For its first fiscal quarter (ending August 31), Nike Inc (NYSE: NKE) has reported E.P.S. of $0.70 compared to $0.95 a year ago. For the latest four quarters through August 31, E.P.S. were $3.50 compared to $3.27 a year ago.
Recent Price Action
Nike Inc (NYSE: NKE) stock closed at $89.13 on 10/1/24 after a modest gain of 0.8%. Moreover, this advance was accompanied by unusually high trading volume at 159% of normal. The stock has risen 3.4% during the last week but has been weak relative to the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nike has a poor Power Rating of 17 and a very low Appreciation Score of 12, triggering the Lowest Value Trend Rating.
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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