Nike moved 2.4% this afternoon session, trading between a high of $102.575 and a low of $99.13 per share. Yesterday the stock finished at $99.91 per share, compared to an average analyst target price of $119.37.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The large-cap shoe manufacturing company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.4%. Nike has trailing twelve months earnings per share (EPS) of 3.24, which at today's prices amounts to a price to earnings (P/E) ratio of 31.6.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.84. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-07-21 | 46,710,000 | -25,231,000 | 46 | 2.22 |
| 2021-07-20 | 44,538,000 | -24,576,000 | 45 | 4.65 |
| 2020-07-24 | 37,403,000 | -21,162,000 | 43 | -4.44 |
| 2019-07-23 | 39,117,000 | -21,643,000 | 45 | 2.27 |
| 2018-07-25 | 36,397,000 | -20,441,000 | 44 | -2.22 |
| 2017-07-20 | 34,350,000 | -19,038,000 | 45 |
Nike's 44.7% average gross margins are thinner than the 45.35% average of the Footwear & Accessories industry, implying that the firm might be lacking in competitivity.
