For its third fiscal quarter (ending February 28), Nike Inc (NYSE: NKE) has reported E.P.S. of $0.77 compared to $0.80 a year ago. E.P.S. were $3.43 for the latest four quarters through February 28 versus $3.50 for the same period a year ago.
Recent Price Action
On 3/21/24, Nike Inc (NYSE: NKE) stock rose modestly by 0.5%, closing at $100.82. Moreover, this advance was accompanied by unusually high trading volume at 177% of normal. The stock has performed in line with the market over the last nine months and has declined -0.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NKE is expected to continue to be a major Value Builder.
Nike has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nike has a neutral Power Rating of 50 but a poor Appreciation Score of 18, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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