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NIKE (NKE) Stock Price, News & Analysis

$104.35
-0.80 (-0.76%)
(As of 02/28/2024 ET)
Today's Range
$103.70
$105.44
50-Day Range
$99.68
$122.46
52-Week Range
$88.66
$128.68
Volume
4.21 million shs
Average Volume
8.39 million shs
Market Capitalization
$158.81 billion
P/E Ratio
30.51
Dividend Yield
1.42%
Price Target
$122.24

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
17.1% Upside
$122.24 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.39mentions of NIKE in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$1.19 M Sold Last Quarter
Proj. Earnings Growth
16.53%
From $3.57 to $4.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Consumer Discretionary Sector

17th out of 263 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

How to invest in apparel stocks (NKE)
If you’re interested in investing in clothing, consider investing in apparel stocks. Learn more about how to invest in apparel stocks with MarketBeat.
Under Armour’s turnaround gains traction on raised EPS forecast (NKE)
Sports apparel and footwear company Under Armour Inc. (NYSE: UAA) gave shareholders a shot of optimism with its fiscal Q3 2024 earnings release.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Are these frigid Dow stocks in for a longer winter? (NKE)
These three Dow laggards have suffered double-digit percentage declines this winter, contributing to the Dow’s underperformance versus other major averages.
Peloton stock backpedals to a new low as shorts win (NKE)
While bullish Peloton traders keep up the faith for a short squeeze rally, bearish sellers keep laughing all the way to the bank.
Skechers stocks trips on inventory bloat, but there's an upside (NKE)
Skechers U.S.A. Inc. (NYSE: SKX) is a global lifestyle and performance footwear and apparel company that has really hit its stride in the last decade.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
NIKE: Facing Global Growth Pressure (Technical Analysis)
RBC Capital Keeps Their Buy Rating on Nike (NKE)
NKE Mar 2024 110.000 call
3 Retail Stocks at Risk as Consumers Cut Back on Spending
NKE Mar 2024 102.000 call
NKE Apr 2024 106.000 call
Nike (NKE) Stock Moves -0.2%: What You Should Know
It's Time! 3 Failing Blue-Chip Stocks to Sell in February
Exit Now! 3 Value Stocks to Sell in February 2024
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/01/2023
Last Earnings
12/21/2023
Dividend Payable
1/02/2024
Today
2/28/2024
Ex-Dividend for 4/1 Dividend
3/01/2024
Next Earnings (Confirmed)
3/21/2024
Dividend Payable
4/01/2024
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
$122.24
High Stock Price Target
$150.00
Low Stock Price Target
$92.00
Potential Upside/Downside
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
32 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
12.21%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.88 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$159.31 billion
Optionable
Optionable
Beta
1.11

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Should I Buy NIKE Stock? NKE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of NIKE was last updated on Wednesday, February 21, 2024 at 1:29 PM.

Pros

Here are some ways that investors could benefit from investing in NIKE, Inc.:

  • NIKE, Inc. is a well-established company with a strong brand presence in the athletic footwear and apparel industry.
  • Recent developments in the company's product lines, such as the latest versions of athletic shoes and apparel, have been well-received by consumers.
  • NIKE, Inc. has shown consistent growth in annual revenue and net income over recent periods, indicating financial stability.
  • The company has a solid Return on Equity (ROE) and Return on Assets (ROA), reflecting efficient use of shareholder and asset resources.
  • NIKE, Inc. has a strong market capitalization and a positive consensus rating from analysts, suggesting a favorable outlook for the stock.

Cons

Investors should be bearish about investing in NIKE, Inc. for these reasons:

  • The current stock price of NIKE, Inc. may be influenced by market volatility and economic conditions, leading to potential fluctuations in share value.
  • While the company has shown growth, competition in the athletic apparel industry is fierce, which could impact NIKE's market share and profitability.
  • NIKE, Inc. operates in a sector that is sensitive to consumer trends and preferences, making it susceptible to shifts in demand for athletic products.
  • Investors should consider the company's dividend yield and beta when evaluating the stock's potential for income and risk exposure.
  • Factors such as news sentiment, relative strength index, and moving averages should be monitored for potential impact on NIKE, Inc.'s stock performance.














NKE Stock Analysis - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 10 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?

32 equities research analysts have issued 1-year price objectives for NIKE's shares. Their NKE share price targets range from $92.00 to $150.00. On average, they anticipate the company's stock price to reach $122.24 in the next twelve months. This suggests a possible upside of 17.1% 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 2024?

NIKE's stock was trading at $108.57 at the start of the year. Since then, NKE shares have decreased by 3.9% and is now trading at $104.35.
View the best growth stocks for 2024 here
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 21st 2024.
View our NKE earnings forecast
.

How can I listen to NIKE's earnings call?

NIKE will be holding an earnings conference call on Thursday, March 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 earnings results on Thursday, December, 21st. The footwear maker reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.19. The footwear maker had revenue of $13.40 billion for the quarter, compared to the consensus estimate of $13.39 billion. NIKE had a net margin of 10.28% and a trailing twelve-month return on equity of 37.41%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 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 Thursday, February 8th. Investors of record on Monday, March 4th will be given a dividend of $0.37 per share on Monday, April 1st. This represents a $1.48 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, March 1st.
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 1.42%. 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 43.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 35.58% 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?

Shares of NIKE split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly minted 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 approved a share repurchase program on Monday, June 27th 2022, which permits the company to repurchase $18,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 11% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

What guidance has NIKE issued on next quarter's earnings?

NIKE updated its FY 2024 earnings guidance on Friday, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $51.7 billion-$51.7 billion, compared to the consensus revenue estimate of $53.1 billion.

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.20%), Capital International Investors (1.81%), Price T Rowe Associates Inc. MD (1.13%), Northern Trust Corp (0.99%), Norges Bank (0.80%) and Legal & General Group Plc (0.68%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/28/2024 by MarketBeat.com Staff