NKE

Nike, Inc.

Consumer


Presented:08/10/2020
Price:$105.41
Cap:$164.43B
Current Price:$82.12
Cap:$122.24B

Presented

Date08/10/2020
Price$105.41
Market Cap$164.43B
Ent Value$157.59B
P/E Ratio66.74x
Book Value$5.17
Div Yield0.91%
Shares O/S1,559.87M
Ave Daily Vol6,875,604
Short Int1.13%

Current

Price$82.12
Market Cap$122.24B
NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight on January 25, 1964 and is headquartered in Beaverton, OR.

Publicly traded companies mentioned herein: eBay Inc (EBAY), Nike Inc (NKE), ServiceNow Inc (NOW)

Highlights

The presenter is long shares of Nike Inc (NKE), which he feels has 35% upside from its current share price of ~$105. His bullishness stems from NKE’s position as the market leader in the fast-growing athletic footwear and apparel industries, the company’s ongoing transformation that should accelerate sales and margin growth, and a strong management team. Given these factors, he views Street estimates as conservative. As NKE executes and beats these expectations, he anticipates the market rerating the stock upward to his ~$138 price target. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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