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NIKE Stock Price, News & Analysis (NYSE:NKE)

$115.14
+1.66 (+1.46%)
(As of 12/4/2023 ET)
Compare
Today's Range
$113.06
$115.32
50-Day Range
$89.42
$115.14
52-Week Range
$88.66
$131.31
Volume
10.09 million shs
Average Volume
7.37 million shs
Market Capitalization
$175.23 billion
P/E Ratio
35.54
Dividend Yield
1.29%
Price Target
$122.17

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
6.1% 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
0.48mentions of NIKE in the last 14 days
Based on 30 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.

2.68 out of 5 stars

Consumer Discretionary Sector

44th out of 274 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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Product extensions, overseas expansion and partnerships with well-known brands are all contributing to FIGS' emergence as a healthcare apparel pure play.
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You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Foot Locker's Soles in Motion: Navigating Market Turbulence (NKE)
Unravel Foot Locker's strategic response to fierce competition among retail giants and their cutting-edge advancements in a dynamic market landscape.
2 stocks that faded their price gaps after crushing earnings (NKE)
With the third-quarter 2023 earnings season in the books, here are two sporting goods stocks that crushed earnings but saw the rallies in their stocks reverse
3 specialty apparel makers ready to spring higher  (NKE)
Specialty apparel and sporting goods stocks like ON Holding, Nike, and Lululemon are outperforming industry peers and on track for higher share prices
MarketBeat Week in Review – 11/6 - 11/10 (NKE)
Stocks closed the week with a strong rally, but the rally may reverse when investors get the latest information about inflation and retail stocks next week
Why picking Adidas over Nike is a safe bet (NKE)
Adidas stock is about to make a splash, well, more like a boom in its coming earnings release. Why the confidence? Read along and find out why analysts agree
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Wells Fargo Keeps Their Buy Rating on Nike (NKE)
Nike's downtown plans take shape
Nike's Options Frenzy: What You Need to Know
Nike Inc's Dividend Analysis
Why Foot Locker's new NBA partnership could be a big win
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
Ex-Dividend for 1/2 Dividend
12/01/2023
Today
12/04/2023
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
+6.1%
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
$3.93 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$175.23 billion
Optionable
Optionable
Beta
1.07

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NKE Stock Analysis - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

34 Wall Street research 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 research 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 analysts have issued 12-month price targets for NIKE's stock. Their NKE share price targets range from $92.00 to $150.00. On average, they predict the company's stock price to reach $122.17 in the next year. This suggests a possible upside of 6.1% 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 on January 1st, 2023. Since then, NKE shares have decreased by 1.6% and is now trading at $115.14.
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) released its quarterly earnings data on Thursday, September, 28th. The footwear maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.74 by $0.20. The footwear maker earned $12.90 billion during the quarter, compared to analyst estimates of $13 billion. NIKE had a net margin of 9.82% and a trailing twelve-month return on equity of 34.97%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.93 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 Tuesday, November 14th. Investors of record on Monday, December 4th will be given a dividend of $0.37 per share on Tuesday, January 2nd. This represents a $1.48 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, December 1st. This is a boost 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 $1.48 per share and currently has a dividend yield of 1.30%. 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 45.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 33.87% 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 before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly created shares were issued 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 announced that its board has authorized a stock buyback program on Monday, June 27th 2022, which authorizes the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 11% of its stock through open market purchases. Stock buyback programs are generally 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).

Who are NIKE's major shareholders?

NIKE's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (1.74%), Wellington Management Group LLP (1.54%), Bank of New York Mellon Corp (1.28%), FMR LLC (1.22%), Northern Trust Corp (1.02%) and Jennison Associates LLC (0.56%). 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 Robert Holmes Swan.
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 12/4/2023 by MarketBeat.com Staff

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