Maintaining a Buy Rating for Nike: Balancing Short-Term …

Mar 19, 2024 · Wedbush analyst Tom Nikic maintained a Buy rating on Nike (NKE – Research Report) yesterday and set a price target of $115.00. Tom Nikic h...

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$115.00
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Maintaining A Buy Rating For Nike: Balancing Short-Term …

6 days from now

Mar 19, 2024 · Wedbush analyst Tom Nikic maintained a Buy rating on Nike (NKE – Research Report) yesterday and set a price target of $115.00. Tom Nikic h...

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$0.70
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NIKE, Inc. (NYSE:NKE) Given Average Recommendation Of …

6 days from now

2 days ago · NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating the …

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24%
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Is Nike Stock A Buy, Sell, Or Hold In 2025? | The Motley Fool

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Oct 8, 2024 · Shares are down 24% this year, with an even steeper 52% decline from its all-time high stock price of $171.71 in November 2021. Nike has struggled to navigate shifting …

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$124
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After Earnings, Is Nike Stock A Buy, A Sell, Or Fairly Valued?

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Jul 2, 2024 · We are lowering our fair value estimate of Nike’s stock to $124 per share from $129. The company’s fiscal 2024 fourth-quarter earnings per share of $0.99 surpassed our $0.88 …

morningstar.com

$117
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Maintaining Buy On Nike: Strategic Initiatives And Long-Term …

6 days from now

Mar 22, 2024 · Jim Duffy, an analyst from Stifel Nicolaus, maintained the Buy rating on Nike (NKE – Research Report). The associated price target is $117...

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$92.00
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Nike’s Strategic Turnaround And Innovation Poised For Long-Term …

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Jul 3, 2024 · In a report released today, Krisztina Katai from Deutsche Numis maintained a Buy rating on Nike (NKE – Research Report), with a price target of $92.00. Krisztina Katai’s rating …

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FAQs about Maintaining a Buy Rating for Nike: Balancing Short-Term … Coupon?

Is Nike a good stock to buy?

As the share leader in most countries, Nike is positioned to benefit. Nike’s restructuring efforts to achieve $2 billion in cost cuts and its Triple Double strategy (increased innovation, direct-to-consumer sales, and speed) should allow for improved margins. ...

Should I buy Nike?

The downside is that it will need time to turn around, but in the end, I recommend buying Nike at this price point. Revenue was $12.6 billion in Q4 2024, down 2% from last year's period and $250 million below expectations. Fiscal 2024 revenue was $51.2 billion, practically the same as last year. ...

What is a fair value estimate for Nike?

Our fair value estimate implies a fiscal 2025 price/earnings ratio of 42 and an enterprise value/adjusted EBITDA ratio of 30. Despite the anticipated sales decline in fiscal 2025, we forecast compound average sales growth for Nike of 5% over the next 10 years. ...

Will Nike repurchase $16 billion in stock over the next 5 years?

The company has reduced its share count by roughly 15% over the past decade, and we expect it will repurchase $16 billion (net) in stock over the next five years. We believe companies increase shareholder value when repurchasing shares below our fair value estimates, as has recently been the case for Nike. ...

Does Nike have a direct-to-consumer strategy?

Nike has been investing heavily in its direct-to-consumer efforts in recent years, and we have viewed this as a sound and successful strategy. The firm has been expanding its physical store base and its online operations. Its direct-to-consumer sales accounted for 44% of its Nike brand revenue in fiscal 2024, up from less than 20% before 2015. ...

Why is Nike's gross margin stable?

Nike's gross margin remains stable due to the strong pricing position. The company promptly passes production inflation on to the consumer, even though seasonal discounts and inventory clearance sales remain an important part of its sales strategy. ...