Added to YB: 2024-08-16
Pitch date: 2024-08-15
NKE [bullish]
NIKE, Inc.
-15.5%
current return
Author Info
No bio for this author
Company Info
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic and casual footwear, apparel, equipment, accessories, and services for men, women, and kids in North America, Europe, the Middle East, Africa, Greater China, the Asia Pacific, and Latin America.
Market Cap
$99.7B
Pitch Price
$80.21
Price Target
N/A
Dividend
2.43%
EV/EBITDA
19.28
P/E
34.64
EV/Sales
2.20
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Confessions Of A Sell-Side Analyst: The Potential Nike Turnaround
NKE: Turnaround potential after Olympics. Key areas: 1) Revive running innovation (4-yr process) 2) Compete in larger apparel market 3) Build physical DTC skillset. Challenges: Sponsorship costs limit store expansion, poor store ops. CEO change likely post-Olympics. Succession difficult (UA, LULU examples). Adidas turnaround under Rorsted shows potential with right leadership.
Read full article (14 min)