Nike Stock Keeps Falling. Time to Buy?
(NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. But after a decade of market-beating returns, Nike's stock has been crushed over the last year by weakening sales trends.
The stock trades down 60% from its previous peak, which looks tempting for value investors. The lower share price means that investors can buy the stock at a lower multiple of Nike's sales and earnings. Plus, Nike is still paying dividends, so the stock's haircut has brought its dividend yield to a 15-year high.
These indicators suggest that the shares are undervalued, and it's attracting investment from some of the smartest investors around. Billionaire Bill Ackman and other notable fund managers started positions in Nike stock last year.
Source Fool.com
Nike Inc. B Stock
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 6 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 77.36% compared to the current price of 36.09 € for Nike Inc. B.
