NIKE Inc. (NKE) has been affected by the
China tariffs, causing the stock to slip. This has been attributed to the shares sold by different investment groups including Hendershot Investments Inc., Arlington Financial Advisors LLC and others. Despite the slip, analysts are positive about the long-term potential of Nike due to their dividend yield. Various investment groups, in fact, have increased their holdings, including Platform Technology Partners and Vest Financial LLC. Some investment groups, however, have decreased Nike holdings including Conning Inc. and Archer Investment Corp.
Analysts have issued mixed ratings for Nike, with Citigroup downgrading the stock to a neutral rating while Needham & Company LLC reiterated its buy rating. Despite recent challenges, Nike remains one of the top picks for
investment, given its monopoly over the luxury clothing market. This projection is based on the fact that it has seen an increase in shares by several investment firms. However, the stock also touched a new 52-week low, raising doubts among investors. Nike still remains one of the best stocks to invest in for steady dividends and potential high returns.
Nike Stocks NKE News Analytics from Fri, 13 Dec 2024 08:00:00 GMT to Sun, 09 Feb 2025 00:58:00 GMT -
Rating -5
- Innovation 2
- Information 7
- Rumor -3
