|Bid||90.45 x 900|
|Ask||90.55 x 800|
|Day's Range||89.93 - 90.59|
|52 Week Range||82.22 - 131.31|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||28.02|
|Earnings Date||Sept 28, 2023|
|Forward Dividend & Yield||1.36 (1.50%)|
|Ex-Dividend Date||Sept 01, 2023|
|1y Target Est||121.90|
Nike (NKE) was downgraded by Jefferies ahead of the company’s first-quarter earnings, which will be released on Thursday, September 28th. Forrester Research Research Analyst Sucharita Kodali joins Yahoo Finance Live to discuss what to watch from the company's results. “The challenge is... that Nike has been very dependent on the Asian market, certainly on the Chinese consumer," Kodali says. “Not only do you have issues with the softening of the Chinese consumer and their spending ability, but also just a lot of… geopolitical risk." Kodali notes that “the biggest issue for a company like Nike is if there is a glut of inventory, that may potentially have an impact on whether or not the brand is as desirable because so much of the value of the most desirable products is the scarcity, not the oversupply.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Nike (NKE) shares are slightly down in early trading as the stock received a downgrade from Jefferies from "buy" to "hold," as well as a price target of $100 a share. Yahoo Finance Live discusses the reasons for the downgrade, including macro headwinds in China and reduced consumer spending in the United States. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Adidas' newest running shoes, worn by Ethiopia's Tigist Assefa on Sunday to set a new women's marathon world record in Berlin, went on sale on Tuesday with an eye-watering price tag that will test the enthusiasm of amateur runners. Adidas, its bigger rival Nike and other sports brands, have been locked in a "supershoe" war for years, since the first running shoes containing a thick, shock-absorbing foam and carbon fibre plate helping athletes run more efficiently, were released. At $500 a pair, the Adizero Adios Pro Evo 1 cost $225 more than Nike's equivalent Alphafly 2, raising the question of how many amateur runners will swallow the extra cost.