Thread by @ProfitRocketc, Let's take a look at $NKE Current Price: $127.11 52/wk High: $147.9552/wk [...]

Let& #39;s take a look at $NKE

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete"> Current Price: $127.11

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete"> 52/wk High: $147.95

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">52/wk Low: $84.11

Market Cap: $200.83 Billion

Dividend Payout: $1.10 / Share

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> Read Below for Break Down

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">

Let& #39;s take a look at $NKEhttps://abs.twimg.com/emoji/v2/... draggable=

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& #39;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

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

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete"> Total Debt: 9.4B

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete"> Total Liabilities: $12.6B

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Total Assets: $31.3B

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Cash & Short Term Inv: $12.5B

Nike& #39;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%)

On a valuation basis, Gap does trade at a premium.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Price to Sales: 5.69x

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Price to Book: 16.82x

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Price to Earnings: 59.4x

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Price to FCF: 53.67x

Let& #39;s see how the Management team is doing

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Return on Equity: 34.41%

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Return on Assets: 10.1%

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">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.

Big Money is heavily involved with 83.90% of shares held by institutions.

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.

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.

Independent research was done by
@bilal9623

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