Nike: Unlimited Youth
https://www.youtube.com/watch?v=SEf7MoQYgzE
Nike (NKE) analysts expect the company to show earnings growth of 10.76% next year, and then post an average growth rate of 14.01% over the next five years.
With the stock recently snapping downward resistance, making higher price highs and higher price lows, we believe now is the time to get in on the cheap before this one really begins to run on us.
lower stock prices and a valuation of 2.6 time sales and 23 times make Nike an attractive stock for long-term investors.
For those of the buy-and-hold persuasion, now is the time to cautiously, but strongly, move into a bigger position.
The footwear and apparel markets are clearly growing despite slowdowns in economies like China and Brazil.
Valuation
Even despite its 24% share price collapse over the last year, Nike’s stock still trades at a forward P/E ratio of 21.3 and offers a small dividend yield of 1.3%, which is about in line with the stock’s five-year average yield.
Sales jumped 7% year-over-year, with running apparel up 8% and Jordan brand sales better by 13%.
Sportswear revenues climbed 17% in the period.
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