTD. This suggests  there's more short-term pressure to come for Nike, it says.
    • Nike investors are used to better that 8% revenue growth, and it has been popular for so long that investors may have forgotten it's still subject to "fashion risk."
    • With the competition (UA and OTCQX:ADDYY/OTCQX:ADDDF among others) having "upped its game," growing short interest indicates some think things might get worse before they get better.
    | Sat, Nov. 5, 5:02 PM | 21 Comments
  • Mon, Oct. 31, 7:28 AM
    • Bank of America Merrill Lynch NKE)+to+Underperform/12183623.html" target="_blank">downgrades Nike (NKE) to an Underperform rating after having it previously set at Neutral.
    • The investment firm predicts an erosion of market share to Under Armour and Adidas in Asia and other key markets.
    • An update on futures orders will be the highlight of Nike's next earnings report due out in December.
    • Shares of Nike are down 1.85% premarket to $51.06 vs. a 52-week trading range of $50.71 to $68.19.
    | Mon, Oct. 31, 7:28 AM | 20 Comments
  • Tue, Oct. 25, 8:50 AM
    • Shares of Nike (NYSE:NKE) are being pulled down in early trading after Under Armour warns on its conference call of Q4 revenue growth below expectations (+20% vs. 22% consensus).
    • Under Armour CEo Kevin Plank also gave a broad warning on margins.
    • NKE -2.20% premarket to $50.73, just a fraction of the 16% drop in UA.
    | Tue, Oct. 25, 8:50 AM | 11 Comments
  • Mon, Oct. 24, 9:35 AM
    • The Apple Watch Nike+ goes on sale on October 28.
    • The new smartwatch features Nike's sports bands and integration with the Nike+ Run Club app.
    • The trademark Nike (NYSE:NKE) swoosh is also on the Apple Watch variety.
    • Apple press release
    | Mon, Oct. 24, 9:35 AM | 9 Comments
  • Fri, Oct. 21, 9:09 AM
    • Under Armour (NYSE:UA) will start selling the Curry 3 basketball shoe line next week when the NBA opens its season, according to ESPN.
    • The first colorway of the Curry 3 is called the Dub Nation Heritage and features the colors of the Golden State Warriors (Curry 3 picture).
    • The list price is $140, higher than the initial pricing on the the first Curry shoe, the Curry Two, and the Curry 2.5.
    • Naturally, Nike (NYSE:NKE) has a full slate of new basketball shoes ready for the new NBA season and holiday rush. Notable products include the Kyrie3, LeBron 14, Air Jordan 1 Black Toe and Zoom KD9.
    • Don't count out Adidas (OTCQX:ADDYY, OTCQX:ADDDF) just yet. The company is selling James Harden shoes and is betting on young stars after signing six of the top ten NBA picks this year (Brandon Ingram, Jaylen Brown, Dragan Bender, Kris Dunn, Jamal Murray and Thon Make) .
    | Fri, Oct. 21, 9:09 AM | 9 Comments