Berkshire's Brooks Running committed to southeast Asia as tariffs take hold
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Brooks Running's Commitment: Despite potential tariffs proposed by President Trump, Brooks Running, owned by Berkshire Hathaway, plans to maintain production in Southeast Asia, emphasizing the quality of shoes made in Vietnam and Indonesia. The company anticipates a price increase for its top-selling shoes due to tariffs but believes demand will remain stable.
Market Outlook and Strategic Hiring: Brooks Running reported a revenue growth of 9% last year and aims for $1.5 billion this year, with a strong market presence in North America and China. However, the company is being cautious with hiring amid economic uncertainty, focusing on strategic roles while continuing to expand partnerships and product offerings.
Analyst Views on NKE
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 76.11 USD with a low forecast of 62.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
14 Buy
7 Hold
0 Sell
Moderate Buy
Current: 65.460
Low
62.00
Averages
76.11
High
110.00
Current: 65.460
Low
62.00
Averages
76.11
High
110.00
About NKE
NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
