NKE Nike, Inc Stock Price and Quote

Nike (NKE) stock fell nearly 6% in after-hours trading Thursday as the athletic apparel company provided a sluggish outlook for revenue that offset a better-than-expected quarterly earnings report. It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47. During the next 12 months, Nike stock price went through a tough period.

1. Nike, the perennially “cool” brand has a stock price that depends on it.
2. It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47.
3. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35.
4. Since 2004, the company began increasing the dividend on an annual basis.

On June 14th, 2017, NIKE’s stock price was at $54.66 before falling sharply to $51.10 by the end of the trading day on June 16th. This decline was followed by a rally resulting in a closing price of $60.14 on August 3rd. The stock remained at a high level for some https://www.topforexnews.org/news/components-of-a-back-office-system-for-forex/ weeks, but fell again sharply to bottom out at $51.07 on October 13th. On November 15th, Nike stock price closed at a price of $56.63. This represents an increase of over 11% compared to the low on October 13th and a year over year increase of almost 13%.

Explore the updated Options feature, providing in-depth data, and a 3D viewing option. Ike Boruchow, Wells Fargo Securities senior equity analyst, and John Kernan, TD Cowen research analyst, join ‘Power Lunch’ to offer the bull case for Nike and Lululemon. Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain.

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Since 2004, the company began increasing the dividend on an annual basis. Ten years later, on January 5th, 2015, Nike stock price reached $46.75. The growth rate of 312% within a decade tells the outstanding performance of NIKE’s stock in the 21st century. Nike beat Wall Street estimates for quarterly revenue on Thursday, as deep discounts https://www.day-trading.info/these-2-penny-stocks-could-rally-all-the-way-to-11/ on its athletic apparel and sneakers during the holiday season helped it reel in shoppers. NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products to retail stores, through its own stores, subsidiaries, and distributors.

In just one year’s time, the stock’s value had increased by 87%. Executives acknowledged that Nike’s direct-to-consumer strategy was not driving growth as expected and that it was losing ground in the running category. In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split. Shares in Europe’s top sportswear companies fell on Friday following a mixed set of results from Nike. Ike Boruchow, Wells Fargo, joins ‘Money Movers’ to discuss cutting his price target for Nike as it and Lululemon see a stock fall. Gain deeper insights into company revenues with a detailed analysis of revenue sources.

Nike Stock Price History by Markets Insider

Randy Konik, Jefferies lifestyle and growth platforms analyst, joins ‘Squawk Box’ to discuss quarterly earnings results from Lululemon and Nike, what it says about the state of the consumer, and more. Simeon Siegel, BMO Capital Markets senior analyst, joins ‘Closing Bell Overtime’ to discuss Nike and Lululemon quarterly results. According to 34 analysts, the average rating for tradeview markets service review NKE stock is “Buy.” The 12-month stock price forecast is $117.16, which is an increase of 24.82% from the latest price. Dana Telsey, Telsey Advisory Group CEO, joins ‘Closing Bell Overtime’ to discuss the state of the retail consumer following Nike and Lululemon earnings. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35.

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Nike hit a stock price of $5.11 on February 13th, 1998, which represented a decrease of 46% in only one year. Nevertheless, patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum. If Nike stock was still traded at a price of $5.76 on January 2nd, 2003, it had nearly doubled its value by January 3rd, 2005, when its closing price was $11.34.

The consumer is becoming ‘more erratic and price sensitive’, says Jefferies’ Randy Konik

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. Nike`s grip on the market comes down to a simple supply and demand formula, Josh Luber, CEO of sneaker reselling site StockX previously told Jefferies. This mostly applies to the sneaker market, but Nike losing its cool factor in one area of its business can seep into others. Nike, the perennially “cool” brand has a stock price that depends on it. Nike (NKE) reported third-quarter results that were better than Wall Street had been expecting.