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Nike (NKE)
NYSE:NKE
Nike (NKE) Stock Price & Analysis
15,556 Followers
NKE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$88.05 - $126.95
Previous Close$94.12
Volume5.03M
Average Volume (3M)9.58M
Market Cap
$142.07B
Enterprise Value$143.60B
Total Cash (Recent Filing)$10.57B
Total Debt (Recent Filing)$12.10B
Price to Earnings (P/E)27.7
Beta1.10
Next Earnings
Jun 27, 2024EPS Estimate
$0.86Last Dividend Ex-Date
Mar 01, 2024Dividend Yield1.51%
Share Statistics
EPS (TTM)3.40
Shares Outstanding1,509,358,807
10 Day Avg. Volume8,658,461
30 Day Avg. Volume9,576,306
Standard Deviation0.09
R-Squared0.44
Alpha-0.00625
Financial Highlights & Ratios
Price to Book (P/B)10.35
Price to Sales (P/S)9.17
Price to Cash Flow (P/CF)17.30
P/FCF Ratio18.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.71
Enterprise Value/Gross Profit6.44
Enterprise Value/Ebitda25.58
Forecast
1Y Price Target
$111.44Price Target Upside18.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering29
Nike News
Bulls Say, Bears Say
Bulls Say
Brand And Product StrategyNike's commitment to innovation and product quality positions the brand for a potential resurgence, building on the strong connection with consumers through product innovations and promotion of a healthy lifestyle.
Financial PerformanceAnalysts highlight Nike's recent earnings beat, with revenue growth and operating margin expansion signaling strong financial health and potential for long-term stock appreciation.
Market Position And Digital GrowthUnder CEO John Donahoe's leadership, Nike's digital-led approach and goal to achieve 50% digital penetration are expected to bolster its dominant market share and drive continued innovation.
Bears Say
Brand Perception And SalesThe resale premium for Nike products has declined over time, suggesting losses for resellers and diminished brand allure.
Financial Outlook And Market PerformanceAnalyst's price target for Nike is lowered, reflecting reduced expectations for sales and profitability amid increased promotions and market challenges.
Product Demand And StrategyThe AirMax DN has been labeled a 'dud' by retailers and is not indicative of a Nike comeback, pointing to a decrease in demand and potential markdowns.
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Ownership Overview
1.73% Insiders
23.27% Mutual Funds
23.04% Other Institutional Investors
51.95% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Nike
Desktop Users
Mobile Users
NKE FAQ
What was Nike’s price range in the past 12 months?
Nike lowest stock price was $88.05 and its highest was $126.94 in the past 12 months.
What is Nike’s market cap?
Currently, no data Available
When is Nike’s upcoming earnings report date?
Nike’s upcoming earnings report date is Jun 27, 2024 which is in 53 days.
How were Nike’s earnings last quarter?
Nike released its earnings results on Mar 21, 2024. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.755 by $0.225.
Is Nike overvalued?
According to Wall Street analysts Nike’s price is currently Undervalued.
Does Nike pay dividends?
Nike pays a Quarterly dividend of $0.37 which represents an annual dividend yield of 1.51%. See more information on Nike dividends here
What is Nike’s EPS estimate?
Nike’s EPS estimate is $0.86.
How many shares outstanding does Nike have?
Nike has 1,211,461,500 shares outstanding.
What happened to Nike’s price movement after its last earnings report?
Nike reported an EPS of $0.98 in its last earnings report, beating expectations of $0.755. Following the earnings report the stock price went down -6.903%.
Which hedge fund is a major shareholder of Nike?
Among the largest hedge funds holding Nike’s share is Fisher Asset Management LLC. It holds Nike’s shares valued at 1B.
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Nike Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$111.44 (18.48% Upside)
$111.44 (18.48% Upside)
Blogger Sentiment
Bullish
NKE Sentiment 82%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 880.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 4.1%
Last 30 Days ▲ 4.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-24.75%
12-Months-Change
Fundamentals
Return on Equity
36.38%
Trailing 12-Months
Asset Growth
-2.45%
Trailing 12-Months
Company Description
Nike
NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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NKE Earnings Call
Q3 2024
0:00 / 0:00
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NKE Revenue Breakdown
64.70% Footwear
27.03% Apparel
4.74% Converse
3.37% Equipment
0.11% Other
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NKE Stock 12 Months Forecast
Average Price Target
$111.44
▲(18.48% Upside)
Technical Analysis
Best Analysts Covering NKE
1 Year
1 Year Success Rate
17/22 ratings generated profit
1 Year Average Return
+24.50%
reiterated a sell rating last month
Copying Sam Poser's trades and holding each position for 1 Year would result in 77.27% of your transactions generating a profit, with an average return of +24.50% per trade.
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