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 (%)|
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.