NIKE (NKE) Stock Forecast, Price & News

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. 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.
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34 Wall Street research analysts have issued twelve-month price targets for NIKE's stock. Their NKE share price forecasts range from $91.00 to $150.00. On average, they anticipate the company's share price to reach $124.83 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
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NIKE's stock was trading at $117.01 at the start of the year. Since then, NKE shares have decreased by 23.6% and is now trading at $89.42.
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NIKE saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 16,950,000 shares, an increase of 30.9% from the August 31st total of 12,950,000 shares. Based on an average trading volume of 7,510,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the company's stock are sold short.
View NIKE's Short Interest.

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

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.

NIKE, Inc. (NYSE:NKE) issued its quarterly earnings data on Tuesday, March, 21st. The footwear maker reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.24. The footwear maker earned $12.40 billion during the quarter, compared to analyst estimates of $11.48 billion. NIKE had a net margin of 9.90% and a trailing twelve-month return on equity of 34.01%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS.
Read the conference call transcript.

NIKE declared a quarterly dividend on Thursday, August 3rd. Stockholders 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 1.52%. The ex-dividend date of this dividend is Friday, September 1st.
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), First Trust Dow 30 Equal Weight ETF (EDOW), Hennessy Stance ESG Large Cap ETF (STNC), Daily Consumer Discretionary Bull 3X (WANT), Goldman Sachs Future Consumer Equity ETF (GBUY) and Invesco Large Cap Growth ETF (PWB).

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 31.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

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 distributed 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 authorized a stock buyback program on Monday, June 27th 2022, which permits the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 11% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is 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 many different 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.
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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 $89.42.

NIKE (NYSE:NKE) has a market capitalization of $136.81 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.

The company employs 83,700 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.