Nike Inc (NYSE:NKE) is a global designer, marketer, and seller of athletic footwear, apparel, equipment, and accessories. The company provides its products in six different categories, namely, running, Nike basketball, the Jordan brand, football, training, and sportswear. Its valuable brands and technological innovations set it above its athletic apparel competitors like Under Armor and Adidas, beating them in revenue every year. Additionally, Nike’s premium pricing greatly increases its margins and profitability, boosting its overall performance.
Many people love Nike Inc (NYSE:NKE) because it’s a big money stock. Despite the challenges that the company has been facing, it remains an attractive stock to investors. The Oregon, US-based company currently has a 52-week low of $66.53 and a high of $90.00. It has a 50-day rising moving average of $85.96, indicating an uptrend in performance. Nike has a dividend yield of 1.07%.
Nike Inc posted its latest quarterly earnings on June 27, 2019, reporting earnings per share of $0.62. This missed Thompson Reuters’ consensus estimate by $0.04. The return on equity stood at 45.12% with a net margin of 10.30%, a demonstration of healthy financial performance. Nike Inc posted revenue of $10.18 billion, slightly higher than the consensus estimate of $10.15 billion. On a year-over-year basis, Nike’s revenue shot up by 4%. While it’s not featured among the list of stocks with the highest dividend payouts, it remains an attractive stock because of its stability and revenue growth.
With consistent double-digit sales growth in China, Nike has a long-term opportunity to tap deeper into the Chinese market. It’s, therefore, expected that Nike will record higher revenue in the coming years, a good sign for any long-term investor. Analyst forecasts also paint a good picture for the company.