Nike Inc (NYSE: NKE) has reported earnings for its fourth fiscal quarter (ending May 31) of $0.99 versus $0.67 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $3.76 versus $3.27 for the same period a year ago.
Recent Price Action
On 6/27/24, Nike Inc (NYSE: NKE) stock rose slightly by 0.1%, closing at $94.19. Moreover, exceptionally high trading volume at 248% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NKE is expected to continue to be a major Value Builder.
Nike has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Nike has a slightly negative Power Rating of 37 and a poor Appreciation Score of 16, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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