The market has enjoyed a great 2024 so far, with a resilient economy and favorable earnings results providing positive tailwinds.However, the positivity hasn’t been felt by all stocks, including long-time apparel favorite Nike (NKE) . Down 30% in 2024, shares have had a tough showing, with its recent quarterly results causing pressure post-earnings.Image Source: Zacks Investment ResearchBut is it due for a comeback? Let’s take a closer look at the company’s current standing.Nike Looks to Rebalance Product P ...

PARIS, FRANCE - JULY 30: A detailed view of the Nike shoes worn by Rafael Nadal of Team Spain as he ... [+] serves with partner Carlos Alcaraz (not in frame) of Team Spain against Tallon Griekspoor of Team Netherlands and Wesley Koolhof of Team Netherlands during the Men's Doubles second round match on day four of the Olympic Games Paris 2024 at Roland Garros on July 30, 2024 in Paris, France. (Photo by Clive Brunskill/Getty Images)Getty ImagesNote: Nike’s FY’24 ended on May 31, 2024. After almost a 33% dec ...

Nike is a compelling turnaround opportunity.Nike (NKE 1.61%) has seen better days. The stock of the leading athletic footwear and apparel maker currently sits nearly 60% below its peak from a few years ago. It has fallen 40% from its 52-week high. That has led to Nike trading at its lowest valuation in over a decade. The shoe stock's slumping price has also driven up its dividend yield to over 2%. That's its highest level since the financial crisis and well above the S&P 500's average (around 1.3%). It's a ...

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Nike, Inc. (“Nike” or the “Company”) (NYSE: NKE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Nike and certain of its officers and/or di ...

Nike is one of the worst-performing stocks in the Dow Jones so far this year.The markets have gotten off to a roaring start in 2024. The S&P 500 has returned roughly 17% so far this year, while the Nasdaq Composite has surged by 20%. But one stock that hasn't fared so well is Nike (NKE 0.45%). Shares of the footwear and apparel maker have cratered 32% -- making it one of the worst performers in the Dow Jones Industrial Average.With shares hovering at historically cheap levels, is this an opportunity to buy ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED MAY 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File No. 1-10635 NIKE, Inc. (Exact name of Registrant as specified in its charter) Oregon 93-0584541 (State or other jurisdiction of i ...

Core Viewpoint - NIKE, Inc. is facing a securities class action lawsuit for failing to disclose material information, with a deadline for lead plaintiff applications set for August 19, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit is titled "City Pension Fund for Firefighters and Police Officers in the City of Pembroke Pines v. NIKE, Inc., et al., 24-cv-00974" and is pending in the United States District Court for the District of Oregon [1][2]. - Allegations against NIKE and certain executives include violations of federal securities laws due to the failure to disclose material information during the Class Period [1]. Group 2: Financial Performance - On March 21, 2024, NIKE reported a 3% year-over-year decline in revenue in its Europe, Middle East, and Africa segment [2]. - NIKE Digital revenue also saw a 3% year-over-year decline, while NIKE Direct experienced minimal growth of approximately 0.4% year-over-year [2]. - Following the financial results announcement, NIKE Class B shares dropped by $6.96, or nearly 7%, closing at $93.86 per share on March 22, 2024, down from $100.82 per share [2]. Group 3: ClaimsFiler Information - ClaimsFiler is a free shareholder information service aimed at helping retail investors recover funds from securities class action settlements [2]. - Investors can register for free to access information on various securities class action cases, upload portfolio data for notifications on relevant cases, and submit inquiries for free case evaluations [2].

Thank you for your assistant While Nike (NYSE:NKE)'s recent underperformance and guidance cut was unexpected, I believe the stock is even a better buy following the recent weakness. Buying blue chips that look like fallen angels is never easy with timing, but Nike's current multiples and conditions look as good as they can get if we look at historical patterns. In this article, I share some reasons involving fundamental trends, Nike's characteristics, valuation and technical considerations that support my d ...

The sneaker and sportswear giant may never be able to fully repair the damage it did to its competitive moat.Although I typically avoid stocks in the highly competitive apparel business, I once had a more favorable view of Nike (NKE -0.39%). It developed a reputation for producing high-quality products. Also, its brands backed by celebrities such as Michael Jordan and Cristiano Ronaldo drove massive sales increases over time.Unfortunately for Nike, it made one critical misstep that caused its sales to level ...

Will newer products and better advertising lift sales long-term?If you invested $1,000 in shares of athletic apparel titan Nike (NKE 2.97%) one year ago, I'm sorry for your losses. The stock is down about 34% during the last 12 months, leaving just $660 in value for anyone who invested a grand.It gets worse: Nike stock is now down nearly 60% from all-time highs reached in 2021. A 60% drawdown isn't necessarily rare on the stock market, but it is rare for Nike. Since going public in 1980, it's only dropped 6 ...