Nike Stock Price Forecast Should You Buy Nke?

It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves… At the center of everything we do is a strong commitment dotbig review to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

NKE stock

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. MarketBeat does not provide personalized dotbig broker financial advice and does not issue recommendations or offers to buy stock or sell any security. Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Though technological innovation in the context of clothing may sound gimmicky, there’s no denying that patented fabrics and the sort will allow the company to command higher prices. If anything, the tech and innovation pillar seems more like a means to give its marketing a boost. Sign-up to receive the latest news and ratings for NKE and its competitors with MarketBeat’s FREE daily newsletter.

Key Earnings Data

After a decade of outperformance, these mega-cap stocks are significantly overvalued today. Intraday Data provided NKE stock price today by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

  • NIKE has a short interest ratio (“days to cover”) of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Though technological innovation in the context of clothing may sound gimmicky, there’s no denying that patented fabrics and the sort will allow the company to command higher prices.
  • The P/E ratio of NIKE is 27.15, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.57.
  • 3 Downgraded Must-Have Stocks To Put On Your Watchlist These must-have names for long-term investors are on sale now but may move higher as the q3 earnings reporting season gets underway.
  • It’s clearly the aggressor in apparel, but questions linger as to whether it can stack up against the time-tested Nike brand.
  • Value stocks struggled in July, but we continue to see this category as the best opportunity for long-term investors.

It may seem counterintuitive during times of stress and worry, but bear markets provide investors with many great opportunities to find high-quality stocks to buy on the dip. Barclay’s downgraded the stock to Equal Weight on Tuesday, citing concerns over excess inventory in the company’s wholesale business. Forex news The world famous sportswear brand Nike, Inc. was founded in 1964. Originally the company bore the name Blue Ribbon Sports until changing in 1971. However, it still took some years before Nike, Inc. went public. Its IPO took place on December 2nd, 1980, when over two million shares were issued.

News And Social Media Coverage

This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from NKE stock price today 2 to -2 . This is a lower news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.

Apparel giant Nike Inc. is down marginally since late May when I wrote that the steep decline in the share price made the stock look more attractive. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35.

Financial Performance

The consensus rating for NIKE is Moderate Buy while the average consensus rating for consumer discretionary companies is Buy. The best way to use analyst ratings is to supplement your investment research.

Related News Nke

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. 2.99% during the next 3 months and, with a 90% probability hold a price between $107.29 and $122.91 at the end of this 3-month period. We’d like to share more about how we work and what drives our day-to-day business.

Nke Vs Lulu Vs Atzaf: Which Apparel Stock Is Best?

Nike will announce its quarterly financial results in days. Traders should take this into account as the share price often fluctuates around this time period. is a research service that provides financial data and technical analysis of publicly traded stocks. All users should speak with their financial advisor before buying or selling any securities. Users should not base their investment decision upon

This is a decrease of -24% compared to the previous 30 days. Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. If Nike takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day. With a recession likely closing in, apparel stocks could find themselves under pressure as demand for discretionary or nice-to-have goods takes a faster slide than most other… As we sit in a bear market, investors are looking to buy the best blue-chip stocks they can find. In times of trouble, investors seek comfort in quality and the best blue-chip stocks belong to best-in-b…

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.