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Stock Market & Financial Investment News

News Breaks
April 8, 2014
07:05 EDTNKENike upgraded at Stifel
As previously reported, Stifel upgraded Nike to Buy from Hold. The analyst upgraded shares to reflect recent weakness, reduced consensus expectations, and strong fundamentals. Price target is $87.
News For NKE From The Last 14 Days
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February 26, 2015
08:50 EDTNKEKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
February 20, 2015
09:23 EDTNKEGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.

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