1 Magnificent S&P 500 Dividend Stock Down 24% to Buy and Hold Forever
Despite having its logo plastered all over Olympic uniforms, commercials and marketing that are legendary, and shoes that are worn by millions, all hasn't been well at (NYSE: NKE). So far this year, the stock is down over 24%. Thankfully, the dominant sportswear maker has something to offer investors to help keep them patient during this rough period: an above-average dividend of about 1.8%.
That alone doesn't wipe out its stock price woes, but it definitely helps. For long-term investors looking for a dividend stock they can hold on to for the long haul, Nike is an intriguing choice at its current valuation.
Nike's stock may not be doing well, but it hasn't translated to a deterioration of its brand. Few brands in the fashion and apparel world are as iconic as Nike. Even fewer -- if any -- can compete with Nike's brand strength when it comes to shoes. Whether for sports, casual, or lifestyle, Nike has spent decades being the go-to brand.
Source Fool.com
Nike Inc. B Stock
With 61 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 55.5% compared to the current price of 70.74 € for Nike Inc. B.
