NIKE - NKE Stock Forecast, Price & News

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 1 sell rating, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NKE shares.
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35 Wall Street research analysts have issued 1-year price objectives for NIKE's stock. Their NKE share price forecasts range from $100.00 to $160.00. On average, they anticipate the company's share price to reach $134.33 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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NIKE's stock was trading at $117.01 at the beginning of 2023. Since then, NKE stock has increased by 2.3% and is now trading at $119.65.
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The company is scheduled to release its next quarterly earnings announcement on Monday, June 26th 2023.
View our NKE earnings forecast.

NIKE, Inc. (NYSE:NKE) issued its quarterly earnings results on Tuesday, March, 21st. The footwear maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.24. The footwear maker had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.48 billion. NIKE had a net margin of 10.82% and a trailing twelve-month return on equity of 35.98%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share.
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NIKE declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Monday, March 6th will be paid a dividend of $0.34 per share on Monday, April 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, March 3rd.
Read our dividend analysis for NKE.

ETFs with the largest weight of NIKE (NYSE:NKE) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Consumer Discretionary Select Sector SPDR Fund (XLY), Monarch Blue Chips Core ETF (MBCC), American CenturyFocused Dynamic Growth ETF (FDG), Global X Millennials Consumer ETF (MILN), First Trust Dow 30 Equal Weight ETF (EDOW), Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Goldman Sachs Future Consumer Equity ETF (GBUY).

NIKE (NYSE:NKE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.15%. 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 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 34.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

Shares of NIKE split on the morning of Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly issued 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 approved a stock buyback plan 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 repurchase up to 11% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership 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 a number of retail and institutional investors. Top institutional investors include Morgan Stanley (1.98%), Geode Capital Management LLC (1.44%), Alliancebernstein L.P. (1.16%), Price T Rowe Associates Inc. MD (1.12%), Moneta Group Investment Advisors LLC (1.08%) and Edgewood Management LLC (0.82%). 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, 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 $119.65.

NIKE (NYSE:NKE) has a market capitalization of $185.52 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 79,100 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.