NIKE (NKE) Stock Forecast, Price & News

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.
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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.
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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.
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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.

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 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.
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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.

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 31.05% 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 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.

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.

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 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.
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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 $90.59.

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.

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.