NKE Nike

Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$37.4 billion in its fiscal year 2020 . As of 2020, it employed 76,700 people worldwide. In 2020 the brand alone was valued in excess of $32 billion, making it the most valuable brand among sports businesses. Previously in 2017, the Nike brand was valued at $29.6 billion. Nike ranked No. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike, the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, Nike CR7, and subsidiaries including Brand Jordan, and Converse. Nike also owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan, Umbro, and Hurley International. In addition to manufacturing sportswear and equipment, the company operates retail stores under the Niketown name. Nike sponsors many high-profile athletes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo.
Company profile
Ticker
NKE
Exchange
Website
CEO
John Donahoe
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NIKE INC
SEC CIK
Corporate docs
IRS number
930584541
NKE stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For February 25, 2021
25 Feb 21
HSBC Upgrades Nike to Buy, Announces $158 Price Target
25 Feb 21
10 Consumer Discretionary Stocks Showing Unusual Options Activity In Today's Session
24 Feb 21
Tweet from Tiger Woods Twitter Account Earlier Stated ....he is currently awake, responsive and recovering in his hospital room...
24 Feb 21
Tiger Woods Sustains 'Multiple Leg Injuries' In LA Car Crash
23 Feb 21
Press releases
NIKE, Inc. Announces Senior Leadership Change
1 Mar 21
NIKE, Inc. Announces Third Quarter Fiscal 2021 Earnings and Conference Call
18 Feb 21
NIKE, Inc. Declares $0.275 Quarterly Dividend
11 Feb 21
RYU Apparel Inc. Announces the Appointment of Industry Veteran Rob Blair as Chief Operating Officer
28 Jan 21
RYU Apparel Inc. Announces the Appointment of Industry Veteran Rob Blair as Chief Operating Officer
28 Jan 21
Calendar
5 Jan 21
2 Mar 21
31 May 21
Financial summary
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Financial data from Nike earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Feb 21 | Chris L Abston | Class B Common Stock | Payment of exercise | Dispose F | No | No | 141.71 | 304 | 43.08K | 3,059.184 |
10 Feb 21 | Krane Hilary K | Class B Common Stock | Sell | Dispose S | No | Yes | 141.61 | 18,500 | 2.62M | 150,184.968 |
10 Feb 21 | Krane Hilary K | Class B Common Stock | Option exercise | Aquire M | No | Yes | 38.76 | 18,500 | 717.06K | 168,684.968 |
10 Feb 21 | Krane Hilary K | NQSO Class B Common Stock | Option exercise | Dispose M | No | No | 38.76 | 18,500 | 717.06K | 66,500 |
13 Jan 21 | Donahoe John J | Class B Common Stock | Payment of exercise | Dispose F | No | No | 143.04 | 31,648 | 4.53M | 232,844 |
7 Jan 21 | Chris L Abston | Class B Common Stock | Sell | Dispose S | No | Yes | 145 | 30,000 | 4.35M | 3,363.184 |
7 Jan 21 | Chris L Abston | Class B Common Stock | Option exercise | Aquire M | No | Yes | 56.4 | 30,000 | 1.69M | 33,363.184 |
7 Jan 21 | Chris L Abston | NQSO Class B Common Stock | Option exercise | Dispose M | No | No | 56.4 | 30,000 | 1.69M | 0 |
30 Dec 20 | Mark G Parker | Class B Common Stock | Sell | Dispose S | No | Yes | 141.99 | 21,634 | 3.07M | 1,423,635 |
30 Dec 20 | Mark G Parker | Class B Common Stock | Option exercise | Aquire M | No | Yes | 22.925 | 21,634 | 495.96K | 1,445,269 |
Institutional ownership Q4 2020
79.6% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 2083 |
Opened positions | 269 |
Closed positions | 124 |
Increased positions | 794 |
Reduced positions | 761 |
13F shares |
Current |
---|---|
Total value | 143.97B |
Total shares | 1.01B |
Total puts | 17.2M |
Total calls | 12.83M |
Total put/call ratio | 1.3 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 103.95M | $14.71B |
BLK Blackrock | 93.11M | $13.17B |
STT State Street | 54.62M | $7.73B |
FMR | 31.11M | $4.4B |
TROW T. Rowe Price | 29.3M | $4.14B |
BK Bank Of New York Mellon | 26.52M | $3.75B |
Wellington Management | 20.56M | $2.91B |
Jennison Associates | 20.45M | $2.89B |
NTRS Northern Trust | 19.64M | $2.78B |
MS Morgan Stanley | 19.5M | $2.76B |
Financial report summary
?Competition
Caleres • UNIFI • Iconix Brand • Carters • Skechers U S A • Nautilus • Crocs • Hanesbrands • Lululemon Athletica • LGBTQ LoyaltyRisks
- Special Note Regarding Forward-Looking Statements and Analyst Reports
- Our financial condition and results of operations have been and are expected to continue to be adversely affected by the coronavirus pandemic.
- Global economic conditions could have a material adverse effect on our business, operating results and financial condition.
- Our products, services and experiences face intense competition.
- Failure to maintain our reputation, brand image and culture could negatively impact our business.
- Our business is affected by seasonality, which could result in fluctuations in our operating results.
- If we are unable to anticipate consumer preferences and develop new products, we may not be able to maintain or increase our revenues and profits.
- We rely on technical innovation and high-quality products to compete in the market for our products.
- Failure to continue to obtain or maintain high-quality endorsers of our products could harm our business.
- Economic factors beyond our control, and changes in the global economic environment, including fluctuations in inflation and currency exchange rates, could result in lower revenues, higher costs and decreased margins and earnings.
- We may be adversely affected by the financial health of our customers.
- Failure to accurately forecast consumer demand could lead to excess inventories or inventory shortages, which could result in decreased operating margins, reduced cash flows and harm to our business.
- Our NIKE Direct operations have required and will continue to require a substantial investment and commitment of resources and are subject to numerous risks and uncertainties.
- If the technology-based systems that give our consumers the ability to shop or interact with us online do not function effectively, our operating results, as well as our ability to grow our digital commerce business globally or to retain our customer base, could be materially adversely affected.
- We rely significantly on information technology to operate our business, including our supply chain and retail operations, and any failure, inadequacy or interruption of that technology could harm our ability to effectively operate our business.
- We are subject to a complex array of laws and regulations and litigation and other legal and regulatory proceedings, which could have an adverse effect on our business, financial condition and results of operations.
- Changes to U.S. or other countries' trade policies and tariff and import/export regulations or our failure to comply with such regulations may have a material adverse effect on our reputation, business, financial condition and results of operations.
- Failure to adequately protect or enforce our intellectual property rights could adversely affect our business.
- We are subject to data security and privacy risks that could negatively affect our results, operations or reputation.
- Our international operations involve inherent risks which could result in harm to our business.
- Our products are subject to risks associated with overseas sourcing, manufacturing and financing.
- We could be subject to changes in tax rates, adoption of new tax laws, additional tax liabilities or increased volatility in our effective tax rate.
- Consolidation of retailers or concentration of retail market share among a few retailers may increase and concentrate our credit risk and impair our ability to sell products.
- We are subject to the risk our licensees may not generate expected sales or maintain the value of our brands.
- Failure of our contractors or our licensees' contractors to comply with our code of conduct, local laws and other standards could harm our business.
- If one or more of our counterparty financial institutions default on their obligations to us or fail, we may incur significant losses.
- We rely on a concentrated source base of contract manufacturers to supply a significant portion of our footwear products.
- Our success depends on our global distribution facilities.
- The market for prime real estate is competitive.
- Extreme weather conditions and natural disasters could negatively impact our operating results and financial condition.
- Our financial results may be adversely affected if substantial investments in businesses and operations fail to produce expected returns.
- The success of our business depends, in part, on high-quality employees, including key personnel as well as our ability to maintain our workplace culture and values.
- Our business operations and financial performance could be adversely affected by changes in our relationship with our workforce or changes to United States or foreign employment regulations.
- The sale of a large number of shares of common stock by our principal stockholder could depress the market price of our common stock.
- Changes in our credit ratings or macroeconomic conditions may affect our liquidity, increasing borrowing costs and limiting our financing options.
- If our internal controls are ineffective, our operating results could be adversely affected.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
- Anti-takeover provisions may impair an acquisition of the Company or reduce the price of our common stock.
- We may fail to meet market expectations, which could cause the price of our stock to decline.
Management Discussion
- Fiscal 2020 NIKE, Inc. Revenues declined 4% to $37.4 billion, as revenue growth of 7% for the first nine months of fiscal 2020 was more than offset by a 38% decline in the fourth quarter due to the impacts of COVID-19. The NIKE Brand, which represents over 90% of NIKE, Inc. Revenues, experienced a 4% decline, down 2% on a currency-neutral basis, driven by declines across nearly all geographies, partially offset by 11% currency-neutral growth in Greater China. NIKE Direct grew 8% on a currency-neutral basis driven by 49% growth in digital, with all geographies growing strong double digits, while wholesale revenues declined 7%. Revenues for Converse declined 3% and 1%, on a reported and currency-neutral basis, respectively, as revenue growth in Asia was more than offset by declines in North America, Europe and licensee markets.
Content analysis
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Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
aggressively, air, allocation, disciplined, insignificant, mutually, Northern, organizational, professional, realignment, recapture, Repayment, reprioritizing, reprofile, shape, significantly, tighter
Removed:
August, commerce, deliberate, Eastern, enhanced, incremental, managing, outlined
Financial reports
10-Q
2021 Q2
Quarterly report
5 Jan 21
10-Q
2021 Q1
Quarterly report
8 Oct 20
10-K
2020 FY
Annual report
24 Jul 20
10-Q
2020 Q3
Quarterly report
7 Apr 20
10-Q
2020 Q2
Quarterly report
7 Jan 20
10-Q
2020 Q1
Quarterly report
4 Oct 19
10-K
2019 FY
Annual report
23 Jul 19
10-Q
2019 Q3
Quarterly report
4 Apr 19
10-Q
2019 Q2
Quarterly report
8 Jan 19
10-Q
2019 Q1
Quarterly report
4 Oct 18
Current reports
8-K
Nike, Inc. Reports Fiscal 2021 Second Quarter Results
18 Dec 20
8-K
Nike, Inc. Reports Fiscal 2021 First Quarter Results
22 Sep 20
8-K
Departure of Directors or Certain Officers
18 Sep 20
8-K
Nike, Inc. Reports Fiscal 2020 Fourth Quarter
25 Jun 20
8-K
Departure of Directors or Certain Officers
19 Jun 20
8-K
Nike, Inc. Announces the Retirement of John Thompson, JR. from Its Board of Directors
27 May 20
8-K
Nike, Inc. Provides COVID-19 Update on Operations
14 May 20
8-K
Other Events
27 Mar 20
8-K
Other Events
25 Mar 20
8-K
Nike, Inc. Reports Fiscal 2020 Third Quarter Results
24 Mar 20
Registration and prospectus
424B2
Prospectus for primary offering
26 Mar 20
FWP
Free writing prospectus
25 Mar 20
424B5
Prospectus supplement for primary offering
25 Mar 20
S-3ASR
Automatic shelf registration
23 Jul 19
S-8
Registration of securities for employees
4 Jan 17
424B2
Prospectus for primary offering
19 Oct 16
424B5
Prospectus supplement for primary offering
18 Oct 16
FWP
Free writing prospectus
18 Oct 16
424B5
Prospectus supplement for primary offering
17 Oct 16
S-3ASR
Automatic shelf registration
20 Jul 16
Proxies
DEFA14A
Additional proxy soliciting materials
24 Jul 20
DEF 14A
Definitive proxy
24 Jul 20
DEFA14A
Additional proxy soliciting materials
23 Jul 19
DEF 14A
Definitive proxy
23 Jul 19
DEF 14A
Definitive proxy
24 Jul 18
DEFA14A
Additional proxy soliciting materials
24 Jul 18
DEF 14A
Definitive proxy
24 Jul 17
DEFA14A
Additional proxy soliciting materials
24 Jul 17
DEF 14A
Definitive proxy
24 Jul 16
DEFA14A
Additional proxy soliciting materials
24 Jul 16
Other
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
13 Feb 14
CORRESP
Correspondence with SEC
9 Feb 14
UPLOAD
Letter from SEC
27 Jan 14
Ownership
4
NIKE / Chris L Abston ownership change
18 Feb 21
4
NIKE / Hilary K Krane ownership change
11 Feb 21
SC 13G/A
NIKE / VANGUARD ownership change
10 Feb 21
SC 13G/A
NIKE / BlackRock ownership change
29 Jan 21
4
NIKE / John J Donahoe ownership change
15 Jan 21
4
NIKE / Chris L Abston ownership change
8 Jan 21
4
NIKE / Elizabeth J Comstock ownership change
31 Dec 20
4
NIKE / Chris L Abston ownership change
31 Dec 20
4
NIKE / MARK G PARKER ownership change
31 Dec 20
4
NIKE / Monique S. Matheson ownership change
29 Dec 20
Patents
APP
Utility
Footwear Sole Structure Having a Composite Element and Methods for Manufacturing Same
25 Feb 21
One or more aspects of the present disclosure provide for composite elements that include a textile having a plurality of fibers, the plurality of fibers comprising a first thermoplastic material; and a second thermoplastic material surrounding the plurality of fibers of the textile and consolidating at least a portion of the textile, wherein the second thermoplastic material has a melting temperature lower than a melting temperature of the first thermoplastic material.
APP
Utility
Plate for Footwear
25 Feb 21
A plate for an article of footwear having a sole structure includes an anterior-most point disposed in a forefoot region of the sole structure, a posterior-most point disposed closer to a heel region of the sole structure than the anterior-most point, and a concave portion extending between the anterior-most point and the posterior-most point.
APP
Utility
Sole Structure for Article of Footwear
25 Feb 21
A sole structure for an article of footwear includes a first plate extending from a forefoot region of the sole structure to a heel region of the sole structure.
APP
Utility
Method of Illuminating an Article
25 Feb 21
An article of footwear may have an upper and a sole system secured to the upper.
GRANT
Design
Garment
23 Feb 21
Inventors: Jessica A. Lomax
Transcripts
2021 Q2
Earnings call transcript
18 Dec 20
2021 Q1
Earnings call transcript
23 Sep 20
2020 Q4
Earnings call transcript
25 Jun 20
2020 Q3
Earnings call transcript
24 Mar 20
2020 Q2
Earnings call transcript
19 Dec 19
2020 Q1
Earnings call transcript
24 Sep 19
2019 Q4
Earnings call transcript
27 Jun 19
2019 Q3
Earnings call transcript
21 Mar 19
2019 Q2
Earnings call transcript
20 Dec 18
2019 Q1
Earnings call transcript
25 Sep 18
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