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A stronger stock price for Nike wouldn't hurt, either. Shares have fallen 20% between January 13, 2020 — when Donahoe joined as CEO — and September 19's market close, per Yahoo Finance data.
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.
Can this consumer discretionary stock reverse course, rise 33% from its current $75 price tag, and get to $100 in 2025? Adidas is in second place with a 9% share, showcasing Nike's commanding lead ...
The company's share price ended the daily session up 3%, according to data from S&P Global Market Intelligence. Nike stock has been gaining ground in conjunction with the launch of its new ad ...
After being promoted to Chairman in 2016, Parker's compensation tripled to over $47.6 million - $33.5 million of which came from stock rewards. [10] In 2015, Parker was named Fortune's Businessperson of the year. [11] It was announced in June 2015 that Mark Parker is replacing Phil Knight as company chairman of Nike in 2016. [12]
Meanwhile, Nike's $0.99 earnings per share exceeded analysts' expectations of $0.66. Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion.
But that doesn't automatically mean it is a buy today. At its current market cap of $24.6 billion, the stock trades at a forward price-to-earnings ratio of 30.4. This is a forward metric based on ...
Nike shares hit an all-time high of $177.51 in November 2021 as Hill’s predecessor, the retiring John Donahoe, earned plaudits for deftly steering the company through the COVID-19 pandemic.