Nike Inc. (NKE): Today's Featured Consumer Non-Durables Laggard
(
) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Nike fell $1.35 (-2.1%) to $62.33 on heavy volume. Throughout the day, 7,108,751 shares of Nike exchanged hands as compared to its average daily volume of 3,501,300 shares. The stock ranged in price between $62.20-$64.59 after having opened the day at $63.94 as compared to the previous trading day's close of $63.68. Other companies within the Consumer Non-Durables industry that declined today were:
(
), down 7.2%,
(
), down 2.8%,
(
), down 2.4% and
(
), down 2.2%.
NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $44.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 23.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Nike a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Nike
as a
. 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Nike Ratings Report.
On the positive front,
(
), up 15.6%,
(
), up 9.1%,
(
), up 8.7% and
(
), up 7.7% , were all gainers within the consumer non-durables industry with
(
) being today's featured consumer non-durables industry leader.
- 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
(
) while those bearish on the consumer non-durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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