Professional
Added to YB: 2024-06-06
Pitch date: 2024-05-09
NKE [bullish]
NIKE, Inc.
-24.45%
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
$99.7B
Pitch Price
$89.72
Price Target
N/A
Dividend
2.43%
EV/EBITDA
19.28
P/E
34.64
EV/Sales
2.20
Sector
Textiles, Apparel and Luxury Goods
Category
growth
RiverPark Large Growth Fund Portfolio Holding: NIKE, Inc.
NKE beat Q2 but cut FY23 guide to 1% growth (from 5%+) on FX, macro (China/EMEA), slower digital, delayed launches. Long-term bullish on global athleisure trend, mix shift to premium/DTC driving margins & mid-teens EPS growth. $50B+ rev, $4.9B FCF, $10B cash. Expect reacceleration in 12mo.
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