Considering the last three quarters, Nike’s revenue was up 7% y-o-y to $34.5 billion, while profitability rose 9% y-o-y to $2.91 per share. The company has focused on protecting its margins which grew 190 basis points to 46.3% in the first nine months of 2022.
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Is Nike a good long term investment?
Nike is a stock you’ll want to buy and hold for the long term. The shares probably won’t gain overnight. But Nike’s earnings prospects look positive. These potentially strong earnings are likely to push the stock higher over time as they did in the past.
What is the future of Nike stock?
Based on 27 Wall Street analysts offering 12 month price targets for Nike in the last 3 months. The average price target is $128.87 with a high forecast of $156.00 and a low forecast of $100.00. The average price target represents a 11.03% change from the last price of $116.07.
Is Nike a good growth stock?
The Bottom Line. Nike is a sound stock based on its steady stock performance and growth in earnings per share, revenue and net income, strong balance sheet, and management approach. But there is no risk-free stock—not even Nike.
Which is best stock buy for long term?
Long term is usually a period of more than 5 years for investors.
Best Stocks to Buy in India for Long Term.
| S.No. | Long Term Stocks India | Industry |
|---|---|---|
| 1. | Reliance Industries | Multinational Conglomerate |
| 2. | Tata Consultancy Services (TCS) | Information Technology |
| 3. | Infosys | Information Technology |
| 4. | HDFC Bank | Banking |
Is Nike a risky investment?
Nike Investment Opportunity
22 of all equities and portfolios are less risky than Nike. Compared to the overall equity markets, volatility of historical daily returns of Nike Inc is lower than 22 () of all global equities and portfolios over the last 90 days.
Is Nike worth investing in?
Considering the last three quarters, Nike’s revenue was up 7% y-o-y to $34.5 billion, while profitability rose 9% y-o-y to $2.91 per share. The company has focused on protecting its margins which grew 190 basis points to 46.3% in the first nine months of 2022.
How Much Will Nike stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the “NKE” stock price prognosis for 2027-08-13 is 215.734 USD. With a 5-year investment, the revenue is expected to be around +85.31%. Your current $100 investment may be up to $185.31 in 2027. Get It Now!
Will Nike stock keep going up?
The 29 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 100.00. The median estimate represents a +14.04% increase from the last price of 114.00.
Will Nike go back up?
They’re calling for 6% year-over-year growth for the current fiscal 2022 year, but expect 14% growth in 2023 and 10% in fiscal 2024. Nike’s direct sales could continue growing, and the company’s already brought its brand into the metaverse, which could eventually create potential new opportunities.
Why is investing in Nike a good idea?
From 2011 through 2021, Nike more than doubled annual revenue while more than tripling its yearly diluted earnings per share. Nike’s focus on direct-to-consumer sales is serving investors well.
What are the weaknesses of Nike?
Nike’s Weaknesses – Internal Strategic Factors
- Poor Labor Conditions in Foreign Countries – In the last 20 years, Nike has been consistently targeted regarding their poor labor conditions.
- Retailers Have a Stronger Hold – Nike’s retail sector makes Nike weak due to its sensitivity against pricing.
How is Nike doing financially?
Revenues for NIKE, Inc. increased 5 percent to $10.9 billion compared to the prior year and were up 8 percent on a currency-neutral basis. Revenues for the NIKE Brand were $10.3 billion, up 8 percent compared to prior year on a currency-neutral basis, led by 13 percent growth in EMEA.
List of Best stocks below Rs 20 in India 2022 based on M-cap
| Name | Market Cap (Cr.) | Close Price (Rs.) |
|---|---|---|
| Yes Bank Ltd | Rs. 32,195.65 | 12.85 |
| Indian Overseas Bank | Rs. 31,756.05 | 16.80 |
| Indian Railway Finance Corp Ltd | Rs. 25,810.30 | 19.75 |
| Central Bank of India Ltd | Rs. 14,974.62 | 17.25 |
Write Query
| Name | LTP | Change(6-month%) |
|---|---|---|
| Maruti Suzuki India .. | 9003.7 | 4.9% |
| Bajaj Finance Ltd. | 7286.1 | 3.1% |
| State Bank of India | 526.0 | 1.8% |
| Kotak Mahindra Bank .. | 1846.4 | 0.9% |
Which stock has highest return in last 10 years?
Which are the stocks that generated magnificent returns in the past 10 years?
| Company Name | 17-Aug-11 | 10 year CAGR |
|---|---|---|
| Titan Company Ltd. | 210.4 | 24.4% |
| Kotak Mahindra Bank Ltd. | 222.8 | 23.2% |
| Tech Mahindra Ltd. | 179.0 | 23.0% |
| Hindustan Unilever Ltd. | 316.4 | 22.9% |
Is Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $149.34 per share. The latest price of the firm is $116.32. At this time, the firm appears to be undervalued.
USD 116.32 0.25 0.22%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
Why Nike stock is increasing?
Nike Stock Rallies After Strong Earnings Report
Shares of Nike gained strong upside momentum after the company released its fiscal third quarter earnings report. The company reported revenue of $10.9 billion and GAAP earnings of $0.87 per share, beating analyst estimates on both earnings and revenue.
What are the best stocks to invest in?
| Best Value Stocks | ||
|---|---|---|
| Price ($) | 12-Month Trailing P/E Ratio | |
| United States Steel Corp. (X) | 23.32 | 1.4 |
| NRG Energy Inc. (NRG) | 38.46 | 2.3 |
| Azenta Inc. (AZTA) | 70.02 | 2.4 |
Whats wrong with Nike stock?
Nike (NKE -2.24%) is having a rough start to 2022. The stock is down 21% through the first two months, and the company is hampered with output disruptions due to the pandemic and its myriad consequences. Fortunately, consumer demand for its products is resilient.
Is Nike a good dividend stock?
Based on 31 analyst estimates, Nike is expected to report a full-year EPS of $4.92 for the 2019 fiscal year. Therefore, based on its forward annual dividend of $1.12 and its expected EPS for the 2019 fiscal year, Nike should have a dividend payout ratio of 26.17% and a dividend coverage ratio of 3.82.