Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Goldberg’s “Turbulent” Week: WWE Resignation Leadup vs. Gunther is hampered by tragedy, injury

Israel has Iron Dome, Arrow, Tard and Russia, while the US has a Golden Dome… But what is the Indian plan? The Deputy Chief of the Army makes a big statement

Lockheed Martin loses bid for the sixth generation fighter jet, but forgets the F-35 Plus program

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » Nike maintains Market Perform stock rating amid inventory issues
Fashion

Nike maintains Market Perform stock rating amid inventory issues

Adnan MaharBy Adnan MaharDecember 13, 2024No Comments3 Mins Read1 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


on friday, raymond (NS:) James maintained Market Perform ratings on the following stocks. nike (NYSE:NKE), reflecting concerns about the company’s recent performance and near-term growth prospects. Shares are down nearly 27% year-to-date, trading at $77.96.

According to InvestingPro analysis, Nike is currently trading at a high P/E of 22.3 relative to its near-term earnings growth. The financial services company has watched Nike struggle with legacy inventory and is doubtful it can quickly scale up new innovations needed to drive significant growth.

The analyst said Nike appears to have spent much of the second fiscal quarter dealing with inventory issues, but they may not have been resolved sufficiently to beat growth expectations. This is in line with data from InvestingPro, which shows that its revenue decreased by 2.83% over the past 12 months.

Data from a variety of channels, including Google (NASDAQ:) trends, mobile app usage, year-over-year promotional activity, and insights such as: foot locker (NYSE:)’s results suggest Nike continues to face hurdles.

Nike’s second fiscal quarter gross margin is expected to be impacted by increased promotions, consistent with Raymond James channel research results. During Cyber-5, Nike.com offered more promotions compared to previous years, and Foot Locker also stepped up its promotional efforts for Nike and Jordan products.

Despite these challenges, analysts aren’t ruling out the possibility of higher earnings per share (EPS) due to expense management. Nike maintains high profitability metrics with a gross profit margin of 44.97%.

However, they caution that even if expense management improves, market sentiment toward Nike stock is unlikely to change significantly at this stage. For deeper insight into Nike’s financial health and growth prospects, including 12 additional Pro Tips and comprehensive valuation metrics, check out InvestingPro’s complete analysis.

In summary, analysts believe it is premature to declare a turnaround for Nike and recommend a wait-and-see approach as the company tries to overcome its current challenges. Raymond James’ stance indicates a neutral outlook on Nike stock, suggesting investors maintain their current positions until there are more definitive signs of progress.

Other recent news includes Nike Inc. (NYSE:). A series of important developments were observed. The company reported that its revenue fell to $50.01 billion last year. Nevertheless, Nike has announced a 10-year extension to its partnership with the National Football League, with the goal of expanding the game’s global reach and improving player safety.

In the area of ​​financial analysis, Citi reiterates its buy rating on Nike, maintains a $102.00 price target, and expects Nike to post earnings per share of $0.58 in the second quarter of 2025. Meanwhile, Stifel maintained a “hold” rating on Nike stock and a $79.00 price target.

Despite recognizing the current challenges, Baird remains supportive of Nike and maintains an Outperform rating with a price target of $110.00. They expect a strong recovery by fiscal year 2026. Additionally, Nike has seen a change in leadership, with the appointment of Treasure Heinle as its new executive vice president and chief human resources officer.

Additionally, the company announced an 8% increase in its quarterly cash dividend, marking the 23rd consecutive year of increase. These are recent developments that continue to shape the story around Nike.

This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleBatman fans are divided over DCU casting – DC Comics
Next Article OpenAI CEO Sam Altman donates $1 million to President Trump’s inaugural fund
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

Louis Vuitton and Felix team from UNICEF’s Silver Rock Collection

July 3, 2025

Jaysinko got caught up in a fight on camera during livestream at Paris Fashion Week 2025 (video) | eSports News

June 30, 2025

Men’s Fashion Week S/S 2026: What to expect

April 12, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025154 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024104 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202466 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202451 Views
Don't Miss
AI June 1, 2025

Dig into Google Deepmind CEO “Shout Out” Chip Engineers and Openai CEO Sam Altman, Sundar Pichai responds with emojis

Demis Hassabis, CEO of Google Deepmind, has expanded public approval to its chip engineers, highlighting…

Google, Nvidia invests in AI startup Safe Superintelligence, co-founder of Openai Ilya Sutskever

This $30 billion AI startup can be very strange by a man who said that neural networks may already be aware of it

As Deepseek and ChatGpt Surge, is Delhi behind?

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Goldberg’s “Turbulent” Week: WWE Resignation Leadup vs. Gunther is hampered by tragedy, injury

Israel has Iron Dome, Arrow, Tard and Russia, while the US has a Golden Dome… But what is the Indian plan? The Deputy Chief of the Army makes a big statement

Lockheed Martin loses bid for the sixth generation fighter jet, but forgets the F-35 Plus program

Most Popular

ATUA AI (TUA) develops cutting-edge AI infrastructure to optimize distributed operations

October 11, 20020 Views

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.