Latest news with #PiralDadhania
Business Insider
12 hours ago
- Business
- Business Insider
RBC Capital Reaffirms Their Hold Rating on Nike (NKE)
RBC Capital analyst Piral Dadhania maintained a Hold rating on Nike (NKE – Research Report) today and set a price target of $65.00. The company's shares closed today at $62.54. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Dadhania is an analyst with an average return of -5.7% and a 36.07% success rate. Dadhania covers the Consumer Cyclical sector, focusing on stocks such as Kering SA, adidas AG, and LVMH Moet Hennessy Louis Vuitton. In addition to RBC Capital, Nike also received a Hold from TD Cowen's John Kernan in a report issued yesterday. However, on June 24, Evercore ISI maintained a Buy rating on Nike (NYSE: NKE). Based on Nike's latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $11.27 billion and a net profit of $794 million. In comparison, last year the company earned a revenue of $12.43 billion and had a net profit of $1.17 billion
Yahoo
21-05-2025
- Business
- Yahoo
RBC Lowers NIKE (NKE) Price Target to $65, Cites Inventory Concerns
On May 20, RBC Capital analyst Piral Dadhania lowered his price target for NIKE, Inc. (NYSE:NKE) from $66 to $65, while maintaining a Sector Perform rating on the company's shares. The adjustment was made in light of the athletic apparel giant's ongoing efforts to manage excess inventory and prepare for the upcoming Autumn/Winter 2025 Running product launch. TonyV3112 / According to Dadhania, NIKE, Inc. (NYSE:NKE) is at a crucial point in its history—the "heavy lifting stage" of inventory clean-up. This assessment is supported by the company's strides in creating a more efficient executive governance structure, as evidenced by the recent changes to its Senior Leadership Team. That said, the analyst remained cautious about the company's risk/reward profile in anticipation of NIKE's fiscal year 2025 earnings. In that regard, Dadhania noted a number of worries, including exposure to tariff-related headwinds, the possible drag from ongoing clearance efforts, and general macroeconomic uncertainty. RBC Capital predicts that a more favorable situation might materialize in the second half of fiscal year 2026, after inventory levels stabilize and revenue growth starts to pick up speed. While we acknowledge the potential of NKE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NKE and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
03-04-2025
- Business
- Wall Street Journal
Sporting-Goods Stocks Tumble After Trump Unveils Tariffs on Key Manufacturers
Shares in sporting-goods companies plunged after President Trump unveiled new U.S. tariffs on foreign imports that target countries where the industry has key manufacturing hubs. Stocks of German players Adidas and Puma PUM -8.01%decrease; red down pointing triangle dropped 10% and 8.9%, respectively, in European morning trading, while shares in U.K. retailer JD Sports JD -4.85%decrease; red down pointing triangle fell 5.5%. Shares in Nike were 9.2% lower in pre-market trading. The levies announced overnight are harsher than expected, especially for Southeast Asian countries with higher exposure to sporting goods, RBC Capital Markets analyst Piral Dadhania said in a note to clients. Trump announced the latest round of duties he plans to implement in countries that he says treat the U.S. unfairly. These include 46% on Vietnam, 49% on Cambodia, 36% on Thailand, 32% on Indonesia, 48% on Laos, and 34% additional tariffs on China–on top of the already announced 20%. Other key trading partners for the U.S. that are subject to tariffs include Switzerland, the E.U. and the U.K. The impact could be worse than anticipated, as nearly all footwear sold in the U.S. is imported, UBS analysts wrote in a research note. The duties will be a concern for many brands that have shifted manufacturing from China to Vietnam in recent years. The growing role of the latter in footwear manufacturing as well as its meaningful contribution to U.S. footwear imports mean the tariffs represent a headwind to the sector that companies might not be able to fully offset, UBS analysts said. Only a portion of the cost increases will likely be passed through to consumers, analysts at UBS said. They say that in order to fully mitigate the hit to Vietnam, companies would have to increase prices by between 10% and 12%. Puma and Nike will likely suffer more relative to Adidas, due to their exposure to the U.S. and their sourcing, RBC's Dadhania said. Write to Andrea Figueras at
The Guardian
12-03-2025
- Business
- The Guardian
Poor sales at Puma and Zara owner fuels fears of slowing US consumer sales
Unexpectedly poor results from sports brand Puma and the fashion group Inditex, which owns Zara, had fuelled fears about slowing consumer appetite in the US amid uncertainty over Donald Trump's tariffs. Shares in Puma dived by more than a fifth as the company put out a trading statement warning that sales growth this year would be slower than hoped as 'geopolitical tensions and macroeconomic challenges will continue, especially trade disputes and currency volatility, which is expected to weigh on consumer sentiment and demand'. Piral Dadhania, a retail analyst at Royal Bank of Canada, said: 'There are some concerns around brand heat, increasing competition and North America distribution.' Inditex shares were down by 8% on Wednesday morning as the company said underlying sales fell by 4% in the five weeks to 10 March, well behind analysts' expectations and a big drop from the 10.5% increase rung up for the year to 31 January. The company indicated it was not concerned about this short period of tough trading, which was set against strong growth in the same period a year before, and pointed to an uptick in growth to 7% in the most recent week. One analyst, who declined to be named, said the slowdown was likely to be largely down to poor weather in Europe in January. Inditex's annual figures indicated a weakening of trade in the Americas compared with other markets, which some analysts suggested could be linked to uncertainty among US and Mexican consumers amid the Trump regime's indecision over tariffs. Ignacio Fernández, the finance director of Inditex, pointed to currency weaknesses in Brazil and Mexico which he said had been offset by 'strong dollar sales'. Oscar García Maceiras, the chief executive of Inditex, said: 'The current environment is difficult to predict in terms of tariffs. Of course, we are continuously monitoring the situation.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion He said Inditex felt it was in a very good position 'due to our levels of geographical diversification in terms of sourcing and sales'. He added that Inditex's experience in many markets meant it was used to dealing with different tariff regimes. García Maceiras said that Inditex continued to expect to hold its profit margins despite the threat of US tariffs as it would benefit from its tactic of making most of its clothing in Spain, Portugal, Morocco and Turkey, which meant it had 'a flexible business model with a competitive advantage'.
Yahoo
12-03-2025
- Business
- Yahoo
Puma Warns of Another Difficult Year for Sneaker Sales in 2025
(Bloomberg) — Puma SE disappointed investors for the second time in seven weeks with softer-than-expected results, as the German sneaker and sportswear company struggles to build momentum with consumers. NYC Congestion Pricing Toll Gains Support Among City Residents Trump DEI Purge Hits Affordable Housing Groups Electric Construction Equipment Promises a Quiet Revolution Where New York City's Zoning Reform Will Add Housing Open Philanthropy Launches $120 Million Fund To Support YIMBY Reforms The company forecast another slow year of growth in 2025, citing global trade tariffs, currency volatility and geopolitical tensions. Adjusted earnings will probably come in a range between €520 million ($567 million) and €600 million before interest and taxes, it said in a statement late Tuesday, below the €674 million average estimate of analysts. Currency-adjusted sales will probably grow in the low- to mid-single-digit range, the company said, also trailing expectations. The shares tumbled on Tradegate before the opening of regular trading in Frankfurt. The stock has declined 32% over the past year, lagging behind both crosstown rival Adidas AG and industry leader Nike Inc. The forecast raises questions about whether Puma can build momentum with its brand and with key shoe models that it's hoping will take off with consumers this year, such as the thin-soled, 1990s-era Speedcat sneaker, Piral Dadhania, an analyst at RBC Capital Markets, said in a note. It also raises doubts about whether Puma will be able to achieve its target of reaching an 8.5% Ebit margin by 2027 — a target that Puma had already pushed back by two years when it released preliminary fourth-quarter figures back in January, said Cedric Lecasble, an analyst at Stifel, in a note. 'This new release strongly challenges the pillars of our investment case,' Lecasble said. Speedcat Puma's sales growth has slowed since Chief Executive Officer Arne Freundt took over at the end of 2022. He has said Puma needs to prioritize the buildout of more premium sneaker models — such as the Speedcat — that can command higher prices. Investors are closely watching how the Speedcat performs this year, because it's the first model that Freundt has sought to carefully incubate and then scale up for the masses. In the first quarter, the company has struggled with weak demand in both the US and China, it said in the statement. Earnings in the quarter will probably come in 'significantly below' last year's results, it said. 'Puma's weak 1Q and 2025 trails consensus and suggests spending and cost uncertainty due to economic and trade tensions in the US and China,' Bloomberg Intelligence analysts Poonam Goyal and Sydney Goodman wrote in a research note. The company also anticipates one-time costs of as much as €75 million this year as part of efficiency efforts. The cost cuts are expected to add as much as €100 million to earnings this year, excluding interest and taxes. For the full year, and including the one-time costs, Puma expects that measure of earnings to be in the range of €445 million to €525 million — well below the previous year's result. Related: Puma Plunges After Profit Warning Highlights Adidas's Lead Last month, Freundt promised to give more conservative forecasts after surprising investors with bad news. The latest example came in January, when Puma reported preliminary fourth-quarter figures that disappointed investors just weeks after Freundt had assured them the company was performing well. (Updates with information throughout) How Natural Gas Became America's Most Important Export How America Got Hooked on H Mart Disney's Parks Chief Sees Fortnite as Key to Its Future Germany Is Suffering an Identity Crisis 80 Years in the Making The Mysterious Billionaire Behind the World's Most Popular Vapes ©2025 Bloomberg L.P.
