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 stock a Buy in 2022?
Key Points. Nike turned out mid-single-digit total revenue and earnings growth in fiscal 2022. The company should have the flexibility to keep growing its dividend. The stock is reasonably priced for its growth prospects.
Is Nike a buy sell or hold?
NIKE has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 20 buy ratings, 10 hold ratings, and no sell ratings.
Will Nike stock go up?
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 +12.07% increase from the last price of 116.00.
Is it better to invest in Nike or Adidas?
The answer is simple – Nike is more efficient. The American giant provides more value to the investors than its German peer. Nike has a higher net profit margin of 13%, while adidas only has 9.6%. adidas’ gross margin is higher, but this is due to a higher share of the apparel in their revenue.
Is Nike a buy now?
– Sell. Zacks’ proprietary data indicates that NIKE, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the NKE shares relative to the market in the next few months.
Why is Nike stock going up?
Yet the stock, which initially rose on the news, gave up its gains following the company’s conference call, during which management said it expects revenue in its current fiscal first quarter to be flat or just slightly up from $12.25 billion in the year-ago period. Consensus calls for sales to climb to $12.34 billion.
What is the highest Nike stock has been?
The all-time high NIKE stock closing price was 176.34 on November 05, 2021.
Does Nike pay a dividend?
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.
Is Nike a hold?
Therefore, even though Nike is trading near its 52-week low, the shares forward P/Es and PEGs are in line with historic averages, indicating the stock is rather richly priced. Consequently, I rate NKE as a HOLD.
Is Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $149.43 per share. The latest price of the firm is $116.01. At this time, the firm appears to be undervalued.
2022-09-02.
| Low | Estimated Value | High |
|---|---|---|
| 113.66 | 116.15 | 118.64 |
What is Nike target price?
Stock Price Target NKE
| High | $185.00 |
|---|---|
| Median | $130.00 |
| Low | $100.00 |
| Average | $131.71 |
| Current Price | $118.06 |
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.
Is Adidas a good long-term stock?
Over the past 5 years, Adidas stock has been a much better investment as it rewarded shareholders with a 300% return compared to Nike with a 100% return.
Is Adidas stock worth buying?
Valuation metrics show that Adidas AG may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of ADDYY, demonstrate its potential to perform inline with the market. It currently has a Growth Score of A.
Which is better Under Armour or Nike?
If you are a casual customer who wants to learn more about their running habits, Under Armour may be the perfect choice for you. Check out their collection on UnderArmour.com. If you are looking for a classic and reliable choice, then Nike is surely a purchase that you are not likely to regret.
Is Apple a buy or sell?
Today AAPL ranks #4414 as buy candidate.
What is the forecast for Apple stock?
Apple Inc (NASDAQ:AAPL)
The 37 analysts offering 12-month price forecasts for Apple Inc have a median target of 185.00, with a high estimate of 220.00 and a low estimate of 136.00. The median estimate represents a +6.23% increase from the last price of 174.16.
Most analysts still kept favorable ratings on Nike’s stock. The price target reductions follow reductions by many investment firms in recent weeks due to concerns over the impact of lockdowns in China. The company updated its outlook after reporting fiscal fourth-quarter results that topped Wall Street targets.
Why Nike is falling?
First, Nike projected another profit margin decline in its fiscal first quarter. Second, the chain revealed a 24% increase in its inventory holdings, putting it in a risky position if consumer demand weakens significantly.
What is happening with Nike?
Covid related shutdowns also resulted in Nike losing weeks of production since July, while rail and port congestion lengthened lead times for goods to arrive in North America and the EMEA regions. However, these issues appear to be short-term in nature and should likely not impact the long-term growth of the company.