Professional
Added to YB: 2025-03-28
Pitch date: 2024-12-31
NKE [neutral]
NIKE, Inc.
-9.44%
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
$74.50
Price Target
N/A
Dividend
2.49%
EV/EBITDA
18.83
P/E
33.81
EV/Sales
2.15
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
RiverPark Large Growth Portfolio Holding: NIKE, Inc.
NKE (holding update): Q2 beat ($13.4B rev, $1.9B EBIT, $1.03 EPS) but Q3 guidance poor (double-digit rev decline). New CEO cites issues: sports focus loss, weak marketing, over-centralization, excessive digital focus. Long-term bullish on active wear trend. $50B+ rev, $6.7B FCF, $10B cash. Expect mid-teens+ EPS growth long-term, reacceleration in 12 months.
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