Nike's (NYSE: NKE) stock was sprinting ahead in after-hours trading on Friday following the post-market release of its results for the second quarter of fiscal 2021. As with other retailers across the sector, Nike outlets had to contend with mandatory closures in certain locations during part of the quarter. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In NIKE’s investor call for Q4 ending May 31, 2020, John J. Donahoe, president and CEO NIKE Inc. and Matthew Friend, executive vice president … Nike stock price had increased by 511% in a decade. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Can Lululemon Unseat Nike as the Top Activewear Company? Updated daily, it takes into Enter up to 25 symbols separated by spaces. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. Nike and Adidas are both looking to grow revenue and earnings over the coming years, with Nike geared more toward high-growth China, while Adidas is looking to bolster market share … In depth view into Nike Market Cap including historical data from 1980, charts, stats and industry comps. BEAVERTON, Ore., Mar. NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47. Despite its fame, Nike … Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Commerce Policy | What this could mean for investors On average, Wall Street analysts are forecasting that Nike will report revenue of $10.55 … The current trend, however, is clearly pointing upwards. This mostly applies to the sneaker market, but Nike losing its cool factor in one area of its business can seep into others. The result Nike reported was a loss of 51 cents per share. Ten years later, on January 5th, 2015, Nike stock price reached $46.75. The Motley Fool owns shares of and recommends Nike. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. In April 2020, Nike’s market capitalization stood at $136.69 billion: more than double that of Adidas’s $45.21 billion. If things continue this way, the company’s market share in China could conceivably exceed Nike’s 22.9% and Adidas’ 19.7% within a decade. These growth hotspots more than compensated for declines in Nike's brick-and-mortar retail stores. Nike has been one of the biggest brand names always. NIKE market cap history and chart from 2006 to 2020. Quarter 2020 … Nike shares are up over 30% in 2020. Nike Inc s' competitors and its Market Share by Total, FOOTWEAR, APPAREL, EQUIPMENT & OTHER segment - CSIMarket The Global Brand Divisions represents NIKE Brand licensing businesses. While Nike is still the industry leader in terms of sales, Adidas is the most profitable, with a gross profit margin close to 52.08%, compared to 44.70% for Nike. The 2020 annual revenue target recently announced by Nike CEO and President Mark Parker. Nike’s market share stands at about 27.4% in 2019, ahead of its industry rivals Adidas and ASICS, making Nike the world’s largest company in the global footwear market. The company’s share in the Chinese sportswear market grew from 8.7% in 2013 to 14.9% in 2018. Yes! Leading up to the IPO Nike was growing fast. Shares of Nike, which have gained 18% this year, rose more than 5% in after-hours trading. It's a lofty target to say the least - even if the Swoosh's revenue was up 5% to $27.8 billion in fiscal '14. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. ET Ranking at No. Registration on or use of this site constitutes acceptance of our. For the fiscal third quarter ended Feb. 29, Nike reported: Total revenue for the three-month period was $10.10 billion, up 5.1% from $9.61 billion in the same period a year ago. These symbols will be available throughout the site during your session. Dow Update Apple Inc., Nike share gains contribute to Dow's 65-point climb Published: Dec. 15, 2020 at 10:45 a.m. Nike`s stock has split two for one six times. Nike uses psychographic segmentation variables to make its offerings more attractive to the target customers. Nike stock price first reached the $1 mark on September 21st, 1989. In 1981, its revenues reached almost $458 million. Demand for Nike`s newest products is partially driven by their perceived scarcity, and if Nike produces too many pairs of a new shoe, demand will plummet because the product is then widely available and is no longer limited in its availability. The growth rate of 312% within a decade tells the outstanding performance of NIKE’s stock in the 21st century. NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. risk, allowing investors to make better decisions and streamline their work ow. Nike (NYSE: NKE) reported quarterly earnings of 78 cents per share on Friday, which beat the analyst consensus estimate of 62 cents by 25.81%.This is an 11.43% increase over earnings of 70 … NIKE 2020 annual EPS was $1.6 , a 35.74% decline from 2019. 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%. Both companies are in strategic plans that run until 2020. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. Revenue for the Nike brand was $9.61 billion, up 5.1% from $9.15 billion a year ago, which Nike says was driven by double-digit growth in Nike … *Stock Advisor returns as of November 20, 2020. From 1972 to 1981, NIKE Inc.’s net income grew at a pace of almost 100% per year. 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. Revenues rose 5 … Below is a summary of our progress.   More on NKE Market Share. Source: FactSet. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35. Global Athletic Footwear Market (2020 to 2025) - Featuring Adidas, Nike, Under Armour & Puma Among Others - ResearchAndMarkets.com April 16, 2020 06:31 AM Eastern Daylight Time Nike stock price rocketed on the news. In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split. Image source: Getty Images. Nike, the perennially "cool" brand has a stock price that depends on it. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. Create your Watchlist to save your favorite quotes on Nasdaq.com. During the next 12 months, Nike stock price went through a tough period. Nike began paying a quarterly cash dividend in 1984. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Nike, Inc. - Class B share forecasts, stock quote and buy / sell signals below. #TradeTalks: The Good and Bad News the Market Is Bracing for as 2020 Comes to a Close, 3 Psychedelic Stocks to Invest In the Future of Medicine, Why The Market Is Moving Lower Despite Vaccine, and What Investors Should Expect, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? NIKE 2019 annual EPS was $2.49 , a 112.82% increase from 2018. Eric Volkman has no position in any of the stocks mentioned. NIKE EPS for the twelve months ending August 31, 2020 was $1.69 , a 36.94% decline year-over-year. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Nike stock has been traded under the ticker “NKE” on the NYSE ever since. GAAP net profit grew at a slightly loftier rate, improving by 12% to $1.25 billion, or $0.78 per share. Since 2004, the company began increasing the dividend on an annual basis. * Average Estimates in Million (e.g. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Nike and Adidas have both seen their share prices gain momentum, hitting all-time highs in January 2020 before plummeting as the COVID-19 epidemic sweeps the world’s industries. Disclaimer | Dependency on US Market – Even after having established itself globally, Nike still relies on the U.S Market in terms of sales and revenue.In the fiscal year 2020, about 41% of Nike’s sales came from the U.S, while the rest of 59% came globally. 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020.. Nike Pops in After-Hours Trading on Surprise Q2 Growth, US IPO Week Ahead: The IPO market makes a holiday WISH in a 6 IPO week, Assessing Airbnb's (ABNB) Post-IPO Valuation, #TradeTalks: A Recap of 2020 Trade and What to Watch Heading Into 2021, #TradeTalks: #2021Outlook on the Housing and Real Estate Market. As of 2020, Nike is one of the leading brands in the lifestyle and retail sector. It uses separate campaign or strategy to cap the market potential of the different segments.Targeting is the important aspect of the marketing strategy, especially when a company is in different businesses. Its IPO took place on December 2nd, 1980, when over two million shares were issued. Nevertheless, patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum. For Nike, FY20 was a year that proved the power of our competitive advantages – and the opportunity we have to accelerate them. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Investors rewarded the better-than-expected results Friday night by pushing the stock up by 3.9% in after-hours trading. (read more). NIKE EPS for the quarter ending August 31, 2020 was $0.95 , a 10.47% increase year-over-year. This decline was followed by a rally resulting in a closing price of $60.14 on August 3rd. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. In NIKE’s investor call for Q4 ending May 31, 2020, John J. Donahoe, president and CEO NIKE Inc. and Matthew Friend, executive vice president and CFO, discussed challenges faced by the … That is a massive disparity. ... 2020: 220.56B Dec. 16, 2020 : 217.17B ... it would make sense to compare companies that have a similar market capitalization because factors like market share… "With healthy inventory positions across all geographies, our return to growth is a testament to our digital strength, as well as our disciplined marketplace and financial management," CFO Matt Friend said of the quarter's results. On average, prognosticators tracking the stock were anticipating $10.56 billion on the top line and a per-share net profit of $0.62. Nike is not offering a complete fiscal 2021 outlook at this time. ... reflected by our approach reporting progress toward our 2020 targets. 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