The industry with the worst average Zacks Rank would place in the bottom 1%. The Zacks Industry Rank assigns a rating to each of the Forex 265 X Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success.

Wall Street remains upbeat on shares even in the face of a downturn, with 16 Buys, nine Holds, and just one Sell recommendation. Theaverage price forecastof $129.36 implies 15.1% in year-ahead gains. According to analysts, NIKE’s stock has a predicted upside of 17.58% based on their 12-month price targets.

Several funds see value in technology, energy, and communication services. Several funds see value in technology and communication services. Certain low-cost apparel companies have low ESG risks and competitive advantages. Nike closed at $104.12 in the latest trading session, marking a -1.31% move from the prior day. These companies have felt the global impact of a snarled supply chain and rising costs more than most. John Kernan, Cowen Managing Director for Retail & Consumer Brands, joins Yahoo Finance Live to discuss retail trends and the outlook for brands like Nike, Gap, and Yeezy.

Research Reports For Nke

NIKE pays a meaningful dividend of 1.17%, higher than the bottom 25% of all stocks that pay dividends. 0.92% of the outstanding shares of NIKE have been sold short. MarketRank is calculated as an average of available category scores, with extra weight given https://dotbig.com/ to analysis and valuation. In early 2023, we may witness the situation reverse itself, with too much supply and little demand. Apparel inventory gluts can have a near-term dampener on margins, as firms look to discounting and steep markdowns to make space.

• Like Lululemon, the women’s clothing brand was born in Vancouver, British Columbia, and has seen brand affinity take off in recent years.
• While it does face significant competition, we believe it has proven over a long period that it can maintain share and pricing.
• Ukrainian President Volodymyr Zelenskiy said on Friday he had spoken to Nike Inc and thanked the U.S. sportswear maker for making what he called the “right decision” to pull out of Russia.
• Theaverage NKE stock price forecastof $129.36 implies 15.1% in year-ahead gains.
• We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes.

For the last week, the stock has had daily average volatility of 2.89%. Provide specific dotbig review products and services to you, such as portfolio management or data aggregation.

Should You Buy The Dow Jones’ 3 Worst

This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from Forex news 2 to -2 . This is a lower news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.

By David French – Wall Street closed down on Tuesday as traders, already cautious of making new bets on the eve of a U.S. There may be delays, omissions, or inaccuracies in the Information. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. See Zacks’ latest analysis, plus receive daily NKE updates in your http://dotbig.com/markets/stocks/NKE/ Zacks.com Portfolio Tracker – all for free. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index quotes are real-time. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Verify your identity, personalize the content you receive, or create and administer your account.

Nike Hosts Conference Call For Investors

Nike hit a stock price of $5.11 on February 13th, 1998, which represented a decrease of 46% in only one year. Nevertheless, https://finviz.com/forex.ashx patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum.

More News & Analysis On Nke

NIKE has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Like Lululemon, the women’s clothing brand was born in Vancouver, British Columbia, and has seen brand affinity take off in recent years. Though Aritzia offers upscale fashion instead of just athletic apparel, I think the company has a world of growth NKE stock ahead of its as it continues to increase its presence in the U.S. market. Further, some of the top brands in the apparel space may be more resilient than expected if the coming downturn is mild. In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. We view Nike as the leader of the athletic apparel market and believe it will overcome the challenge of COVID-19 despite near-term supply issues.

Dow 3030,706 23

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also dotbig a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Nke Price Targets And Analyst Ratings Nyse:nke

MarketBeat users like NIKE more than other Consumer Discretionary companies. 74.13% of MarketBeat users gave NIKE an outperform vote while consumer discretionary companies recieve an average of 65.38% outperform votes by MarketBeat users. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.04 between high and low, or 3.91%.