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 Price Performance

NYSE:NKE traded up $1.97 on Friday, hitting $116.07. The stock had a trading volume of 4,407,890 shares, compared to its average volume of 6,339,874. NIKE has a 52-week low of $99.53 and a 52-week high of $179.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.84 and a current ratio of 2.63. The company has a market capitalization of $182.06 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The firm has a 50-day moving average of $109.73 and a 200-day moving average of $122.24.

NIKE (NYSE:NKE - Get Rating) last posted its quarterly earnings data on Monday, June 27th. The footwear maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.09. The firm had revenue of $12.20 billion for the quarter, compared to analysts' expectations of $12.10 billion. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. Equities analysts expect that NIKE will post 3.8 EPS for the current 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 given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, September 2nd. NIKE's dividend payout ratio (DPR) is currently 32.45%.

Analysts Set New Price Targets

Several brokerages recently commented on NKE. HSBC dropped their price objective on NIKE from $140.00 to $132.00 and set a "hold" rating on the stock in a research note on Tuesday, June 14th. Cowen lowered their target price on NIKE from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Thursday, June 23rd. Robert W. Baird lowered 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. Barclays decreased their price objective on NIKE from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft set a $130.00 price objective on NIKE in a report on Tuesday, June 28th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $137.46.

Insider Activity

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