#5 - Nike (NYSE:NKE)
When you are running the single most dominant and iconic brand in your market, you have to be doing something right. Despite increased competition from Under Armour, Adidas and other players, Nike continues to throw off cash for investors quarter after quarter and year after year.
Nike has recently made a major initiative in e-commerce and is working to bring its products directly to the consumer. This will help strengthen the relationship between the company and its customers and will help grow its margins by sidestepping retailers. Its focus on e-commerce will also help drive sales beyond its core athletic gear market and help them pick up more market share in the casual wear market.
With steadily improving financials and 21 equities research analysts giving the company a "buy" rating, it's possible that Nike shares will appreciate greatly in 2018 thanks to improved direct sales and increased investor interest.
About NIKE
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
Read More - Current Price
- $77.36
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $95.86 (23.9% Upside)
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