1 Magnificent S&P 500 Dividend Stock Down 52% to Buy and Hold Forever
Shoe and sports apparel giant (NYSE: NKE) is one of the all-time best-performing stocks, but you wouldn't know if you've owned shares over the past few years. The stock has lost roughly half its value since peaking in late 2021. Sluggish sales momentum and competitive pressure have many declaring Nike a dinosaur beyond its best years.
Nike deserves some criticism. Management has admitted that the company has made some mistakes, and fixes are in motion.
But rather than take management's word for it, investors can look at the company's fundamentals for all the evidence they need to support buying and holding Nike at these depressed prices.
Source Fool.com
Nike Inc. B Stock
€75.39
0.360%
The stock is one of the favorites of our community with 61 Buy predictions and 3 Sell predictions.
With a target price of 110 € there is a positive potential of 45.91% for Nike Inc. B compared to the current price of 75.39 €.
