A 19% jump in digital sales helped to fuel the gains. Better still, Nike’s gross margin increased 1 percentage point to 46.6%, due in part to reduced discounting during the period. Higher direct sales, which tend to be more profitable than the company’s wholesale business, also contributed to Nike’s margin expansion.
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Why did Nike stock go up so much?
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.
Why is Nike a good stock investment?
The company has focused on protecting its margins which grew 190 basis points to 46.3% in the first nine months of 2022. This is largely a result of Nike increasing its revenue at a greater rate than its cost of sales.
Is Nike stock expected to 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 +14.88% increase from the last price of 113.16.
Is Nike stock overpriced?
Considering the price multiples, again Nike is very overvalued since its multiples are far higher than those of its competitors in the same sector.
Is Nike a good stock to buy 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 safe to invest?
The company is also highly profitable, with gross margins over the last decade that have registered in the mid-40s. Unfortunately, while the multiple positives associated with an investment in Nike mean the stock is a relatively safe long term investment, these truths are generally known by savvy investors.
How much should I invest in Nike?
New Nike investors must make at least a $500 initial investment or $50 in recurring investment deposits. Online trading is generally cheaper than traditional alternatives, but there are still some costs to be mindful of.
What is the highest Nike stock has been?
The all-time high NIKE stock closing price was 176.34 on November 05, 2021.
What is Nike target price?
Stock Price Target NKE
| High | $185.00 |
|---|---|
| Median | $130.00 |
| Low | $100.00 |
| Average | $131.71 |
| Current Price | $113.16 |
Who is Nike’s target market?
Although with apparel and sports the market can be broad, for the most part Nike primarily targets consumers who are between the ages of 15-40. The company caters to both men and women athletes equally, and is placing an increasing focus on tweens and teens to build long-term brand loyalty.
Is Nike doing well?
Nike Direct sales were $4.6 billion, up 15% on a reported basis and up 17% on a currency-neutral basis. Nike Brand Digital sales increased 19%, or 22% on a currency-neutral basis, led by 33% growth in North America.
Is Netflix a good stock to buy?
Latest Netflix Inc Stock News
Netflix Inc’s trailing 12-month revenue is $31.0 billion with a 16.4% profit margin. Year-over-year quarterly sales growth most recently was 8.6%. Analysts expect adjusted earnings to reach $10.062 per share for the current fiscal year.
Is Mcdonald’s a good stock to buy?
MCD Still a Long-Term Play
While it’s long past peak perception, the profit and sales growth and rock-solid dividend continue to make MCD stock a good long-term investment for growth investors and income investors alike.
What affects Nike stock?
Some of the things investors should be aware of that impact Nike’s financial and its stock include currency fluctuations, consumer tastes, geopolitical tensions, new technology, and personnel among others.
What makes Nike successful?
By offering more products to more people, in more markets than any other sports company, they are able to capture a far greater market share of the market than any other company. Like most leaders in the market, Nike values the consumer and the importance of providing a quality product.
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 it worth to invest in Nike?
Investors can expect another fruitful year out of Nike in fiscal 2022 (which ends May 31). The analysts consensus forecast calls for full-year revenue of $46.9 billion and EPS of $3.74, translating to 5% growth for both metrics.
What are the best stocks?
Here’s how some of the most widely held stocks in the S&P 500 have performed.
Widely held stocks.
| Company and ticker symbol | Performance year to date (percent) |
|---|---|
| Apple (AAPL) | -8.5% |
| Microsoft (MSFT) | -16.5% |
| Alphabet (GOOGL) | -19.7% |
| Amazon (AMZN) | -19.1% |
Can anyone buy Nike stock?
To buy Nike stock, you need a brokerage account. If you don’t already have one, you’ll have to open one—ideally at a firm with no trading fees and low investment minimums. To expedite your search process, check out our list of the best online brokers and best investment apps.
Who owns Nike now?
Phil Knight
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.