Nike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to competitors and held talks with other companies. Under the terms of the deal, Nike will continue to be the exclusive provider of uniforms and sideline, practice and base layer apparel for all 32 NFL teams through 2038. Nike has been the NFL's exclusive apparel provider since 2012. "This partnership renewal is a testament to the strength and success of our collaborati ...

Core Insights - Nike is identified as a high Return on Invested Capital (ROIC) business with sustainable competitive advantages, currently trading at a fair price [1] - The ownership structure, board, and executive team are aligned with strong incentives, indicating a commitment to the company's success [1] - Nike has a straightforward capital allocation policy that is designed to appeal to value investors [1] Company Analysis - The company operates under the principles of good businesses, alignment of interests, margin of safety, and superior capital allocation [1] - Nike's management has a vested interest in the company's performance, which enhances accountability and strategic decision-making [1] - The investment philosophy emphasizes deep value, growth at a reasonable price, and special situations, indicating a comprehensive approach to investment opportunities [1]

Needham analyst Tom Nikic initiated Nike, Inc. NKE with a Buy rating and a price forecast of $84.The analyst suggests that Nike’s worst may nearly be over, with the recent CEO transition from John Donohoe to Nike veteran Elliott Hill seen as a major turning point – “Nike’s proverbial white knight.”The analyst also acknowledges that management accepts past mistakes and takes decisive steps to correct them.Although these strategies may pressure profits on P&L in the short term, they are viewed as the right mo ...

NIKE Inc. (NKE) has been on a growth trajectory, backed by its strong market share and popular brands. However, the current forward 12-month price-to-sales (P/S) multiple of 2.28X raises concerns about whether the stock's valuation is justified. This multiple is significantly higher than the Zacks Shoes and Retail Apparel industry average of 2.18X, making the stock seem relatively expensive.At 2.28X P/S, the Swoosh brand owner is trading at a much higher valuation than its competitors. Its competitors, such ...

Despite the fact that it still sits in the top spot in its space, engineering a rebound might take time. In its latest quarterly report, management didn't provide any guidance. For that, we'll have to wait until the new CEO strategizes the company's way forward.Some of the declines Nike endured during its fiscal first quarter were actually intentional -- the expected results of the company pivoting away from some of its previous strategies. For example, it cut the amount of inventory going to its direct-to- ...

Nike (NKE) closed the latest trading day at $73.91, indicating a -1.31% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.4%. At the same time, the Dow lost 0.28%, and the tech-heavy Nasdaq gained 1.04%.Shares of the athletic apparel maker have depreciated by 8.09% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 5.04% and the S&P 500's gain of 0.62%.Market participants will be closely following the financi ...

More than a few companies that did well in the past are out of favor with investors. And that could spell opportunity. The S&P 500 (^GSPC 0.38%) has a lot of winners in its ranks, which is why the famous stock market barometer is up more than 31% since the start of 2024 as I write this. Yet in any collection numbering hundreds of stocks, there are bound to be some laggards, and that's the case with this closely watched index. As we prepare to leave this year behind, this is a look at a now-undervalued pair ...

Analyst Background and Focus - The analyst has a background in sociology with a Master's Degree in Sociology and a Bachelor's Degree in Sociology and History, focusing on organizational and economic sociology [1] - The analyst specializes in high-quality companies with competitive advantages (economic moats) and high defensibility, aiming for long-term market outperformance [1] - The analyst primarily covers European and North American companies, with no restrictions on market capitalization, ranging from large-cap to small-cap companies [1] Previous Analysis and Disclosure - The analyst previously rated Nike, Inc (NYSE: NKE) as a "Sell" in October 2020, based on an analysis conducted four years ago [1] - The analyst holds a beneficial long position in shares of BABA and TCEHY through stock ownership, options, or other derivatives [2] - The analyst wrote the article independently, expressing personal opinions without receiving compensation (other than from Seeking Alpha) and has no business relationship with any mentioned companies [2]

Nike (NKE) closed the latest trading day at $77.98, indicating a +1.02% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.43%. Shares of the athletic apparel maker have depreciated by 4.5% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 1.35% and the S&P 500's loss of 0.54%. Analysts and investors alike will be keeping a close ...

I recommend buying NIKE, Inc. (NYSE: NKE ) stock. The global macroeconomic environment seems very susceptible to consumer spending, given that inflation is well controlled in developed economies and emerging markets, a combination that is difficult to achieve. More than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions. Analyst's Disclosure: I/we have no stock, option or similar derivative position in ...