Elliott Hill

Sportswear behemoth Nike Inc. (NYSE:NKE) has disclosed plans to lay off employees in its technology division, opting to outsource some of this work to third-party vendors. What Happened: Nike is downsizing its technology workforce. The company representative confirmed to Reuters...

Nike Inc (NYSE:NKE) analysts provide a cautious tone for the apparel company's turnaround and short-term growth after the company's third-quarter financial results. The Nike Analysts: Stifel analyst Jim Duffy maintained a Hold rating on Nike with a $75 price target. Goldman Sachs analyst Brooke...

Nike Inc. (NYSE:NKE) reported its worst footwear revenue in over a decade as the company transitions under its new CEO. The athletic footwear and apparel company beat its third-quarter earnings and revenue expectations while issuing a disappointing outlook for the fourth quarter. What Happened:...

Athletic apparel and footwear company Nike Inc (NYSE:NKE) could highlight a recent brand partnership, the impactof tariffs and progress under a new CEO when the company reports third-quarter financial results after market close Thursday. Here's a look at analyst estimates for the quarter, what...

The CEO of Nike Inc. (NYSE:NKE), Elliott Hill, has earned the confidence of Jeffries analyst Randal Konik, who is optimistic about Hill’s strategic plans for the company. What Happened: Konik, in his analyst note to clients, shared that Hill’s strategy to rejuvenate wholesale...

Nike Inc (NYSE:NKE) has struggled in recent years. New CEO Elliott Hill discussed his attempted turnaround of the Beaverton, Oregon-based company with Wall Street analysts on Thursday. Here’s what analysts published after the meeting: Goldman Sachs analyst Brooke Roach, who holds a Buy...

Nike Inc‘s (NYSE:NKE) stock has had a rough few years. Shares have slumped nearly 60% since 2021 highs as sales growth at the Beaverton, Oregon-based company have waned. Amid a change in leadership, one analyst has turned bullish on the apparel giant. The Analyst: Piper Sandler analyst Anna...

Despite facing near-term headwinds, Nike Inc.’s (NYSE:NKE) turnaround strategy with the new CEO at the helm can propel the stock by 32% to $97 per share, said an analyst as veteran hedge fund manager Bill Ackman loads up on the shares. What Happened: Daan Rjinberk, a senior officer of trade...

Nike Inc (NYSE:NKE) analysts are highlighting the company’s new turnaround plan under CEO Elliott Hill with a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company’s second-quarter financial report. The Nike Analysts: Telsey...

Nike Inc. (NYSE:NKE) has appointed company veteran Elliott Hill as its new CEO, aiming to rejuvenate sales by mending ties with retailers. What Happened: Hill’s appointment comes as John Donahoe steps down after a tenure focused on direct-to-consumer sales. This strategy, which emphasized...

The market mood appears to have soured as the index futures slid early Friday, which is expected to be volatile due to the triple witching phenomena. There could be a lack of incentive to buy for want of any major Main Street catalysts, as some economists have begun flashing the danger of a hard...

The U.S. stock market reached new heights today, following the Federal Reserve’s unexpected decision to cut interest rates for the first time in over four years. This bold move led to a surge in the S&P 500 and Dow Jones indices, reaching all-time highs of 5,700 and 42,000 points...