Nike wins almost 38% ytd, near its October highs (USD 133.5).
Regarding the group's fundamental, first we note the increase in sales recorded in the prior year to USD 30 billion (that is to say 10%). Net earnings per share for 2015 also increased by 20% to USD 3.70. The analyst consensus following this share also remains confident with an average target price of USD 141.
Graphically, the stock seems able to continue its upward trend thanks to well-oriented moving averages, and will test soon the USD 133.2 medium term resistance.
Considering all these encouraging developments, above USD 133.21, a buy signal will be given. The main objective will be the testing the trendline at USD 138. Nevertheless a stop loss will be placed below USD 133.
Nike, Inc. specializes in the design, manufacturing and marketing of sports shoes, clothing, and equipment. The group's products are sold primarily under the names Nike, Jordan, Converse Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell. Net sales break down by family of products as follows:
- footwear (68.9%);
- clothing (27.2%);
- sports equipment (3.4%): golf equipment (golf clubs, balls, gloves, etc.), bags, balls, etc.;
- other (0.5%).
At the end of May 2023, products were being marketed through a network of 1,032 stores worldwide, through independent distributors, and via the Internet.
Net sales are distributed geographically as follows: North America (44.3%), Europe/Middle East/Africa (27.5%), China (14.9%), Asia/Pacific and Latin America (13.2%) and other (0.1%).