Nike Inc. (NKE): Today's Featured Consumer Non-Durables Winner

Nike (NKE) pushed the Consumer Non-Durables industry higher today making it today's featured consumer non-durables winner. The industry as a whole closed the day up 0.8%. By the end of trading, Nike rose $1.73 (1.7%) to $101.75 on heavy volume. Throughout the day, 4.2 million shares of Nike exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $99.56-$102 after having opened the day at $100.25 as compared to the previous trading day's close of $100.02. Other companies within the Consumer Non-Durables industry that increased today were: STR Holdings (STRI), up 9.5%, China Shengda Packaging Group (CPGI), up 8.2%, Ennis (EBF), up 6.3%, and Titan International (TWI), up 6.2%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. Nike has a market cap of $37.66 billion and is part of the consumer goods sector. The company has a P/E ratio of 21.3, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Nike a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

• You can view the full Nike Ratings Report.

On the negative front, Standard Register Company (SR), down 22.5%, Cereplast (CERP), down 15%, China Xiniya Fashion (XNY), down 13.8%, and Xerium Technologies (XRM), down 5.9%, were all losers within the consumer non-durables industry with Church & Dwight Company (CHD) being today's consumer non-durables industry loser.

• Use our consumer non-durables section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR (XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

For more information on Nike Inc. click any of the following:

• Nike Inc. Stock Price

• Nike Inc. Analyst Ratings

• Nike Inc. Key Stats & Profile

• Nike Inc. Earnings

• Nike Inc. Ratio Comparison

• Nike Inc. Growth Rates

• Nike Inc. Balance Sheet

• Nike Inc. Cash Flow

• Nike Inc. Income Statement