Nike: Buy The Dip [Seeking Alpha]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.nike.com/home/default.aspx
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Source: Seeking Alpha
Summary Nike (NKE) has been dropping lately. However, I see the price drop as being market-related. This company continues to deliver in terms of revenue and earnings growth. The current price could be a good opportunity for an investor to buy the dip. Nike ( NKE ) is a stock that I recently argued one buys regardless of price. The company has a renowned brand worldwide, and has shown growth even at high valuations. That said, the recent drop that we have seen in the stock has been particularly acute, down to a price of $73.35 at the time of writing: Source: investing.com What is the reason for the sudden drop, and does this represent a buying opportunity for investors? Essentially, the stock has been pulling back as a result of fears that the stock may well be overvalued at this point. However, we see that so far this year, earnings growth has kept up with price: Source: ycharts.com Moreover, with China bei
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NKE
News
- Zvelle Closes Women's Business, Becomes Men's Only Footwear Brand [Yahoo! Finance]Yahoo! Finance
- The History of Cole Haan: How the American Shoe Brand Became Part of Nike and Changed the Office Dress Code [Yahoo! Finance]Yahoo! Finance
- The new Hoka Skyward X is a super trainer — and maybe the brand's best shoe yet [CNN]CNN
- Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business [Yahoo! Finance]Yahoo! Finance
- The Best Tennis Shoes For Men, According To Players Around The Country [Forbes]Forbes
NKE
Earnings
- 3/21/24 - Beat
NKE
Sec Filings
- 4/4/24 - Form 10-Q
- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
- NKE's page on the SEC website