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Nike stock has been pushed down to levels that look cheap on a historical basis. The company is now trading at roughly 20 times trailing-12-month profits and approximately 24 times this year's ...
August 13, 2024 at 3:26 PM. Shares of Nike (NYSE: NKE) were moving higher today after the sportswear company seemed to benefit from a cooler-than-expected Producer Price Index (PPI) report ...
Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ] The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971.
The consensus rating on Nike from 37 analysts is a 2.1 out of 5, indicating “buy,” with an average price target of $140.10 in a range of $96, which is lower than the current price. Seven rated ...
Here are five reasons long-term investors should be scooping up shares of the Swoosh today. 1. Nike still dominates professional sports. Nike's competitive moat starts and ends with its branding ...
Anders Bylund, The Motley Fool. July 7, 2024 at 12:29 AM. Shares of Nike (NYSE: NKE) fell 20.7% in June 2024, according to data from S&P Global Market Intelligence. The athletic apparel and ...
During the three-month period that ended May 31, which is Nike's fiscal 2024 fourth quarter, the business reported revenue of $12.6 billion. This was down 2% year over year and missed consensus ...