A Once-in-a-Decade Buying Opportunity? This Magnificent Dividend Stock Is Dirt Cheap Right Now.
NKENIKE(NKE) The Motley Fool·2024-07-27 18:15

Nike is a compelling turnaround opportunity.Nike (NKE 1.61%) has seen better days. The stock of the leading athletic footwear and apparel maker currently sits nearly 60% below its peak from a few years ago. It has fallen 40% from its 52-week high. That has led to Nike trading at its lowest valuation in over a decade. The shoe stock's slumping price has also driven up its dividend yield to over 2%. That's its highest level since the financial crisis and well above the S&P 500's average (around 1.3%). It's a ...