Why Athletic Apparel And Footwear Companies Are Trading Higher Today_老虎社区_美港股上老虎 - 老虎社区

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Why Athletic Apparel And Footwear Companies Are Trading Higher Today

Benzinga2021-06-26

Dick's Sporting Goods Inc (NYSE:DKS), Under Armour Inc (NYSE:UA) and Foot Locker Inc (NYSE:FL) are trading higher Friday in sympathy with Nike Inc (NYSE:NKE) after the athletic apparel and footwear retailer reported better-than-expected financial results.

What Happened: Nike reported quarterly earnings of 93 cents per share, which beat the estimate of 51 cents per share. The company reported quarterly revenue of $12.3 billion, which beat the estimate of $11.01 billion.

“FY21 was a pivotal year for NIKE as we brought our Consumer Direct Acceleration strategy to life across the marketplace. Fueled by our momentum, we continue to invest in innovation and our digital leadership to set the foundation for NIKE’s long-term growth," said John Donahoe, president and CEO of Nike.

Multiple analyst firms raised the price targets on Nike following the company's blowout quarter.

Related Link: Nike Soars Double-Digits After Impressive Earnings Report

Price Action: At last check Friday, Dicks Sporting Goods was up 3.80% at $102.42, Under Armour was up 2.74% at $19.14 and Foot Locker was up 4.48% at $63.91.

Nike was up 13.60% at $151.81 at publication time.

Photo: Mike Kalasnik from Flickr.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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undftd7
·2021-06-26
Nike stocks will fly in the nba finals. No better time to stock
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