Is Nike a good investment 2019?

Will Nike stock go up?

CNN Money surveyed 26 analysts for their Nike stock forecast for 2021 and 2022, and the median prediction was $185, up 16% from its closing price on 23 September. … At that point, the median Nike stock forecast for the following 12 months was $180 which would have seen it go up by around 18%.

Is Nike doing well financially?

–(BUSINESS WIRE)– NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021. Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019.

What do analysts say about Nike stock?

Nike Inc (NYSE:NKE)

The 27 analysts offering 12-month price forecasts for Nike Inc have a median target of 180.00, with a high estimate of 214.00 and a low estimate of 154.00. The median estimate represents a +7.60% increase from the last price of 167.29.

Is Nike losing money 2021?

NIKE ended third-quarter fiscal 2021 with cash and short-term investments of $12.5 billion, up $9.3 billion from the last year. These included proceeds from the corporate bonds issued in fourth-quarter fiscal 2020 and strong free cash flow.

Are Nike sales up or down?

Nike’s sales reached $10.36 billion, up from $10.1 billion in the same period last year but lower than expectations. … Nike’s sales declined year-over-year for two consecutive quarters in 2020, as the COVID-19 pandemic shut down stores.

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Why did Nike stock drop 2021?

Stocks fell sharply at the start of the week due to concerns over a default by China’s Evergrande (3333.HK) and its potential risk to global financial markets and also ahead of the Wednesday’s Federal Reserve statement. The Dow Jones Industrial Average (.

Does Nike stock pay dividends?

Quarterly dividends on NIKE common stock, when declared by the Board of Directors, are paid on a calendar year basis on or about January 5, April 5, July 5 and October 5. All dividend amounts have been restated to reflect all historical stock splits and have been rounded to the nearest thousandth.