China is the third-biggest market for this running shoe giant, but even with that country in lockdown last year, Nike lost only 3% of sales in that territory while all retail sales dropped 5.9% (November 2022 vs. November 2021) and all shoe and clothing sales plunged 15.6%. Talk about consumer loyalty. Read China reopens for our full analysis.
Likes their Chinese business and management. The top sports clothing company in the world.
Undervalued. Shares fell from $135 two years ago to below $122 today. Was China Nike's Achilles' heel and have the Jordan shoes faded by now? Nike just reported that Chinese sales are accelerated while Jordan sales remain as strong as ever. And their direct-to-consumer business is a success; two years ago it was iffy. China's reopening will be explosive to Nike's numbers (in a good way). Nike is the number-one way to play China's reopening.
Will benefit huge as China reopens, and Nike sold well there even during Nike's downturn. Remains very popular in China.
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
In the last year, 11 stock analysts published opinions about NKE-N. 9 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nike Inc.
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11 stock analysts on Stockchase covered Nike Inc In the last year. It is a trending stock that is worth watching.
On 2023-05-26, Nike Inc (NKE-N) stock closed at a price of $107.51.
The last quarter has seen a major improvement in revenue growth and shares now have price momentum