NIKE - NKE Stock Forecast, Price & News

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 12 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NKE shares.
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31 brokers have issued twelve-month price targets 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 $116.04 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
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NIKE's stock was trading at $166.67 at the beginning of 2022. Since then, NKE shares have decreased by 45.3% and is now trading at $91.10.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 19th 2022.
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NIKE, Inc. (NYSE:NKE) released its quarterly earnings data on Thursday, September, 29th. The footwear maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. The footwear maker had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a trailing twelve-month return on equity of 37.08% and a net margin of 11.96%. NIKE's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share.
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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 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, September 2nd.
Read our dividend analysis for NKE.

NIKE (NYSE:NKE) pays an annual dividend of $1.22 per share and currently has a dividend yield of 1.38%. 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 34.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 30.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

NIKE's stock split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly created shares were payable 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.

NIKE declared that its board has initiated a share repurchase 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

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.

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).

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

NIKE's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.02%), Bath Savings Trust Co (0.01%), Confluence Investment Management LLC (0.01%), Fulton Bank N.A. (0.00%), HBW Advisory Services LLC (0.00%) and First Financial Bank Trust Division (0.00%). 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.
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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.
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One share of NKE stock can currently be purchased for approximately $91.10.

NIKE (NYSE:NKE) has a market capitalization of $142.90 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.

The company employs 79,100 workers across the globe.

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.