2021/05/15 11:45

Revenues for Converse were $2.3 billion, up 6 percent on a reported basis and up 7 percent on a currency-neutral basis, led by double-digit growth in our direct to consumer business, partially offset by lower wholesale revenues. Revenues for Converse were $593 million, Forex news down 1 percent on a reported basis and up 3 percent on a currency-neutral basis, due to wholesale revenue declines offset by growth in our direct to consumer business. Institutional investors have recently added to or reduced their stakes in the business.

NIKE stock

Cash and equivalents and short-term investments were $13.0 billion, $479 million lower than prior year, as free cash flow was offset by share repurchases and dividends. 28 Wall Street research analysts have issued «buy,» «hold,» and «sell» ratings for NIKE in the last year. There are currently 6 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should «moderate buy» NIKE stock. Our discounted cash flow process values each firm on the basis of the present value of all future free cash flows.

Timeline

In the graph above, we show this probable range of fair values for Nike. We think the firm is attractive below $111 per share , but quite expensive above $167 per share . The prices that fall along the yellow line, which includes our fair https://finviz.com/forex.ashx value estimate, represent a reasonable valuation for the firm, in our opinion. We don’t expect any damages to the Nike or Jordan brands in the foreseeable future, but adidas has done well in taking share in U.S. athletic footwear.

NIKE stock

Plus, NKE info will be updated daily in your Zacks.com Portfolio Tracker — also free. Share repurchases of $1.1 billion, reflecting 8.5 million shares retired as part of the four-year, $15 billion program approved by the Board of Directors in June 2018. This transformation insulated Nike from store closures during the onset of the pandemic in fiscal and could shield it from other headwinds Forex for the broader retail sector in the future. Five years ago, Nike launched its «Consumer Direct Offense» to aggressively expand its direct-to-consumer channel by opening more brick-and-mortar stores and expanding its e-commerce platforms. Nike’s headline numbers looked stable, but is the stock still a dependable blue-chip stalwart after losing nearly 40% of its value this year?

Nyse: Nke

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Up 3 percent on a currency-neutral basis, led by 20 percent growth in EMEA. Nike’s gross NKE stock price today margins dipped in fiscal 2020 as the pandemic spread, but they consistently expanded over the following two years. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

  • The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
  • Overhead expenses also rose 8% to $3 billion, mostly due to the company’s investments in its direct sales channel.
  • All users should speak with their financial advisor before buying or selling any securities.
  • NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.
  • I wrote this article myself, and it expresses my own opinions.

You can also engage in tax-loss harvesting, which allows you to sell investments at a loss to offset other taxable gains you make in a year. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or http://dotbig.com/markets/stocks/NKE/ any approach to evaluating indiv idual securities. NIKE Direct revenues were $18.7 billion, up 14 percent on a reported basis and up 15 percent on a currency-neutral basis, led by NIKE Brand digital growth of 18 percent and NIKE-owned stores were up 10 percent. For fiscal 2023, Nike expects its revenue to rise by the low double digits on a currency-neutral basis. Analysts expect its reported revenue and earnings to grow 9% and 19%, respectively, for the full year.