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NIKE - NKE Stock Forecast, Price & News

$115.15
+1.05 (+0.92%)
(As of 08/12/2022 02:16 PM ET)
Add
Compare
Today's Range
$113.79
$115.30
50-Day Range
$101.18
$122.40
52-Week Range
$99.53
$179.10
Volume
135,318 shs
Average Volume
6.41 million shs
Market Capitalization
$180.62 billion
P/E Ratio
30.63
Dividend Yield
1.08%
Price Target
$137.46

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.4% 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
-0.06mentions of NIKE in the last 14 days
Based on 13 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

26th out of 289 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 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.

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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.
The Institutions Are Buying Under Armor Again (NKE)
NIKE (NYSE:NKE) Stock Rating Lowered by Exane BNP Paribas
NIKE (NYSE:NKE) Downgraded to "Neutral" at BNP Paribas
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
8/12/2022
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
+19.4%
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
$4.46 per share
Book Value
$9.73 per share

Miscellaneous

Outstanding Shares
1,568,560,000
Free Float
1,562,282,000
Market Cap
$180.62 billion
Optionable
Optionable
Beta
1.02

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NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 10 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 1-year target prices for NIKE's stock. Their NKE share price forecasts range from $115.00 to $176.00. On average, they anticipate the company's share price to reach $137.46 in the next twelve months. This suggests a possible upside of 19.5% 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 2022. Since then, NKE stock has decreased by 31.0% and is now trading at $115.06.
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) announced its earnings results on Monday, June, 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.09. The footwear maker earned $12.20 billion during the quarter, compared to analysts' expectations of $12.10 billion. NIKE had a trailing twelve-month return on equity of 40.74% and a net margin of 12.94%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business 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. Shareholders 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 dividend yield of 1.06%. 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 1.08%. 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 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 declared that its board has initiated a stock buyback program on Monday, June 27th 2022, which authorizes the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 11% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (1.23%), Jennison Associates LLC (0.84%), Franklin Resources Inc. (0.61%), Fiera Capital Corp (0.43%), Clearbridge Investments LLC (0.41%) and Swiss National Bank (0.35%). 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 $115.06.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $180.48 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 8/12/2022 by MarketBeat.com Staff

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