Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
| Revenue (TTM) | $45.89B |
| Gross Profit (TTM) | $19.92B |
| EBITDA | $4.89B |
| Operating Margin | 7.92% |
| Return on Equity | 21.60% |
| Return on Assets | 6.89% |
| Revenue/Share (TTM) | $30.98 |
| Book Value | $10.26 |
| Price-to-Book | 3.60 |
| Price-to-Sales (TTM) | 1.20 |
| EV/Revenue | 1.198 |
| EV/EBITDA | 12.09 |
| Quarterly Earnings Growth (YoY) | -2.10% |
| Quarterly Revenue Growth (YoY) | -4.30% |
| Shares Outstanding | $1.20B |
| Float | $1.18B |
| % Insiders | 1.95% |
| % Institutions | 82.70% |
Volatility is currently expanding
Nike's (NKE) Jordan brand is gaining ground among sneaker resellers, offering an “encouraging” signal for a business still struggling to regain its footing. Citi's tracking showed Nike captured 72.3% of resale volume in September, a 63bps increase from August, with Jordan driving most of the improvement.
Nike made a calculated bet that shoppers would follow the swoosh wherever it led, and for a while the margin math looked brilliant.
Larry McDonald says the S&P 500's record chasing is hiding lots of companies with sliding stocks. He has ideas on how to play that.
Nike has struggled to show improvements in its sales around the world, especially in China. Management is putting a new plan in place designed to cut costs and enable faster decisions.
Here are five key things investors need to know to start the trading day.
Earlier this month, Nike announced it is expanding into India, a move it said will help widen its global reach and tap into the growing market. Nike has experienced a yearslong slump and a sustained decline in China.
Nike (NKE +5.21%) is informing investors that it believes it has the right strategy in place.
Some beaten-down consumer names are getting a boost as investors pull back from tech stocks.
Nike has handed income investors 24 straight years of dividend growth, but a shrinking business, free cash flow that no longer covers the payout, and a five-year turnaround plan leave this November's announcement hanging by a thread.
The hardest-hit names in consumer discretionary are drawing fresh buyers as money shifts away from the market's favorite trades. Nike (NYSE:NKE | NKE Price Prediction) stock is at $36.
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