Latest news with #Boss
Yahoo
2 hours ago
- Business
- Yahoo
Why Nike Stock Just Popped
Key Points JPMorgan analyst Matthew Boss just upgraded Nike stock to buy. Nike's capable of growing earnings 20% a year over the next five years, says this banker. That's nearly twice the rate of growth most analysts forecast for Nike. 10 stocks we like better than Nike › Nike (NYSE: NKE) ran up 3% through 10:05 a.m. ET Monday morning after JPMorgan analyst Matthew Boss upgraded the stock to overweight and raised his price target on the shoes and sportswear star to $93 a share. Why JPMorgan likes Nike Citing its own "fieldwork" on the stock, as well as conversations with management and SEC filings, Boss is raising his earnings forecasts for Nike in 2026 and 2027. He's predicting the company will grow earnings in the "high-teens to 20%" over the next five years, reports Management, says the analyst, is seeing "accelerating momentum within global wholesale orderbooks" and is aligning its inventory levels to support sales-growth trends. This should be completed by halfway through 2026. Boss also cited multiple trends that should result in stronger average selling prices in the running, global footwear, basketball, and training markets, leading to potentially a doubling of operating profit margins (to 10%) by 2028. Longer term, Boss sees a path to Nike regaining pre-pandemic profit margins of 12% and even 13%. Is Nike stock a buy? Nike's not a bad business. To the contrary, it's a steady performer, and most analysts predict Nike is capable of growing earnings at least 11% annually over the next five years. The problem is that, at its current valuation of 35 times earnings, 11% growth might not be enough to justify such a high valuation. JPMorgan's analyst holds out the hope, though, that Nike might grow nearly twice as fast as that -- 20%. Problem is, even 20% growth on a 35x-earnings stock works out to a price-to-earnings ratio of 1.75. That's still too high a price to pay for Nike. Even if this analyst is right about Nike's growth prospects, I think the stock is still a sell. Should you invest $1,000 in Nike right now? Before you buy stock in Nike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool has a disclosure policy. Why Nike Stock Just Popped was originally published by The Motley Fool 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
AU Financial Review
2 days ago
- Business
- AU Financial Review
Honeymoon over for Boss Energy after $600m market rout
Boss Energy has seen $600m of shareholder value erased in a single day after the uranium producer raised concerns about the future of its flagship mine, just days after the managing director handed in his notice. Shares in Boss dropped more than 40 per cent on Monday when the miner warned it was unlikely to hit the production target for the Honeymoon project in South Australia and flagged concerns about the quality of its uranium.
West Australian
2 days ago
- Business
- West Australian
Boss Energy shares plunge on issues at uranium mine
The company behind Australia's first uranium mine in a decade has been hit by a huge share-price plunge after disclosing challenges at its South Australia operation. Boss Energy shares on Monday afternoon were down 42.2 per cent to a three-year low of $1.965 after the Perth-headquartered company made the announcement about its Honeymoon mine, 80km northwest of Broken Hill. Boss said that based on more than 12 months of resumed operations, it had identified "potential challenges" that could prevent Honeymoon from ever achieving its forecast production target of 2.45 million pounds of yellowcake a year. "We're confident that we'll get at least 1,600,000 pounds," chief executive and managing director Duncan Craib told analysts in a conference call on Monday. The issue is production drilling at 15 to 20 metres of spacing has found less uranium mineralisation than Boss had inferred from its 2021 feasibility study, which relied on drilling at 60 or 70-metre spacing. An independent review by experts will commence shortly to determine the extent to which this will affect assumptions from the early feasibility study, Boss said. The Honeymoon mine opened in 2011 but operations were suspended just two years later, after a plunge in the price of uranium. Boss bought the mine in 2015 and it resumed operations in 2024. "It really has been a tremendous achievement that since the start of commissioning in April (2024), we've produced over one million pounds of uranium to date," Mr Craib said. The chief executive, who is stepping down at the end of September, told analysts in response to a question that it was too soon to say how the mineralisation findings might affect Honeymoon's estimated mine life of 10-plus years. "The mine itself is off to a flying start," he said. It is profitable and Boss Energy has no debt, he added.
Perth Now
2 days ago
- Business
- Perth Now
Boss Energy shares plunge on issues at uranium mine
The company behind Australia's first uranium mine in a decade has been hit by a huge share-price plunge after disclosing challenges at its South Australia operation. Boss Energy shares on Monday afternoon were down 42.2 per cent to a three-year low of $1.965 after the Perth-headquartered company made the announcement about its Honeymoon mine, 80km northwest of Broken Hill. Boss said that based on more than 12 months of resumed operations, it had identified "potential challenges" that could prevent Honeymoon from ever achieving its forecast production target of 2.45 million pounds of yellowcake a year. "We're confident that we'll get at least 1,600,000 pounds," chief executive and managing director Duncan Craib told analysts in a conference call on Monday. The issue is production drilling at 15 to 20 metres of spacing has found less uranium mineralisation than Boss had inferred from its 2021 feasibility study, which relied on drilling at 60 or 70-metre spacing. An independent review by experts will commence shortly to determine the extent to which this will affect assumptions from the early feasibility study, Boss said. The Honeymoon mine opened in 2011 but operations were suspended just two years later, after a plunge in the price of uranium. Boss bought the mine in 2015 and it resumed operations in 2024. "It really has been a tremendous achievement that since the start of commissioning in April (2024), we've produced over one million pounds of uranium to date," Mr Craib said. The chief executive, who is stepping down at the end of September, told analysts in response to a question that it was too soon to say how the mineralisation findings might affect Honeymoon's estimated mine life of 10-plus years. "The mine itself is off to a flying start," he said. It is profitable and Boss Energy has no debt, he added.
West Australian
2 days ago
- Business
- West Australian
Boss Energy's shares plummet 39 per cent following disappointing guidance at Honeymoon uranium project
Shares in uranium miner Boss Energy have been pulverised by a poor production outlook, which came just days after its managing director resigned. Boss was trading 39 per cent lower on Monday morning at $2.08 a share, wiping out about $540 million worth of value from the Subiaco-based business. June quarterly production figures at its flagship Honeymoon operation were better than analysts had expected but the company's forecast for the South Australian site furrowed the brows of investors. Honeymoon's cash costs are expected to increase this financial year primarily due to 'an expected decline in average tenor and an optimised lixiviant chemistry'. Higher tenor essentially equates to higher quality uranium and a lixiviant is the chemical concoction used to extract uranium from ore. 'The optimised lixiviant chemistry is expected to be value accretive through improved headgrade and total wellfield recovery but will result in higher specific consumptions and (cash) cost,which has been reflected in the forecast cash cost for FY2026,' Boss stated. A cash cost forecast of between $41 and $45 a pound of drummed uranium has been pencilled in for FY2026, compared to $36/lb for the June quarter. The Honeymoon headaches are expected to continue next financial year. An assessment of wellfield performance since Honeymoon restarted production in April last year has identified some 'potential challenges' going forward. 'Boss has identified potential challenges that may arise in achieving nameplate capacity as previously outlined in the enhanced feasibility study,' the company stated. 'This is largely due to the potential for less continuity of mineralisation and leachability. 'An independent review by subject matter experts will commence shortly to determine the extent to which the above affects EFS assumptions. Boss will keep the market informed.' The share price bloodbath comes less than a week after Boss announced its long-serving chief executive Duncan Craib would step down from the role at the end of September. Mr Craib, who has been Boss' chief since 2017, will then join the board as a non-executive director from the start of next year. Chief operating officer Matt Dusci — a former CEO of IGO — is set to take the reins from Mr Craib. In May last year, just weeks after Honeymoon produced maiden uranium, Mr Craib sold 3.75 million of his 4.24 million shares for an average of $5.63 each to rake in $21.1m. Boss has since lost more than 60 per cent of its value. The company is the third most shorted stock on the Australian Securities Exchange, with fellow Perth-based uranium miner Paladin Energy holding first place. Shares in Paladin on Wednesday lost more than 11 per cent after its production guidance also disappointed the market. Paladin produces uranium from its Langer Heinrich mine in Namibia.
