Nike Stock Slides as Analyst Says Turnaround Will 'Take Time'
Shares of Nike tumbled Friday after the company delivered disappointing revenue guidance, with multiple analysts opting to ...
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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
It also had a negative impact on Foot Locker, which has long relied on Nike to drive sales and now doesn't receive the same assortment of products that it once did. In its push toward a direct ...
Nike price target lowered to $66 from $73 at UBS
UBS analyst Jay Sole lowered the firm’s price target on Nike (NKE) to $66 from $73 and keeps a Neutral rating on the shares. Nike’s Q3 report ...
Nike focused on ‘rightsizing’ key footwear styles as sales plunge 9%
Some analysts expected the retailer to take more drastic action on its oversold franchises, but CEO Elliott Hill still sees a place for the “beloved silhouettes.” ...
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Nike Plunges After Slashing Its Outlook and Announcing Cost Cuts as Demand Softens
Nike pointed to increased macroeconomic headwinds ... He said some examples would include “simplifying our product assortment, improving supply chain efficiency, leveraging our scale to lower ...
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Raymond James maintains Nike stock Market Perform rating
The forecast takes into account Nike’s ongoing product assortment adjustments, a deteriorating domestic market evidenced by weaker consumer confidence and negative readings in February ...