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GE   118.85 (-0.93%)
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NIKE Stock Price, News & Analysis (NYSE:NKE)

$108.71
+0.75 (+0.69%)
(As of 11/28/2023 ET)
Compare
Today's Range
$108.16
$109.90
50-Day Range
$89.42
$109.36
52-Week Range
$88.66
$131.31
Volume
7.29 million shs
Average Volume
7.34 million shs
Market Capitalization
$165.45 billion
P/E Ratio
33.55
Dividend Yield
1.25%
Price Target
$122.17

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
12.4% Upside
$122.17 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.57mentions of NIKE in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$5.79 M Sold Last Quarter
Proj. Earnings Growth
16.84%
From $3.74 to $4.37 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Consumer Discretionary Sector

20th out of 269 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks


NKE stock logo

About NIKE Stock (NYSE:NKE)

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 Stock Price History

NKE Stock News Headlines

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Nike: Buy The Bullish Technical Configuration
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Nike: Performing Well Despite The Headwinds
Is Nike Back? I Don't Think So
Head to Head Analysis: NIKE (NYSE:NKE) & TOD'S (OTCMKTS:TDPAY)
Nike Unusual Options Activity For November 24
Nike Hikes Its Dividend for a 22nd Straight Year
NIKE (NYSE:NKE) Earns Hold Rating from Analysts at Truist Financial
NIKE (NYSE:NKE) Is Increasing Its Dividend To $0.37
2 Stocks Under $110 You Can Buy and Hold Forever
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
9/01/2023
Last Earnings
9/28/2023
Dividend Payable
10/02/2023
Today
11/28/2023
Ex-Dividend for 1/2 Dividend
12/01/2023
Next Earnings (Confirmed)
12/21/2023
Dividend Payable
1/02/2024
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 Target
$122.17
High Stock Price Target
$150.00
Low Stock Price Target
$92.00
Potential Upside/Downside
+12.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
34 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
11.70%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.91 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$165.45 billion
Optionable
Optionable
Beta
1.09

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NKE Stock Analysis - 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 2 sell ratings, 10 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 target for 2024?

34 brokers have issued 1 year target prices for NIKE's shares. Their NKE share price targets range from $92.00 to $150.00. On average, they expect the company's share price to reach $122.17 in the next year. This suggests a possible upside of 12.4% 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 stock has decreased by 7.1% and is now trading at $108.71.
View the best growth stocks for 2023 here
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 21st 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, December 21st 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) posted its quarterly earnings data on Thursday, September, 28th. The footwear maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.20. The footwear maker had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $13 billion. NIKE had a net margin of 9.82% and a trailing twelve-month return on equity of 34.97%. NIKE's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS.
Read the conference call transcript
.

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

NIKE declared a quarterly dividend on Tuesday, November 14th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.37 per share on Tuesday, January 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from the stock's previous quarterly dividend of $0.34.
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 1.26%. 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 41.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 31.12% 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 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 issued 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.

How will NIKE's stock buyback program work?

NIKE announced that its board has authorized a share buyback plan on Monday, June 27th 2022, which permits the company to repurchase $18,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 11% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is 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).

Who are NIKE's major shareholders?

NIKE's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.74%), Bank of New York Mellon Corp (1.28%), FMR LLC (1.22%), Northern Trust Corp (1.02%), Jennison Associates LLC (0.56%) and Legal & General Group Plc (0.55%). 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, Robert Holmes Swan 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.

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
This page (NYSE:NKE) was last updated on 11/28/2023 by MarketBeat.com Staff

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