Nike (NYSE: NKE ) is a high ROIC business with sustainable competitive advantages trading at a fair price. The ownership, board and C-suite are aligned with strong incentives and skin-in-the-game. The company also has a simple and understandable capital allocation policy geared towardsValue Investor based in Waimea, Hawaii. -Mauna Kea Capital follows the 4 Mantras of investing: Good Businesses, Alignment of Interests, Margin of Safety, and Superior Capital Allocation.-Specializing in deep value, growth at a ...

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 ...

My last article about Nike, Inc. (NYSE: NKE ) was published four years ago in October 2020 and back then I rated the stock as a “Sell” – and among the nearly 800 articles I have written in last eight years, thereMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large ca ...

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 ...

Nike (NKE) closed the latest trading day at $77.19, indicating a -1.11% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.Heading into today, shares of the athletic apparel maker had lost 5.09% over the past month, lagging the Consumer Discretionary sector's gain of 2.26% and the S&P 500's gain of 0.41% in that time.Market participants will be closely followin ...