Is NIKE, Inc. (NYSE:NKE) a Stock To Hold For The Long Haul?

Shaers of NIKE, Inc. (NYSE:NKE) have been recommended as a long term growth pick.  With the firm’s stock price currently trading around $82.50, the firm has proven a solid track record of growth over the recent years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 12.30% earnings per share growth over the past 5 years and 7.50% revenue growth over that same time frame. 

Most experienced traders understand how unpredictable the market can be. The market is its own kind of beast that does not care whether the trader makes money or not. Because there are so many different possible trading strategies to use, it can be extremely tough to find one that works. There may be times when traders become overwhelmed with the craziness of daily market action. Wandering through turbulent market climates may require increased discipline and patience. It can be highly tempting for traders to jump into a position based on can’t miss stock tips. Having the patience to make quality, informed trades, may end up helping the trader immensely.

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same. 

A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.  A trader is looking more closely at a weekly, or shorter, time frame and is more interested in immediate price fluctuations.

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, NIKE, Inc. (NYSE:NKE)’s stock was 31.89%.  Over the last week of the month, it was -1.43%, 7.77% over the last quarter, and  18.55% for the past six months. 

Over the past 50 days, NIKE, Inc.’s stock is -4.11% off of the high and 9.91% removed from the low.  Their 52-Week High and Low are as follows: -4.11% (High), 63.85%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $84.58 on the equity.   Analysts have a consensus recommendation of 2.20 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.