Professional
Added to YB: 2026-05-21
Pitch date: 2026-04-07
NKE [bullish]
NIKE, Inc.
+0.64%
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
$63.0B
Pitch Price
$43.91
Price Target
N/A
Dividend
3.85%
EV/EBITDA
13.25
P/E
28.07
EV/Sales
1.42
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Matrix Asset Management New Position: NIKE, Inc.
NKE (new position): Down 65% from 2021 high of $179; EPS fell from $3.56 to est $1.55. New CEO in 2024 fixing wholesale relationships & brand focus after DTC misstep. Challenges: China weakness, tariffs, lower-cost competition, high inventory. Significant insider buying <$60. Turnaround will take time but risk/reward attractive at current price.
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