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Nike Inc. (NKE)

- NYSE
  • Wed, Apr. 15, 1:13 PM
    • Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
    • The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
    • Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
    • Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
    • Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
    | 4 Comments
  • Mon, Apr. 13, 12:36 PM
    • Nike (NKE -0.2%) has launched its largest global marketing effort to date aimed at women.
    • The #BetterForIt campaign launched with an ad (video) during last night's MTV Movie Awards featuring everyday women - instead of famous athletes and supermodels.
    • The company has 70M women in its digital community already giving it an ample crowd to target before even stepping outside the Nike ecosystem.
    • Execs have gone on record as saying Nike can grow women's sales by 40% to $7B by 2017.
    • Nike's increased push into women's products is being watched to see if has an impact on Lululemon (LULU -0.7%) with its higher price points.
    • Lululemon is also looking for growth in new markets and categories as tougher comps loom in the second half of the year.
    • The athleisure market is seen by many as growing fast enough to keep investors of both Nike and Lululemon satisfied.
    • Nike is +40.1% over the last 52 weeks and Lululemon is +31.4%.
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  • Wed, Apr. 1, 12:42 PM
    • Citigroup is more bullish on Nike (NKE -1.3%) than Adidas or Under Armour.
    • Analyst Kate McShane sees Nike's supply chain innovation, digital growth potential, and global brand advantage as setting it out in front in the athletic apparel space.
    • Investors can also expect more dividend hikes and buybacks from Nike than its peers stuck in catch-up mode.
    • Shares are rated at Buy and assigned a price target of $120 by Citi.
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  • Fri, Mar. 20, 9:23 AM
    | 2 Comments
  • Fri, Mar. 20, 8:10 AM
    • Morgan Stanley weighs in on Nike (NYSE:NKE) after the company posted FQ3 earnings last night.
    • The investment firm sees broad strength behind the F/X pain and says 23% futures growth in China was particularly noteworthy.
    • Nike has the potential to smooth out F/X swings through its global reach, says MS in calling for FY16 EPS upside.
    • Investors may start rotating into Nike as a 2016 Rio Olympics trade as early as next fall.
    • "Nike is our top OW [overweight] idea," reads the Morgan report.
    • Previously: Nike beats by $0.05, misses on revenue (Mar. 19 2015)
    • Previously: Global orders at Nike top expectations (Mar. 19 2015)
    • Previously: Nike tops $102 after providing FQ4/FY16 guidance (Mar. 19 2015)
    • NKE +4.76% premarket to $102.99.
    | 4 Comments
  • Thu, Mar. 19, 6:16 PM
    • Nike (NYSE:NKE) guides on its FQ3 CC (webcast) for FQ4 revenue to be up by a low double-digit % Y/Y in constant currency; consensus (in actual dollars) is for revenue to rise 5.1%. Gross margin is expected be flat to up 25 bps.
    • FY16 (ends May '16) EPS is expected to be up by a high-single to low-double digit %; consensus is for EPS to rise 13% to $4.04.
    • Nike is coming off an FQ3 in which a strong dollar had a 600 bps impact on revenue growth and a 900 bps impact on futures growth. Many other U.S.-based multinationals can relate.
    • NKE +4.5% AH to $102.73, making new highs in the process.
    • FQ3 results, details
    | 6 Comments
  • Thu, Mar. 19, 4:27 PM
    • Nike (NYSE:NKE) reports F/X clipped a full six percentage points off of growth during FQ3.
    • Revenue by brand (ex-currency): Nike +11% to $6.9B, Converse +33% to $538M.
    • Global futures orders rose +2% (+11% ex-currency): North America +15%, Western Europe -14%, Central/Eastern Europe -1%, Greater China +22%, Japan -4%, Emerging Markets -17%. Analysts expected a +1% mark.
    • Gross margin +140 bps Y/Y to 45.1% as the company benefited from a shift in mix amid product innovation.
    • Inventories +12% Y/Y.
    • S&A expense rate +80 bps to 31.9%.
    • Effective tax rate +190 bps to 24.4%.
    • Previously: Nike beats by $0.05, misses on revenue
    • NKE +1.01% after hours to $98.98.
    | Comment!
  • Thu, Mar. 19, 4:16 PM
    • Nike (NYSE:NKE): FQ3 EPS of $0.89 beats by $0.05.
    • Revenue of $7.46B (+7.0% Y/Y) misses by $160M.
    • Shares -0.9%.
    • Press Release
    | 4 Comments
  • Thu, Mar. 19, 8:39 AM
    • Under Armour (NYSE:UA) is drawing praise for its increased presence in college basketball.
    • "It’s really important from an athletic credibility point of view to have the teams that win or do well in college sports," notes NPD Group's Matt Powell.
    • The company has its best chances for broad exposure in this year's NCAA college basketball tournament with Maryland and Notre Dame wearing its uniforms, but things get really interesting next year when Michigan, Texas, Michigan State, Indiana, Wisconsin, and Virginia all have their apparel contracts expire.
    • Nike (NYSE:NKE) found out with the race for Kevin Durant's shoe contract that the presence of Under Armour in the bidding can drive up the contract value.
    • Some analysts see the risk on the UA side as it goes up against the battle-tested Swoosh over shoe and uniform deals.
    • Last year, Under Armour grew its footwear sales by 44% to $431M.
    • Under Armour closed at an all-time high yesterday of $80.03.
    • Previously: NCAA tournament: Under Armour a bigger player, Nike with 71% logo share (Mar. 17 2015)
    | 8 Comments
  • Wed, Mar. 18, 5:35 PM
  • Tue, Mar. 17, 2:45 PM
    • Under Armour's (UA +1.7%) increased presence in basketball is on display this week with the company's logo on the uniforms of six different teams in the NCAA college basketball tournament, compared to just one a year ago.
    • Nike (NYSE:NKE) has 48 teams in the tournament - including two wearing the Jordan Brand logo - compared to 45 last year. The company is in good shape with three of the four top seeds wearing the swoosh.
    • Adidas (OTCQX:ADDYY, OTCPK:ADDDF) is down to 11 teams from 18 a year ago.
    • Berkshire Hathaway property Russell Athletic landed three teams in the Big Dance vs. four a year ago.
    • Previously on Under Armour and basketball.
    | 12 Comments
  • Tue, Mar. 17, 9:19 AM
    • Sterne Agee recommends buying Foot Locker (NYSE:FL) over Nike (NYSE:NKE) to capture the expected growth in the running and basketball shoe categories.
    • D.A. Davidson is also cautious on Nike in front of earnings later this week. The firm forecasts future orders of 11% for the Swoosh, but warns on stronger F/X and competitive headwinds in FY16. Shares are rated Neutral with a $101 price target ($110 5-year PT).
    • The aggressive push by Under Armour into running and basketball shoes is seen as another reason to buy Foot Locker to capture Nike's growth without some of the risk.
    • The other side of the argument is Nike's growing tech presence which a Foot Locker investment fails to capture.
    • Previously: Futures growth and F/X impact sized up on Nike ahead of earnings (Mar. 16 2015)
    | 2 Comments
  • Mon, Mar. 16, 12:48 PM
    • Adidas (OTCQX:ADDYY, OTCPK:ADDDF) says it won't bid on renewing a supplier deal with the NBA when its current contract with the league runs out after the 2016-2017 season.
    • The development leaves Nike (NYSE:NKE) and Under Armour (NYSE:UA) as the two companies likely to make an aggressive play to land the high-exposure NBA deal.
    • The decision from the German company could tip off it will focus in different areas in the U.S. after it lost considerable basketball market share over the last few years.
    • Previously: Intense bidding expected on next NBA contract (Mar. 11 2015)
    | 11 Comments
  • Mon, Mar. 16, 11:25 AM
    • Nike (NKE +0.7%) is backed by Credit Suisse ahead of earnings with a reiterated Outperform rating, although the investment firm lowered its price target to $99 from $102.
    • The investment firm expects Nike to announce global futures growth of 9% when it reports FQ3 results on Thursday. Nike recorded 11% futures growth in FQ2 and FQ1.
    • CS joins the bandwagon of retail analysts expecting athletic footwear demand to remain strong.
    • Most of the recent caution on Nike is focused on the impact of F/X translation.
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  • Wed, Mar. 11, 10:18 PM
    • There's some intrigue building over which sports company will land the next contract to sponsor NBA uniforms and other apparel.
    • Major player #1: Adidas (OTCQX:ADDYY, OTCPK:ADDDF) paid $400M in 2006 to secure the rights through the 2017 season, a mark that could be blown away in the next round of bidding. Despite the expected hefty price tag, the German company's struggles in the U.S. raises the importance of the NBA contract.
    • Major player #2: Nike (NYSE:NKE) is likely to play to some strong defense to protect its formidable basketball shoe market share. Analysts think the Swoosh could use a broad NBA partnership as a complement to the Jordan brand which is showing its age a bit.
    • Major player #3: Under Armour (NYSE:UA) is looking to build basketball momentum after scoring a well-timed Stephen Curry partnership and shoe introduction. At last count the sport only accounted for 1% of UA's revenue.
    • Citigroup notes the NBA's growing international presence makes the contract even more valuable to growth-minded sports apparel sellers.
    | 6 Comments
  • Fri, Mar. 6, 9:31 AM
    • Nike (NYSE:NKE) announces it will launch partnerships with Garmin, TomTom, Wahoo Fitness, and Netpulse in an effort to broaden the Nike+ running community.
    • The development follows in line with a plan of Nike to focus on the app/software side of fitness over hardware.
    | Comment!
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Company Description
Nike Inc designs, develops and markets footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and internet websites.