Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-20
NKE [bullish]
NIKE, Inc.
-18.73%
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
$83.02
Price Target
124.00 (+84%)
Dividend
2.49%
EV/EBITDA
18.83
P/E
33.81
EV/Sales
2.15
Sector
Textiles, Apparel and Luxury Goods
Category
value
NIKE, Inc.: CEO Switch Is Part of Plan to Return to Winning Ways; Shares Undervalued
NKE: CEO switch to Elliott Hill aims to address sales slump. $124 FVE, shares undervalued. Short-term challenges but expect mid-single-digit growth, margin improvement to high teens. Wide moat from brand. China growth potential. Risks: competition, economic uncertainty. Exemplary capital allocation with dividends & buybacks.