Just Do It? This Billionaire Just Bought Nike Stock, Should You?
Billionaire Bill Ackman and his fund Pershing Square Capital were busy scooping up shares of (NYSE: NKE) in the second quarter. The hedge fund manager runs a very concentrated long portfolio, holding only nine stocks as of the end of the second quarter. Let's look at what may have attracted Ackman to the stock.
Nike is an iconic brand whose swoosh logo is one of the most recognizable in the world. In the U.S., the company has about 97% aided brand awareness, while its products are well known around the globe.
Nike has been able to forge a reputation as a leader in innovation and style in the sports apparel and footwear space over the years. The company is also a marketing machine. It has endorsement deals with some of the most popular athletes from around the world. It has also branched out to non-athletes with musicians and other celebrities.
Source Fool.com
Nike Inc. B Stock
With 61 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a positive potential of 46.32% compared to the current price of 75.18 € for Nike Inc. B.
