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This summary was created by AI, based on 47 opinions in the last 12 months.

Nike Inc. is a global giant and one of the most valuable brands in the world. It has faced challenges in the Chinese market and competition in the shoe business, but continues to maintain strong margins and free cash flow. The company's shift to direct-to-consumer sales is seen as a positive trend, and it has shown resilience during challenging times. Overall, experts have mixed opinions on the stock, with some seeing it as a good long-term investment, while others are cautious due to potential headwinds in the near term.

Consensus
Mixed
Valuation
Fair Value
BUY ON WEAKNESS
Nike Inc

Has sold shares, and bought Target instead. Concerned about China exposure, and US consumer trends. Current share price is under pressure, which could be a good time to invest. Overall, is a quality company. Would buy ~$90/share. 

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BUY ON WEAKNESS
Nike Inc

One of the most valuable brands in the world. Global giant. About 50% off of 2021 highs. Forward growth expectations compounded over 3 years about 16% in terms of earnings, faster growth than what analysts are projecting. This is predicated on margin improvement. Shift to direct-consumer sales is secular tailwind to gross margins. Lots of free cashflow, buying back stock. 23x, cheaper than historical average of 31x. Yield is 1.7%.

He's looking very closely. Hasn't pulled trigger yet.

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DON'T BUY
Nike Inc
One of the five worst performers in Q1

The shoe business has become very competitive, and Nike is considered expensive by consumers watching their money. The latest China news is encouraging, though, and historically Nike shares don't stay down for long. After the bell today, PVH reported an ugly forecast which will infect Nike and other peers.

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DON'T BUY
Nike Inc

Their weakness reflects the Chinese consumer's day of reckoning over American brands, and the government supporting their domestic brands. Look at Tesla. He doesn't know how Nike gets out of this.

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DON'T BUY
Nike Inc
Shares sinking today

Technicals were already week coming into weak guidance. However, speculators are long LULU and this portends weakness short term.

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HOLD
Nike Inc
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS of 77c beat estimates of 74c; revenue of $12.42B beat estimates by 1%. Nike's better-than-expected fiscal 3Q results, coupled with its push on the AIR platform beyond basketball, could drive more product innovation and boost customer interest and sales. Still, guidance for fiscal 4Q sales to be up just slightly and 1H25 sales to fall by low-single digits amid global economic uncertainty is weaker than expected. Revenue for fiscal 2025 could still rise if momentum inflects and turns positive in 2H. A greater push into wholesale to raise visibility, along with product innovation to support the next three years and around the Paris Olympics, are catalysts for upside. Reported sales grew 0.3%, led by a 3% revenue gain in North America and a 4.5% increase in China. EMEA saw weaker results as increased macro volatility and softer customer demand weighed. We would be quite comfortable continuing to hold. 
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Nike Inc
Stockchase Research Editor: Michael O’Reilly

The iconic brand will be front and centre at this summer’s Olympic Games.  It’s a bit expensive at 30x earnings, but we feel the 36% ROE demonstrates its market power to control margins.  We like that cash reserves are growing, while shares are bought back.  We recommend placing a stop loss at $81, looking to achieve $121 — upside potential of 20%.  Yield 1.3%

(Analysts’ price target is $121.62)
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HOLD
Nike Inc

It's too early to say whether this will break out, but she likes it long term. Has a lot of exposure to China and faces more competition than in the past. Not sure if she'd add shares now.

misc consumer products
TOP PICK
Nike Inc

Stock cratered over last 2 years, partly due to slowing sales in China, higher interest rates, and more competition. Remains the largest footwear and sportswear company in the world. Margins are picking up, as more selling through its own channels. This lull is the opportunity to buy an iconic brand with phenomenal profit margins. Should return to double-digit growth next year. 

A great business being ignored by investors. Reinvesting free cashflow in everything they do. The best brand, entrenched. One of the most recognized logos in the world. One 1 major acquisition in last 20 years, Converse, so this has been an organic growth story. Yield is 1.4%.

(Analysts’ price target is $123.39)
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BUY
Nike Inc

Investors fear China is on the verge of a recession or downturn, so shun any stock that has business there. Nike does a lot of business there. But one day, this situation will clear up and Nike will come out of this well.

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PARTIAL BUY
Nike Inc

Sold it last year, because the company reduced earnings estimates, but their multiple stayed high amid concerns in China and their direct-to-consumer business. The company has probably cleaned the decks since then, and can get their topline going again. Rate cuts will help. Is a decent entry point now around $100. Nike has lost a little buzz, but will regain it.

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PARTIAL SELL
Nike Inc

Nike reported and disappointed. Shares falling 11% today. She was terrified going into the quarter, which wasn't terrible. Expected flat revenue growth, yes, but profits beat her expectation. But the outlook was not good. She expects they'll eventually reach around 10% growth, but doesn't know when. They have a product cycle in 2024, but that will take time to get into the system. It's dead money for 6 months or more. This remains 27% up from lows. Is taking profits, though is not buying other stocks during this rally. Expectations, especially over margins, were so high going into this report.

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SELL
Nike Inc

He sold it Nov. 1. He bought is out of momentum, not fundamentals. He sold it out of slowing revenue growth. Is sensitive to the wider economy with global exposure like few apparel companies; he doesn't see improvement in the macros for at least six months. Nike is doing the right things, though: $2 billion in cost cuts and their margins are okay. But Nike is saying China, the Middle East and Europe are weak. He likes TJX, Ross Stores, Burlington and Lululemon instead.

misc consumer products
SELL
Nike Inc

He sold Nike last week. It's a turnaround story, and the last quarterly report said that was indeed in place. But he doubts that now based on the earnings call. First, no signs of help from China (a big customer), but also softening demand in North America. It's dead money for at least months and has to show at least two good quarters to see a lift.

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Showing 1 to 15 of 173 entries

Nike Inc(NKE-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 34

Stockchase rating for Nike Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nike Inc(NKE-N) Frequently Asked Questions

What is Nike Inc stock symbol?

Nike Inc is a American stock, trading under the symbol NKE-N on the New York Stock Exchange (NKE). It is usually referred to as NYSE:NKE or NKE-N

Is Nike Inc a buy or a sell?

In the last year, 34 stock analysts published opinions about NKE-N. 20 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nike Inc.

Is Nike Inc a good investment or a top pick?

Nike Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Nike Inc.

Why is Nike Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nike Inc worth watching?

34 stock analysts on Stockchase covered Nike Inc In the last year. It is a trending stock that is worth watching.

What is Nike Inc stock price?

On 2024-05-17, Nike Inc (NKE-N) stock closed at a price of $92.18.