NIKE - NKE Stock Forecast, Price & News

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.

NIKE Stock Performance

Shares of NKE Stock opened at $114.10 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.63 and a quick ratio of 1.84. NIKE has a fifty-two week low of $99.53 and a fifty-two week high of $179.10. The stock's 50-day moving average is $110.02 and its two-hundred day moving average is $122.82. The firm has a market cap of $178.97 billion, a P/E ratio of 30.35, a PEG ratio of 2.32 and a beta of 1.02.

NIKE (NYSE:NKE - Get Rating) last issued its quarterly earnings data on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.09. The business had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.10 billion. NIKE had a return on equity of 40.74% and a net margin of 12.94%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Analysts predict that NIKE will post 3.8 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, September 2nd. NIKE's dividend payout ratio is 32.45%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NKE. Robert W. Baird reduced their target price on NIKE from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. Guggenheim reduced their target price on NIKE from $160.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, June 28th. Seaport Res Ptn downgraded NIKE from a "buy" rating to a "neutral" rating in a report on Wednesday, June 22nd. Credit Suisse Group set a $130.00 target price on NIKE in a report on Wednesday, June 29th. Finally, Jefferies Financial Group set a $155.00 target price on NIKE in a report on Tuesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.46.

Insider Activity

In other news, CFO Matthew Friend sold 9,032 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $110.52, for a total transaction of $998,216.64. Following the transaction, the chief financial officer now owns 51,581 shares of the company's stock, valued at approximately $5,700,732.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NIKE news, CFO Matthew Friend sold 9,032 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $110.52, for a total value of $998,216.64. Following the sale, the chief financial officer now owns 51,581 shares of the company's stock, valued at approximately $5,700,732.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew Campion sold 5,922 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $671,673.24. Following the completion of the sale, the chief operating officer now directly owns 75,295 shares in the company, valued at approximately $8,539,958.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,796 shares of company stock valued at $9,085,334. Insiders own 0.40% of the company's stock.