We're snapping up this out-of-favor retail stock that is turning things around
Update: 2025-10-31
Description
Despite Nike's recent stock slump, Jim Cramer's Charitable Trust increased its holdings by 150 shares, now making up 2.2% of the trust's portfolio. The stock has been on a downward trend, but Nike's strong earnings report and progress in CEO Elliott Hill's turnaround plan have investors hopeful. Analysts like Jefferies see Nike's outlook as positive, with a buy rating and price target of $115, due to growing order books and increased retailer interest. Nike's shift back to working closely with retailers like Dick's Sporting Goods and Foot Locker has also contributed to recent growth in wholesale sales.
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