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NIKE - NKE Stock Forecast, Price & News

$116.26
+0.19 (+0.16%)
(As of 08/15/2022 02:36 PM ET)
Add
Compare
Today's Range
$114.86
$116.28
50-Day Range
$101.18
$122.40
52-Week Range
$99.53
$179.10
Volume
184,109 shs
Average Volume
7.12 million shs
Market Capitalization
$182.36 billion
P/E Ratio
30.92
Dividend Yield
1.05%
Price Target
$137.46

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
18.8% Upside
$137.46 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
-0.05mentions of NIKE in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$9.09 M Sold Last Quarter
Proj. Earnings Growth
21.05%
From $3.80 to $4.60 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Consumer Discretionary Sector

25th out of 291 stocks

Rubber & Plastics Footwear Industry

2nd 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.

NIKE Stock Down 0.4 %

Shares of NYSE:NKE traded down $0.43 during trading hours on Monday, reaching $115.64. The stock had a trading volume of 16,711 shares, compared to its average volume of 7,121,872. The stock has a market capitalization of $181.39 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.45 and a beta of 1.02. The firm's 50 day moving average is $109.73 and its 200-day moving average is $122.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.84 and a current ratio of 2.63. NIKE has a 1 year low of $99.53 and a 1 year high of $179.10.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be issued a $0.305 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.22 dividend on an annualized basis and a yield of 1.05%. NIKE's dividend payout ratio is currently 32.45%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of recent analyst reports. Barclays lowered their price objective on shares of NIKE from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, June 29th. BMO Capital Markets decreased their price objective on NIKE from $142.00 to $128.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. Jefferies Financial Group set a $155.00 price objective on NIKE in a report on Tuesday, June 28th. HSBC cut their target price on shares of NIKE from $140.00 to $132.00 and set a "hold" rating for the company in a research note on Tuesday, June 14th. Finally, Credit Suisse Group set a $130.00 target price on shares of NIKE in a research note on Wednesday, June 29th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price of $137.46.

Insider Activity

In related news, EVP Monique S. Matheson sold 30,000 shares of the company's stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $107.19, for a total value of $3,215,700.00. Following the completion of the transaction, the executive vice president now directly owns 60,330 shares in the company, valued at $6,466,772.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Matthew Friend sold 4,139 shares of NIKE stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the chief financial officer now owns 56,539 shares of the company's stock, valued at approximately $6,412,653.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monique S. Matheson sold 30,000 shares of NIKE stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $107.19, for a total value of $3,215,700.00. Following the transaction, the executive vice president now owns 60,330 shares of the company's stock, valued at $6,466,772.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,796 shares of company stock valued at $9,085,334. 0.40% of the stock is owned by company insiders.

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NKE Stock News Headlines

MarketBeat: Week in Review 8/1 - 8/5 (NKE)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
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Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
NIKE (NYSE:NKE) Stock Rating Lowered by Exane BNP Paribas
NIKE (NYSE:NKE) Downgraded to "Neutral" at BNP Paribas
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
NIKE, Inc. (NYSE:NKE) CFO Matthew Friend Sells 4,139 Shares
NIKE (NYSE:NKE) Now Covered by Piper Sandler
How Much Of NIKE, Inc. (NYSE:NKE) Do Insiders Own?
NIKE (NYSE:NKE) Stock Rating Reaffirmed by Piper Sandler
NIKE (NYSE:NKE) Coverage Initiated at KeyCorp
See More Headlines
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NKE Company Calendar

Ex-Dividend for 7/1 Dividend
6/03/2022
Last Earnings
6/27/2022
Dividend Payable
7/01/2022
Today
8/15/2022
Ex-Dividend for 10/3 Dividend
9/02/2022
Next Earnings (Estimated)
9/22/2022
Dividend Payable
10/03/2022
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
$137.46
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
30 Analysts

Profitability

Net Income
$6.05 billion
Pretax Margin
14.24%

Debt

Sales & Book Value

Annual Sales
$46.71 billion
Cash Flow
$4.39 per share
Book Value
$9.73 per share

Miscellaneous

Outstanding Shares
1,568,556,000
Free Float
1,562,282,000
Market Cap
$182.36 billion
Optionable
Optionable
Beta
1.02

Social Links















NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 10 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 2022?

30 brokerages have issued 12-month price targets for NIKE's stock. Their NKE share price forecasts range from $115.00 to $176.00. On average, they predict the company's share price to reach $137.46 in the next year. This suggests a possible upside of 18.7% 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 the year. Since then, NKE stock has decreased by 30.5% and is now trading at $115.80.
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 Thursday, September 22nd 2022.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) released its earnings results on Monday, June, 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. The footwear maker earned $12.20 billion during the quarter, compared to analyst estimates of $12.10 billion. NIKE had a net margin of 12.94% and a trailing twelve-month return on equity of 40.74%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share.
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, August 4th. Investors of record on Tuesday, September 6th will be given a dividend of $0.305 per share on Monday, October 3rd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, September 2nd.
Read our dividend analysis for NKE
.

Is NIKE a good dividend stock?

NIKE (NYSE:NKE) pays an annual dividend of $1.22 per share and currently has a dividend yield of 1.05%. 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 32.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 26.52% 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 on the morning of Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly created shares were distributed 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.

How will NIKE's stock buyback program work?

NIKE announced that its Board of Directors has initiated 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is 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 number of retail and institutional investors. Top institutional investors include FMR LLC (1.23%), Northern Trust Corp (1.05%), Jennison Associates LLC (0.84%), Franklin Resources Inc. (0.61%), Massachusetts Financial Services Co. MA (0.45%) and Fiera Capital Corp (0.43%). 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 $115.80.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $181.64 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.76 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

When was NIKE founded?

NIKE was founded in 1967.

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 8/15/2022 by MarketBeat.com Staff

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