Added to YB: 2025-01-02
Pitch date: 2024-12-28
NKE [bullish]
NIKE, Inc.
-44.71%
current return
Author Info
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Company Info
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic 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
$60.1B
Pitch Price
$72.73
Price Target
97.00 (+136%)
Dividend
4.05%
EV/EBITDA
10.22
P/E
19.29
EV/Sales
1.34
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Nike, Inc. – I am optimistic (A Deep Dive)
NKE: Nike down 57% from 2022 high on lack of innovation, DTC strategy missteps. New CEO Elliott Hill, Nike veteran, aims to revitalize wholesale partnerships, focus on sports/athletes. Q2 revenue -8% YoY, margins pressured. Turnaround will take time. $97 price target, 10-12% potential annual return.
Read full article (17 min)