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Let's take a look at $NKE
Current Price: $127.11
52/wk High: $147.95
52/wk Low: $84.11
Market Cap: $200.83 Billion
Dividend Payout: $1.10 / Share
Read Below for Break Down
Current Price: $127.11 52/wk High: $147.9552/wk Low: $84.11Market Cap: $200.83 Billion
Dividend Payout: $1.10 / Share
Read Below for Break Down
Nike is a growth company that creates innovative, must-have products. Builds deep, personal connections with consumers. And delivers an integrated marketplace with compelling retail experiences.
In Recent News: Nike is releasing the Zion Williamson shoe on April 23rd. Also, is facing boycott calls after a number of nations imposed sanctions on China over alleged human-rights abuses in the region of Xinjiang. A slowdown in the China market may cause lower margins in 2022
Nike's Dividend Annual Payout is $1.10/ Share which is a .87% Yield.
The quarterly payment is $.275
The 5-year growth rate of the dividend is 11.63%. Therefore, The Dividend will double in approx. 6.2 years.
19 Year Growth Streak
The quarterly payment is $.275
The 5-year growth rate of the dividend is 11.63%. Therefore, The Dividend will double in approx. 6.2 years.
19 Year Growth Streak
Third-quarter reported revenues were $10.4 billion, up 3 percent compared to the prior year and down 1% on a currency-neutral basis, led by Greater China reported revenue growth of 51%
NIKE Brand digital sales increased 59%, or 54 % on a currency-neutral basis, with strong double-digit increases in all geographies
Shifting to the Balance Sheet. Numbers are solid, Expect debt is fairly high
Total Debt: 9.4B
Total Liabilities: $12.6B
Total Assets: $31.3B
Cash & Short Term Inv: $12.5B
Total Debt: 9.4B Total Liabilities: $12.6BTotal Assets: $31.3BCash & Short Term Inv: $12.5B
Nike's debt to equity ratio is 78.9% which is considered high and the ratio has increase from 16.5% to 78.9% over the past 5 years.
But Nike debt is well covered by the operating cashflow (49.3%)
But Nike debt is well covered by the operating cashflow (49.3%)
On a valuation basis, Gap does trade at a premium.
Price to Sales: 5.69x
Price to Book: 16.82x
Price to Earnings: 59.4x
Price to FCF: 53.67x
Price to Sales: 5.69xPrice to Book: 16.82xPrice to Earnings: 59.4xPrice to FCF: 53.67x
Let's see how the Management team is doing
Return on Equity: 34.41%
Return on Assets: 10.1%
Return on Invested Capital: 17.01%
Management is doing an effective job.
Return on Equity: 34.41%Return on Assets: 10.1%Return on Invested Capital: 17.01%Management is doing an effective job.
Given the numbers, analysts offering 12 month price targets for NKE in the last 3 months. The average price target is $167.05 representing a 39.94% increase.
The high being $190 representing a 49.4% increase.
The low being $140 representing a 10.1% increase.
The high being $190 representing a 49.4% increase.
The low being $140 representing a 10.1% increase.
Big Money is heavily involved with 83.90% of shares held by institutions.
Top 3 being:
Vanguard
Blackrock
State Street Corp
Top 3 being:
Vanguard
Blackrock
State Street Corp
Technical Analysis
RSI is 35 which is considered fairly low.
The bars are touching the 200MA which is representing a good buying opportunity on the dip.
RSI is 35 which is considered fairly low.
The bars are touching the 200MA which is representing a good buying opportunity on the dip.
In Conclusion, Nike has solid fundamentals and is set for growth as we recovering from COVID-19. Also, is giving an opportunity to buy the dip.
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@ProfitRocketc
Would love to hear feedback!
Note: This is not financial advice.
@ProfitRocketc
Would love to hear feedback!
Note: This is not financial advice.
Independent research was done by
@bilal9623
@bilal9623
