Nike Is a Growth Company.
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What type of stock is Nike?
Key Data
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Discretionary |
| Industry | Shoe Manufacturing |
| 1 Year Target | $130.00 |
Is Nike a growing company?
The biggest positive for Nike that occurred in fiscal 2022 was the 14.4% year-over-year growth in its direct-to-consumer and digital sales channel called Nike Direct. Revenue surged to $18.7 billion, which pushed its share of the company’s Nike brand sales to 42.1%.
What is Nike’s long term growth rate?
NKE Growth Grade
| NKE | NKE 5Y Avg. | |
|---|---|---|
| EPS Diluted Growth (FWD) | 9.90% | 16.25% |
| EPS FWD Long Term Growth (3-5Y CAGR) | 10.68% | 15.14% |
| Levered FCF Growth (YoY) | -48.40% | 16.93% |
| Free Cash Flow Per Share Growth Rate (FWD) | 4.98% | 22.82% |
What is Nike’s growth strategy?
As with previous years, Nike is honing in on digital and DTC. The company is expecting to reach 50% digital — through its own channels and its partners — by 2025 (from 35% now). DTC is currently nearly 40% of the business, and will be 60% by 2025, Friend said.
Is Nike a preferred stock?
NIKE annual total common and preferred stock dividends paid for 2020 were $-1.452B, a 9.01% increase from 2019.
Compare NKE With Other Stocks.
| NIKE Annual Total Common and Preferred Stock Dividends Paid (Millions of US $) | |
|---|---|
| 2019 | $-1,332 |
| 2018 | $-1,243 |
| 2017 | $-1,133 |
| 2016 | $-1,022 |
Is Nike a good stock to own?
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.
Why is Nike a growth company?
Nike’s consistent focus on product and marketing innovation should help keep it poised for growth. Nike’s focus on brand recognition and growth via endorsements, along with investments in research and development (R&D) and demand generation, should continue to pay off.
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.
Why is Nike a good stock?
Latest Nike Inc (NKE) Stock News
Currently, Nike Inc’s price-earnings ratio is 40.7. Nike Inc’s trailing 12-month revenue is $46.2 billion with a 13.2% profit margin. Year-over-year quarterly sales growth most recently was 15.6%. Analysts expect adjusted earnings to reach $3.576 per share for the current fiscal year.
Is Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $130.91 per share. The latest price of the firm is $113.16. At this time, the firm appears to be undervalued.
USD 113.16 2.85 2.46%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
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.
What is Nike dividend growth rate?
From its 1985 to 2019 after adjusting for its stock splits, Nike paid out quarterly dividends ranging from 0.5 cents per share in 1985 to 88 cents per share in 2019. Over the past three years, Nike’s dividend has increased by an average of 15.8% per year.
Who is Nike’s main competitors?
Nike competitors include adidas, New Balance, Skechers U.S.A., Steve Madden and ASICS America. Nike ranks 1st in Overall Culture Score on Comparably vs its competitors.
What makes Nike different from its competitors?
What makes Nike unique? Core associations for Nike include: innovative technology, high quality/stylish products, joy and celebration of sports, maximum performance, self-empowerment and inspiring, locally and regionally involved, and globally responsible.
What are Nike’s weaknesses?
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.
What is Nike’s par value?
Related to NIKE Class A Common Stock. Class A Common Stock means the Class A Common Stock, par value $. 01 per share, of the Company.
How much Nike does Phil Knight own?
Phil Knight controls 24 percent of the world’s largest athletic shoe and sports apparel company, Nike. He holds Class A and Class B shares through a Delaware-based holding company appropriately named “Swoosh”. Knight’s son Travis owns 10 percent of Swoosh, although they are still credited to Phil.
Does Nike have treasury stock?
NIKE’s treasury stock & other last quarter was $318 million. NIKE’s treasury stock & other for fiscal years ending May 2018 to 2022 averaged $4.2 million. NIKE’s operated at median treasury stock & other of -$56 million from fiscal years ending May 2018 to 2022.
What is the forecast for Nike stock?
Stock Price Forecast
The 28 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 +14.88% increase from the last price of 113.16.
Is Nike a hold?
USD 113.16 2.85 2.46% Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Nike Inc is ‘Hold’.