Professional
Added to YB: 2025-05-08
Pitch date: 2025-03-15
NKE [neutral]
NIKE, Inc.
-4.76%
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
$97.4B
Pitch Price
$70.84
Price Target
143.30 (+112%)
Dividend
2.49%
EV/EBITDA
18.83
P/E
33.81
EV/Sales
2.15
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pershing Square Holdings Portfolio Holding: NIKE, Inc.
NKE (converted to deep ITM calls): Iconic athletic brand with dominant market position & strong growth history now underperforming after strategic missteps by prior CEO. New CEO Elliott Hill (32-yr Nike vet) to lead turnaround via reinvigorated sports focus, brand marketing & wholesale relationships. Near-term margin pressure but positioned for high-single-digit revenue growth & 2x current margins medium-term.
Read full article (2 min)