Nike reported earnings today and the stock is down after the results 7 %.

Anyone buying $NKE-3.8%stock on this drop ?

NKE

Nike

NKE
$63.30 -$2.51 -3.81%
Market Cap
94B
P/E
20.89
Div. Yield
2.43%
EV
97B
P/S
1.96
Payout
49.62%

The price doesn't seem to me to be significantly low

It still doesn't seem downright cheap to me. I would see a fair price somewhere more towards 80$. It's hard for me to rate moat as well, since fashion trends change pretty quickly.

Nice drop and potential buying opportunity. 😊

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