NIKE (NKE) Stock Forecast, Price & News

36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NKE shares.
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36 brokers have issued twelve-month price targets for NIKE's shares. Their NKE share price forecasts range from $100.00 to $160.00. On average, they anticipate the company's share price to reach $134.33 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
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NIKE's stock was trading at $117.01 at the beginning of the year. Since then, NKE stock has decreased by 9.9% and is now trading at $105.43.
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NIKE saw a increase in short interest in May. As of May 15th, there was short interest totaling 14,570,000 shares, an increase of 24.3% from the April 30th total of 11,720,000 shares. Based on an average daily trading volume, of 5,900,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.2% of the shares of the stock are sold short.
View NIKE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our NKE earnings forecast.

NIKE will be holding an earnings conference call on Thursday, June 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

NIKE, Inc. (NYSE:NKE) released its quarterly earnings results on Tuesday, March, 21st. The footwear maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.55 by $0.24. The footwear maker had revenue of $12.40 billion for the quarter, compared to analysts' expectations of $11.48 billion. NIKE had a net margin of 10.82% and a trailing twelve-month return on equity of 35.98%. NIKE's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share.
Read the conference call transcript.

NIKE declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Monday, June 5th will be given a dividend of $0.34 per share on Wednesday, July 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, June 2nd.
Read our dividend analysis for NKE.

ETFs with the largest weight of NIKE (NYSE:NKE) stock in their portfolio include IQ Healthy Hearts ETF (HART), Consumer Discretionary Select Sector SPDR Fund (XLY), Monarch Blue Chips Core ETF (MBCC), American CenturyFocused Dynamic Growth ETF (FDG), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Global X Millennial Consumer ETF (MILN), Daily Consumer Discretionary Bull 3X (WANT) and Vanguard Consumer Discretionary ETF (VCR).

NIKE (NYSE:NKE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 34.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

NIKE shares split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly issued shares were payable to shareholders after the closing bell on Wednesday, December 23rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

NIKE announced that its board has initiated a share repurchase plan on Monday, June 27th 2022, which allows the company to repurchase $18,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 11% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

453 employees have rated NIKE Chief Executive Officer John Donahoe on Glassdoor.com. John Donahoe has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NIKE investors own include Walt Disney (DIS), NVIDIA (NVDA), Netflix (NFLX), Visa (V), Alibaba Group (BABA), Home Depot (HD), Starbucks (SBUX), Intel (INTC), Johnson & Johnson (JNJ) and Tesla (TSLA).

NIKE trades on the New York Stock Exchange (NYSE) under the ticker symbol "NKE."

NIKE's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (3.50%), Wellington Management Group LLP (2.09%), Geode Capital Management LLC (1.46%), Bank of New York Mellon Corp (1.35%), FMR LLC (1.24%) and Price T Rowe Associates Inc. MD (1.07%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Heidi O'neill, Hilary K Krane, Hilary K Krane, Johanna Nielsen, John G Connors, John G Connors, John W Rogers Jr, Mark G Parker, Matthew Friend, Monique S Matheson, Monique S Matheson, Peter B Henry and Timothy D Cook.
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Shares of NKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NKE stock can currently be purchased for approximately $105.43.

NIKE (NYSE:NKE) has a market capitalization of $162.04 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 79,100 workers across the globe.

NIKE's mailing address is ONE BOWERMAN DRIVE, BEAVERTON OR, 97005. The official website for the company is www.nike.com. The footwear maker can be reached via phone at (503) 671-6453, via email at investor.relations@nike.com, or via fax at 503-671-6300.