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Nike (NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. The lower share price means that investors can buy the stock at a lower multiple of Nike's sales ...
Shares are down 24% this year, with an even steeper 52% decline from its all-time high stock price of $171.71 in November 2021. Nike has struggled to navigate shifting consumer spending trends.
Price may also be a consumer's expectation for getting a certain product (e.g. time or effort). Price is the only variable that has implications for revenue. Price is the only part of the marketing mix that talks about the value for the firm. Price also includes considerations of customer perceived value. Price strategy; Price tactics; Price ...
Can this consumer discretionary stock reverse course, rise 33% from its current $75 price tag, and get to $100 in 2025? A winning business Nike controls 16.4% of the global sportswear market ...
Image source: Getty Images. In the fiscal fourth quarter that ended May 31, Nike's sales fell by 2% year over year to $12.6 billion, led by the floundering direct-to-consumer business, which ...
Nike's spending on "demand creation," or marketing, jumped 15% in the quarter to $1.2 billion, as it generally increases marketing spending on events like the two above. As a result, earnings per ...
The consensus rating on Nike from 37 analysts is a 2.1 out of 5, indicating “buy,” with an average price target of $140.10 in a range of $96, which is lower than the current price.
The stock currently trades at a price-to-earnings ratio of 23.7, which is 37% below its trailing 10-year average. Expectations have gotten depressed toward Nike's prospects. Expectations have ...