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NIKE - NKE Stock Forecast, Price & News

$107.93
-1.69 (-1.54%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$106.75
$110.53
50-Day Range
$83.12
$112.20
52-Week Range
$82.22
$173.35
Volume
7.08 million shs
Average Volume
7.55 million shs
Market Capitalization
$169.29 billion
P/E Ratio
30.58
Dividend Yield
1.24%
Price Target
$115.25

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
6.8% Upside
$115.25 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
-0.02mentions of NIKE in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$550,261 Sold Last Quarter
Proj. Earnings Growth
26.26%
From $2.97 to $3.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Consumer Discretionary Sector

60th out of 267 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks

NKE stock logo

About NIKE (NYSE:NKE) Stock

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

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NKE Stock News Headlines

3 Reasons Another Shoe May Drop for Skechers (NKE)
Several hurdles lie ahead as Skechers limps to the finish line in 2022. At some point the stock will be on clearance, but it's nowhere near there right now.
Nike Cuts Ties With NBA Player Kyrie Irving
Nike cuts ties with Kyrie Irving after 12 years
Traders Purchase Large Volume of NIKE Call Options (NYSE:NKE)
Why Nike Stock Jumped 18% in November
Nike (NKE) Stock Moves -0.94%: What You Should Know
NIKE (NYSE:NKE) Is Reinvesting At Lower Rates Of Return
Calculating The Intrinsic Value Of NIKE, Inc. (NYSE:NKE)
Walmart, Nike Lead the Dow Higher Tuesday
Why Nike Stock Was Climbing on Tuesday
Down 35%, Is Nike Stock Really a Long-Term Buy?
A Look At The Intrinsic Value Of NIKE, Inc. (NYSE:NKE)
What's Going On With Nike Shares
Why Nike Stock Was Bouncing Higher Today
See More Headlines
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NKE Company Calendar

Ex-Dividend for 10/3 Dividend
9/02/2022
Last Earnings
9/29/2022
Dividend Payable
10/03/2022
Ex-Dividend for 12/28 Dividend
12/02/2022
Today
12/06/2022
Next Earnings (Estimated)
12/19/2022
Dividend Payable
12/28/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
Footwear
CUSIP
65410610
Employees
79,100
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$115.25
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$83.00
Forecasted Upside/Downside
+6.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
32 Analysts

Profitability

Net Income
$6.05 billion
Pretax Margin
13.52%

Debt

Sales & Book Value

Annual Sales
$46.71 billion
Cash Flow
$4.22 per share
Book Value
$9.73 per share

Miscellaneous

Outstanding Shares
1,568,556,000
Free Float
1,562,282,000
Market Cap
$169.29 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Mr. Mark G. ParkerMr. Mark G. Parker (Age 66)
    Exec. Chairman
    Comp: $9.68M
  • Mr. John J. Donahoe IIMr. John J. Donahoe II (Age 61)
    Pres, CEO & Director
    Comp: $9.99M
  • Mr. Matthew  FriendMr. Matthew Friend (Age 44)
    Exec. VP & CFO
    Comp: $3.02M
  • Mr. Andrew  CampionMr. Andrew Campion (Age 50)
    Chief Operating Officer
    Comp: $3.33M
  • Ms. Heidi O'Neill (Age 56)
    Pres of Consumer & Marketplace
    Comp: $3.34M
  • Mr. Philip H. Knight (Age 84)
    Co-Founder & Chairman Emeritus
  • Mr. Paul Trussell C.F.A.
    VP of Investor Relations & Strategic Fin.
  • Ms. Ann M. Miller
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Monique S. MathesonMs. Monique S. Matheson (Age 55)
    Exec. VP & Chief HR Officer
  • Mr. John R. Hoke III (Age 57)
    Chief Design Officer













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 12 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NKE shares.
View NKE analyst ratings
or view top-rated stocks.

What is NIKE's stock price forecast for 2023?

32 brokerages have issued 1 year price objectives for NIKE's shares. Their NKE share price forecasts range from $83.00 to $176.00. On average, they anticipate the company's stock price to reach $115.25 in the next year. This suggests a possible upside of 6.9% 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 2022?

NIKE's stock was trading at $166.67 at the beginning of 2022. Since then, NKE stock has decreased by 35.3% and is now trading at $107.86.
View the best growth stocks for 2022 here
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, December 19th 2022.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) posted its quarterly earnings results on Thursday, September, 29th. The footwear maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The footwear maker earned $12.70 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 11.96% and a trailing twelve-month return on equity of 37.08%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS.
Read the conference call transcript
.

How often does NIKE pay dividends? What is the dividend yield for NIKE?

NIKE announced a quarterly dividend on Tuesday, November 15th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.34 per share on Wednesday, December 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, December 2nd. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for NKE
.

Is NIKE a good dividend stock?

NIKE (NYSE:NKE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.21%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 36.27% 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 shares split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly issued 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 of Directors has authorized a share 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 buy up to 11% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors 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).

What is NIKE's stock symbol?

NIKE trades on the New York Stock Exchange (NYSE) under the ticker symbol "NKE."

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. (6.92%), BlackRock Inc. (5.70%), State Street Corp (3.52%), Bank of New York Mellon Corp (1.43%), Alliancebernstein L.P. (1.43%) and Price T Rowe Associates Inc. MD (1.03%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Elliott Hill, Heidi O'neill, Hilary K Krane, Hilary K Krane, John F Slusher, 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.
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.

What is NIKE's stock price today?

One share of NKE stock can currently be purchased for approximately $107.86.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $169.18 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.53 on an earnings per share basis.

How many employees does NIKE have?

The company employs 79,100 workers across the globe.

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
How can I contact NIKE?

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.

This page (NYSE:NKE) was last updated on 12/6/2022 by MarketBeat.com Staff