NIKE, Inc.

Last price: $101.53 Updated: 2 years ago 52w range: $88.66 to $131.31 52w change: 15.00% to -23.00% Forward PE: 23.89 Trailing EPS: 3.43 50d average: $109.01 (-7%) 200d average: $107.75 (-6%)
Open: $104.09 Previous close: $104.18 Change: -$2.65 (-2.54%) Day high: $104.30 Day low: $101.12 Volume: 11.51 million Avg. vol 3m: 9.08 million
NYSE NYSE:NKE Cap: 153.83 billion Shares outstanding: 1.2 billion Price hint: 2 Price to book: 10.89 Annual dividend rate: 1.39 Annual dividend yield: 0.01 $0.37 dividend 2 years ago
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NKE

NIKE, Inc., listed as NKE on the NYSE, is one of the world's leading designers, marketers and distributors of athletic footwear, apparel, equipment and accessories. The company was founded in 1964 and is headquartered in Beaverton, Oregon.

Over the years, Nike has consistently proved to be a stable and profitable investment. It has managed to dominate the athletic apparel market, staying ahead of competitors such as Adidas, Under Armour, and Puma. This is not only due to its successful marketing campaigns but also its strategic collaborations with athletes and celebrities, and innovative product offerings.

Nike's financial health is generally strong. In their latest quarterly report, Nike showcased robust performances despite the pandemic-induced challenges. This shows that the company has been successful in leveraging its digital capacity and direct-to-customer approach.

The future outlook of Nike remains positive. They are prioritizing direct-to-consumer sales, a strategy that reduces their dependence on retailers and helps increase their profit margin. Additionally, their investments in digital platforms have seen substantial return amid the pandemic and this trend is likely to continue post-pandemic as well. Nike's continued push for innovation in their products will also likely contribute to future growth.

However, like any investment, it's not without its risks. Nike is susceptible to shifts in consumer preferences and could face adverse impacts from increasing competition or reduced demands for its products. There are also risks linked to potential supply chain disruptions, unfavorable foreign exchange rates, and increasing production costs.

Overall, an investment in Nike should be considered as part of a diversified portfolio and based on individual risk tolerance and investment goals.

1 Feb 2024

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