Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
Nike's turnaround effort is taking longer than Wall Street had expected. The road to Nike's turnaround looks bumpier after its latest quarterly report. Nike ( NKE ) shares were recently down 14% to $45.20, trading at their lowest levels since October 2014, after the athletic apparel giant issued a disappointing sales outlook After the closing bell Tuesday, Nike reported fiscal third-quarter results that topped Wall Street expectations, but the company predicted that sales would decline 2% to 4% in the current quarter, while analysts had been projecting growth. Nike predicts that its sales in China will drop 20% in the fiscal fourth quarter, after a 10% decline last quarter, a slump that has offset gains in its North American business. JPMorgan analysts downgraded their rating on Nike stock to neutral from "overweight," slashing their price target to $52 from $86. The analysts said they now expect Nike's operating margins to take longer to improve than they had previously expe
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NKE
News
- NIKE (NKE) had its price target lowered by Evercore Inc from $69.00 to $57.00. They now have an "outperform" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Robert W. Baird from $85.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Jefferies Financial Group Inc. from $110.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Citigroup Inc. from $65.00 to $53.00. They now have a "neutral" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Stifel Nicolaus from $65.00 to $56.00. They now have a "hold" rating on the stock.MarketBeat
NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- 3/9/26 - Form 8-K
- NKE's page on the SEC website