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NIKE (NKE) Stock Forecast, Price & News

$90.50
-0.10 (-0.11%)
(As of 10:27 AM ET)
Compare
Today's Range
$89.93
$90.61
50-Day Range
$90.59
$110.51
52-Week Range
$82.22
$131.31
Volume
1.55 million shs
Average Volume
6.96 million shs
Market Capitalization
$138.46 billion
P/E Ratio
28.02
Dividend Yield
1.50%
Price Target
$125.07

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
37.8% Upside
$124.83 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.03mentions of NIKE in the last 14 days
Based on 62 Articles This Week
Insider Trading
Selling Shares
$17.06 M Sold Last Quarter
Proj. Earnings Growth
18.06%
From $3.71 to $4.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.38 out of 5 stars

Consumer Discretionary Sector

2nd out of 274 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks


NKE stock logo

About NIKE (NYSE:NKE) Stock

Bill Bowerman and Phil Knight founded NIKE Inc., a multinational corporation that designs, develops, markets and sells athletic footwear, apparel, equipment and accessories globally, as Blue Ribbon Sports in 1964. 

The company officially changed its name to NIKE Inc. in 1971 and operates in four segments: North America, Europe, Middle East and Africa (EMEA) and Asia Pacific and Latin America (APLA). NIKE's product portfolio includes athletic and casual footwear, apparel and accessories under the Jumpman trademark, and casual sneakers and accessories under the Converse, Chuck Taylor, All-Star, One Star, Star Chevron and Jack Purcell trademarks. The company sells performance equipment and accessories for sports activities under the NIKE brand and markets apparel with licensed collegiate and professional team league logos. NIKE licenses unaffiliated parties to manufacture and sell apparel, digital devices, applications and other equipment for sports activities under NIKE-owned trademarks.

Retail channels selling NIKE products include footwear stores, athletic specialty stores, department stores, skate, tennis and golf shops and other retail accounts. NIKE operates its retail stores and digital platforms and works with independent distributors, licensees and sales representatives to distribute Nike products worldwide. 

The company is expanding its digital presence and e-commerce capabilities, accounting for more than 24% of its total revenue in 2022 (excluding the Jordan and Converse brands). NIKE's digital platforms and apps, including the Nike App and SNKRS, allow customers to purchase products, track their fitness goals and connect with other athletes.

The company is committed to reducing its environmental impact, such as increasing the use of sustainable materials in Nike products and reducing greenhouse gas emissions in its supply chain. Additionally, NIKE has implemented a code of conduct to ensure ethical labor practices are adhered to by its suppliers and has been investing in new technologies such as 3-D printing, robotics and artificial intelligence to improve efficiency, sustainability and personalization of various product lines.

In terms of financial performance, NIKE, Inc. has a strong track record of revenue growth and profitability year over year. The company's iconic "Just Do It" campaign, launched in 1988, has been used in many advertisement campaigns and is now considered one of the most iconic slogans in advertising history. NIKE continues to feature famous athletes, celebrities and everyday people in its advertisements to showcase that anyone can achieve greatness through perseverance and hard work.

NIKE Inc. is a well-established, financially stable company with a strong brand committed to innovation, sustainability and corporate responsibility. Its diverse product offerings, growing digital presence and global reach make it a leading player in the athletic footwear, apparel and equipment industry. Nike offers investors solid financial performance with a commitment to delivering value to its shareholders.

NKE Price History

NKE Stock News Headlines

5 Retail Trends to Watch During the Holiday Shopping Season (NKE)
The holiday shopping season is approaching quickly; here are 5 trends shaping the retail environment and which companies are in a position to win
On Holding Gets Back Into the Race After Gapping Down (NKE)
Wall Street maintains an optimistic outlook for On Holding, predicting double-digit earnings growth. The company recently raised its full-year sales guidance
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
3 Stocks with Exposure to the Multibillion Dollar Pickleball Boom (NKE)
These three companies have significant exposure to a pickleball-related market that is forecast to grow 10% annually and reach $2.3 billion by 2028.
3 Undervalued Mid-Cap Stocks to Buy in August (NKE)
Mid-cap stocks historically start to recover before the broader economy here are three undervalued mid-cap stocks that offer strong growth potential
3 Undervalued Mid-Cap Stocks to Buy in August
Mid-cap stocks historically start to recover before the broader economy here are three undervalued mid-cap stocks that offer strong growth potential
4 Reasons Why Nike Should Be in Your Portfolio Down Here
Athletic footwear and apparel maker NIKE Inc. (NYSE: NKE) stock is down 16.7% year-to-date (YTD). The recent earnings warnings from sports retailers DICK’S
11 Best Consumer Discretionary Stocks of 2023 (NKE)
Think you might want to invest in consumer discretionary stocks, which investors usually purchase when the economy chugs along well? Learn more with MarketBeat.
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
What is Consumer Discretionary? (NKE)
What is consumer discretionary? In a strong economy, consumers spend more on consumer discretionary products. Learn more with MarketBeat.
Foot Locker Stock Takes a Big Hit...Is It a Retail Bargain? (NKE)
With Foot Locker at a 12-year low of $17.21, investors may be wondering if it's a good time to step foot into a stock that used to trade in the $70’s.
Is Nike (NKE) a Buy or Hold Prior to Earnings?
NIKE (NYSE:NKE) Downgraded to Hold at Jefferies Financial Group
Nike earnings: Watch for China impact, analyst says
J.P. Morgan Sticks to Their Buy Rating for Nike (NKE)
Jefferies downgrades Nike (NKE) to a Hold
See More Headlines
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NKE Company Calendar

Ex-Dividend for 7/5 Dividend
6/02/2023
Last Earnings
6/29/2023
Dividend Payable
7/05/2023
Ex-Dividend for 10/2 Dividend
9/01/2023
Today
9/26/2023
Next Earnings (Confirmed)
9/28/2023
Dividend Payable
10/02/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
Footwear
CUSIP
65410610
Employees
83,700
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$125.07
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$91.00
Forecasted Upside/Downside
+38.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
34 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
12.11%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.86 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,529,970,000
Free Float
1,522,322,000
Market Cap
$138.60 billion
Optionable
Optionable
Beta
1.12

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Mark G. ParkerMr. Mark G. Parker (Age 67)
    Exec. Chairman
    Comp: $7.64M
  • Mr. John J. Donahoe IIMr. John J. Donahoe II (Age 62)
    Pres, CEO & Director
    Comp: $12.32M
  • Mr. Matthew FriendMr. Matthew Friend (Age 45)
    Exec. VP & CFO
    Comp: $3.66M
  • Ms. Heidi O'Neill (Age 57)
    Pres of Consumer, Product & Brand
    Comp: $3.69M
  • Mr. Andrew CampionMr. Andrew Campion (Age 51)
    Managing Director of Strategic Bus. Ventures
    Comp: $3.69M
  • Mr. Philip H. Knight (Age 85)
    Co-Founder & Chairman Emeritus
  • Ms. Johanna Nielsen (Age 45)
    VP of Controlling & Principal Accounting Officer
  • Mr. Paul Trussell C.F.A.
    VP of Investor Relations & Strategic Fin.
  • Ms. Ann M. Miller (Age 48)
    Exec. VP & Chief Legal Officer
  • Mr. KeJuan Wilkins
    Exec. VP & Chief Communications Officer













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NKE shares.
View NKE analyst ratings
or view top-rated stocks.

What is NIKE's stock price forecast for 2023?

34 equities research analysts have issued 12-month target prices for NIKE's stock. Their NKE share price forecasts range from $91.00 to $150.00. On average, they expect the company's share price to reach $125.07 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price.
View analysts price targets for NKE
or view top-rated stocks among Wall Street analysts.

How have NKE shares performed in 2023?

NIKE's stock was trading at $117.01 at the beginning of the year. Since then, NKE shares have decreased by 22.6% and is now trading at $90.59.
View the best growth stocks for 2023 here
.

Are investors shorting NIKE?

NIKE saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,950,000 shares, a decline of 20.2% from the August 15th total of 16,220,000 shares. Based on an average trading volume of 7,750,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the company's stock are sold short.
View NIKE's Short Interest
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
View our NKE earnings forecast
.

How can I listen to NIKE's earnings call?

NIKE will be holding an earnings conference call on Thursday, September 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) issued its quarterly earnings data on Thursday, June, 29th. The footwear maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by $0.02. The footwear maker earned $12.80 billion during the quarter, compared to the consensus estimate of $12.58 billion. NIKE had a trailing twelve-month return on equity of 34.01% and a net margin of 9.90%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share.
Read the conference call transcript
.

How often does NIKE pay dividends? What is the dividend yield for NIKE?

NIKE declared a quarterly dividend on Thursday, August 3rd. Investors of record on Tuesday, September 5th will be given a dividend of $0.34 per share on Monday, October 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, September 1st.
Read our dividend analysis for NKE
.

Is NIKE a good dividend stock?

NIKE (NYSE:NKE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.50%. 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 42.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 31.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

When did NIKE's stock split?

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

How will NIKE's stock buyback program work?

NIKE declared that its board has authorized a stock repurchase program on Monday, June 27th 2022, which authorizes the company to buyback $18,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 11% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

What is John Donahoe's approval rating as NIKE's CEO?

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.

What other stocks do shareholders of NIKE own?

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).

What is NIKE's stock symbol?

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

Who are NIKE's major shareholders?

NIKE's stock is owned by a number of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (125.05%), BlackRock Inc. (6.07%), State Street Corp (3.61%), Geode Capital Management LLC (1.50%), Alliancebernstein L.P. (1.46%) and Bank of New York Mellon Corp (1.32%). 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.
View institutional ownership trends
.

How do I buy shares of NIKE?

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.
Compare Top Brokerages Here.

What is NIKE's stock price today?

One share of NKE stock can currently be purchased for approximately $90.59.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $138.60 billion and generates $51.22 billion in revenue each year. The footwear maker earns $5.07 billion in net income (profit) each year or $3.23 on an earnings per share basis.

How many employees does NIKE have?

The company employs 83,700 workers across the globe.

Does NIKE have any subsidiaries?
The following companies are subsidiares of NIKE: Celect, Cole Haan, Converse, Datalogue, Hurley, Invertex Ltd., NIKE European Operations Netherlands B.V., NIKE Retail Services Inc., NIKE Sports Co. Ltd., NIKE USA Inc., RTFKT, TraceMe, Umbro, Virgin Mega USA, and Zodiac Inc..
Read More
How can I contact NIKE?

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.

This page (NYSE:NKE) was last updated on 9/26/2023 by MarketBeat.com Staff

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