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 1.2%. By the end of trading, Nike rose $2.15 (2.3%) to $93.97 on average volume. Throughout the day, 2.8 million shares of Nike exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $92.04-$94.29 after having opened the day at $92.31 as compared to the previous trading day's close of $91.82. Other companies within the Consumer Non-Durables industry that increased today were: American Apparel (APP), up 5.7%, Myers Industries (MYE), up 5.2%, Mobile Mini (MINI), up 5.1%, and KapStone Paper And Packaging Corporation (KS), up 5%.

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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 $33.99 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.5, 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 down 4.3% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Nike a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Nike Ratings Report.

• Use our consumer non-durables section to find industry-relevant news.
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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