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NIKE (NKE) Stock Forecast, Price & News

$107.52
+0.01 (+0.01%)
(As of 12:16 PM ET)
Compare
Today's Range
$107.07
$108.88
50-Day Range
$107.48
$127.92
52-Week Range
$82.22
$131.31
Volume
3.53 million shs
Average Volume
6.02 million shs
Market Capitalization
$165.26 billion
P/E Ratio
30.99
Dividend Yield
1.26%
Price Target
$134.33

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
25.0% Upside
$134.33 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.40mentions of NIKE in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$26.45 M Sold Last Quarter
Proj. Earnings Growth
22.84%
From $3.24 to $3.98 Per Share

Overall MarketRank

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

3.20 out of 5 stars

Consumer Discretionary Sector

23rd out of 278 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks


NKE stock logo

About NIKE (NYSE:NKE) Stock

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.

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NKE Stock News Headlines

Lululemon Stock, Buying Opportunity on Lowered Guidance? (NKE)
Athleisure apparel and footwear maker Lululemon Athletica Inc. (NASDAQ: LULU) stock took a rapid (-10%) drop upon updating mixed guidance for its upcoming Q4
7 Best Retail Stocks to Invest in (NKE)
Retail stocks allow investors to own stock in businesses where they shop. Learn more about the best retail stocks to invest in on MarketBeat.
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
Under Armour May Have Just Bottomed (NKE)
Under Armour shares are at a decade-long low valuation, new CEO plans to turn the brand's presence around may be the fuel investors needed to see former glory
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
Nike's reputation climbs in recent brand survey
Nike: Load Up On This Gem At $85
NIKE (NYSE:NKE) Cut to Sell at Williams Trading
NIKE (NYSE:NKE) Trading Down 2.5%
Nike (NYSE: NKE)
Nike: Buy, Sell, or Hold?
Brokerages Set NIKE, Inc. (NYSE:NKE) PT at $134.33
Top Stock Reports for Oracle, NIKE & Starbucks
See More Headlines
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NKE Company Calendar

Ex-Dividend for 4/3 Dividend
3/03/2023
Last Earnings
3/21/2023
Dividend Payable
4/03/2023
Today
5/30/2023
Fiscal Year End
5/31/2023
Ex-Dividend for 7/5 Dividend
6/02/2023
Next Earnings (Estimated)
6/26/2023
Dividend Payable
7/05/2023

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
$134.33
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
36 Analysts

Profitability

Net Income
$6.05 billion
Pretax Margin
12.50%

Debt

Sales & Book Value

Annual Sales
$46.71 billion
Cash Flow
$4.38 per share
Book Value
$9.73 per share

Miscellaneous

Outstanding Shares
1,536,990,000
Free Float
1,530,841,000
Market Cap
$165.24 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • John J. Donahoe
    President, Chief Executive Officer & Director
  • Andrew CampionAndrew Campion
    Chief Operating Officer & Executive Vice President
  • Matthew FriendMatthew Friend
    Chief Financial Officer & Executive Vice President
  • Monique S. MathesonMonique S. Matheson
    Chief Human Resources Officer & Executive VP
  • Ann M. Miller
    Chief Legal Officer & Executive Vice President













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 12 hold ratings and 22 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?

36 Wall Street analysts have issued 12 month price objectives for NIKE's stock. Their NKE share price forecasts range from $100.00 to $160.00. On average, they expect the company's share price to reach $134.33 in the next year. This suggests a possible upside of 24.9% 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 2023?

NIKE's stock was trading at $117.01 on January 1st, 2023. Since then, NKE shares have decreased by 8.1% and is now trading at $107.51.
View the best growth stocks for 2023 here
.

Are investors shorting NIKE?

NIKE saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,570,000 shares, an increase of 24.3% from the April 30th total of 11,720,000 shares. Based on an average daily trading volume, of 5,900,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.2% of the company's shares are sold short.
View NIKE's Short Interest
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 26th 2023.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) released its earnings results on Tuesday, March, 21st. The footwear maker reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.24. The footwear maker had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.48 billion. NIKE had a trailing twelve-month return on equity of 35.98% and a net margin of 10.82%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share.
Read the conference call transcript
.

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

NIKE announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Monday, June 5th will be paid a dividend of $0.34 per share on Wednesday, July 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 2nd.
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 1.26%. 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 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 34.17% 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 payable 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 approved a stock repurchase program on Monday, June 27th 2022, which allows the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11% of its stock through open market purchases. Stock buyback programs are often an indication 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 shareholders include State Street Corp (3.50%), Wellington Management Group LLP (2.09%), Geode Capital Management LLC (1.46%), Bank of New York Mellon Corp (1.35%), FMR LLC (1.24%) and Price T Rowe Associates Inc. MD (1.07%). 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 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 $107.51.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $165.24 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.47 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 5/30/2023 by MarketBeat.com Staff

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