Nike Is One of the World's Best-Known Brands. But These 3 Shoe Stocks Have Better Growth and Profit Margins.
In the early 1970s, (NYSE: NKE) was founded and its "swoosh" logo was unveiled. Then in the 1980s, the company signed basketball legend Michael Jordan to a marketing deal and the rest is history. Nike has grown so big and has been so successful that it's one of the most recognizable brands in the world.
Likely because of its consumer mind-share, Nike is more than just a popular shoe brand -- it's also a popular stock. But this is a little surprising to me right now. The company most recently reported financial results for its fiscal second quarter of 2024. And through the first two quarters of this fiscal year, revenue was only up 1% from the comparable period of its fiscal 2023.
Far be it from me to criticize Nike. It's been one of the greatest stocks to own over the last 30 years. It's a reliable, global brand, and it earns good profits. Moreover, its earnings per share (EPS) have grown faster than revenue over the last 10 years, which is what investors want to see.
Source Fool.com
Nike Inc. B Stock
With 47 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 115 € shows a positive potential of 33.67% compared to the current price of 86.03 € for Nike Inc. B.
