Last €83.08 EUR
Change Today +0.50 / 0.61%
Volume 786.0
NKE On Other Exchanges
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As of 12:44 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

nike inc -cl b (NKE) Snapshot

Open
€82.27
Previous Close
€82.58
Day High
€83.50
Day Low
€82.07
52 Week High
01/23/15 - €86.21
52 Week Low
04/14/14 - €51.18
Market Cap
72.4B
Average Volume 10 Days
3.7K
EPS TTM
--
Shares Outstanding
686.4M
EX-Date
12/11/14
P/E TM
--
Dividend
€1.02
Dividend Yield
0.91%
Current Stock Chart for NIKE INC -CL B (NKE)

nike inc -cl b (NKE) Details

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, including running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names. It also markets products designed for kids, as well as for other athletic and recreational uses, such as baseball, cricket, lacrosse, outdoor activities, football, tennis, volleyball, walking, and wrestling. In addition, the company sells sports apparel and accessories; and markets apparel with licensed college and professional team and league logos. Further, it sells a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, golf clubs, and other equipment under the NIKE brand name for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; other retail accounts through NIKE-owned retail stores and Internet Websites (direct to consumer operations); and a mix of independent distributors and licensees. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

56,500 Employees
Last Reported Date: 07/25/14
Founded in 1964

nike inc -cl b (NKE) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $850.0K
Chief Operating Officer
Total Annual Compensation: $935.0K
President of Nike Brand
Total Annual Compensation: $935.0K
President of Product & Merchandising
Total Annual Compensation: $885.0K
Compensation as of Fiscal Year 2014.

nike inc -cl b (NKE) Key Developments

Nike Inc. Signs Major Sports Deal with Cincinnati University

The Xavier University athletic department has signed a five-year deal with Nike Inc. to provide footwear and apparel for all of its sports. The deal changes athletic providers for some of Xavier's sports. Nike has provided shoes and apparel to Xavier's basketball team since the 2001-02 season. Various Xavier teams have had deals with Adidas and Under Armour in the past. The new deal will unify Xavier's sports footwear and apparel provider for all of its sports. The University of Cincinnati's deal with Adidas for this school year pays $2.625 million. UC got $2.1 million worth of equipment and apparel and $525,000 in cash from Adidas. The contract also paid bonuses to UC depending on the football and basketball teams winning championships and reaching certain levels of postseason play. UC's deal would likely be worth more than Xavier's because it has football, one of the most high-profile sports, and Xavier does not. This is the second high-profile college sports sponsorship deal in Cincinnati in the past week. UC just agreed to part ways with Adidas after this season. It's reportedly switching to Under Armour as its athletic gear and apparel provider, although that deal isn't likely to be officially announced until spring. Xavier reached Nike's NTS Promo status, the level of sponsorship a men's basketball team can reach without winning a national championship, in 2010. Nike has provided shoes and apparel for 15 of the last 18 NCAA Division I men's basketball champs. Nike sponsored 50 of the 68 teams that made last season's NCAA Division I men's basketball tournament.

A Photographer Sues Nike, Inc. over Jordan Pic

A photographer is accusing Nike of violating the copyright of his 1984 image of Michael Jordan soaring toward a basketball hoop by continuing to use the image to market shoes and clothes. Jacobus Rentmeester of New York City filed the lawsuit against Oregon based Nike Inc. in federal court in Portland, Oregon. He's seeking unspecified monetary damages, profits generated from the image, and an injunction preventing further copyright infringement. Rentmeester staged and shot the photo for Life magazine as part of a special section published for the 1984 Summer Olympics. As a freelancer, he retained rights to the copyright. Nike later paid him $150 for temporary use of two transparencies of the photo. According to the complaint, Nike then produced a nearly identical photograph of Jordan and reproduced it on billboards, and when Rentmeester threatened litigation, the Oregon company paid him $15,000 for a limited licence to use the image for two years. The complaint says Nike continued to reproduce the photo after that period and used it to create the distinctive Jumpman logo, a silhouette of the leaping Jordan inspired by the photograph. The company went on to create the Jordan Brand division, which markets Michael Jordan products using the photo and the logo. The lawsuit says Nike has earned millions as a result of these marketing campaigns. It's unclear why Rentmeester waited nearly three decades to file a claim. He registered the Jordan photo with the U.S. Copyright Office in December 2014. Neither the photographer nor his lawyer returned calls for comment. U.S. copyright law allows people to bring copyright claims within three years of an infringing act. But in May 2014, the U.S. Supreme Court in a similar copyright case ruled that delay in filing a copyright claim isn't a bar to seeking damages as long as the copyright infringement continues.

Nike, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended November 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015

Nike, Inc. reported unaudited consolidated financial results for the second quarter and six months ended November 30, 2014. For the quarter, revenues were $7,380,000 against $6,431,000 for the same period of last year. Income before income taxes was $878,000 against $714,000 for the same period of last year. Net income was $655,000 against $534,000 for the same period of last year. Earnings per diluted share were $0.74 against $0.59 for the same period of last year. For the six months, revenues were $15,362,000 against $13,402,000 for the same period of last year. Income before income taxes was $2,107,000 against $1,752,000 for the same period of last year. Net income was $1,617,000 against $1,313,000 for the same period of last year. Earnings per diluted share were $1.83 against $1.44 for the same period of last year. The reduction in profitability was primarily due to lower gross margin and higher operating overhead for new retail stores. The power of portfolio continues to unlock growth, as keep a laser focus on its biggest opportunities. The breadth and depth of that portfolio has helped consistently deliver strong results quarter after quarter, year after year. The company provided earnings guidance for the third quarter and full year of fiscal 2015. For the full year, the company now expects gross margin expansion of 100 to 125 basis points. The company continues to expect the effective tax rate for fiscal 2015 will be approximately 24.5%. The company expects gross margin for third quarter of fiscal 2015 to expand by about 100 basis points.

 

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Industry Analysis

NKE

Industry Average

Valuation NKE Industry Range
Price/Earnings 27.8x
Price/Sales 2.7x
Price/Book 6.9x
Price/Cash Flow 26.9x
TEV/Sales 2.5x
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