NYSE:NKE - Nike Stock Price, Forecast & News

$85.38

+2.15 (+2.58 %)

(As of 03/30/2020 04:00 PM ET)

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Today's Range

$81.50

Now: $85.38▼

$85.96

50-Day Range

$62.80

MA: $88.00▼

$103.54

52-Week Range

$60.00

Now: $85.38▼

$105.62

Volume10.96 million shs

Average Volume9.77 million shs

Market Capitalization$132.97 billion

P/E Ratio31.51

Dividend Yield1.18%

Beta0.84

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment under the NIKE brand for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. Further, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. NIKE, Inc. 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.

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Rubber & plastics footwear

Sub-IndustryFootwear

SectorConsumer Discretionary

Current SymbolNYSE:NKE

Previous Symbol

CUSIP65410610

CIK320187

Webhttp://www.nike.com/

Phone503-671-3173

Debt

Debt-to-Equity Ratio0.69

Current Ratio1.90

Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio31.51

Forward P/E Ratio31.05

P/E Growth2.35

Sales & Book Value

Annual Sales$39.12 billion

Price / Sales3.40

Cash Flow$3.10 per share

Price / Cash Flow27.55

Book Value$5.75 per share

Price / Book14.85

Profitability

EPS (Most Recent Fiscal Year)$2.49

Net Income$4.03 billion

Net Margins10.46%

Return on Equity51.49%

Return on Assets18.35%

Miscellaneous

Employees76,700

Outstanding Shares1,557,372,000

Market Cap$132.97 billion

Next Earnings Date6/25/2020 (Estimated)

OptionableOptionable

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Nike (NYSE:NKE) Frequently Asked Questions

How has Nike's stock been impacted by COVID-19 (Coronavirus)?

Nike's stock was trading at $84.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NKE shares have increased by 1.6% and is now trading at $85.38. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nike?

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nike in the last year. There are currently 3 sell ratings, 5 hold ratings and 27 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nike.

When is Nike's next earnings date?

Nike is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast for Nike.

How were Nike's earnings last quarter?

Nike Inc (NYSE:NKE) announced its quarterly earnings results on Tuesday, March, 24th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.59 by $0.19. The footwear maker had revenue of $10.10 billion for the quarter, compared to analysts' expectations of $9.56 billion. Nike had a net margin of 10.46% and a return on equity of 51.49%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. View Nike's earnings history.

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

Nike declared a quarterly dividend on Thursday, February 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.245 per share on Wednesday, April 1st. This represents a $0.98 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, February 28th. View Nike's dividend history.

When did Nike's stock split? How did Nike's stock split work?

Shares of Nike split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly minted shares were payable to shareholders after the market closes on Wednesday, December 23rd 2015. An investor that had 100 shares of Nike 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 buyback plan on Thursday, June 28th 2018, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 12.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

What price target have analysts set for NKE?

35 Wall Street analysts have issued twelve-month price targets for Nike's shares. Their forecasts range from $75.00 to $150.00. On average, they expect Nike's share price to reach $98.28 in the next year. This suggests a possible upside of 15.1% from the stock's current price. View analysts' price targets for Nike.

What are Wall Street analysts saying about Nike stock?

Here are some recent quotes from research analysts about Nike stock:

1. According to Zacks Investment Research, "Although shares of NIKE have declined year to date, it outperformed the industry driven by its robust earnings track record. The company reported strong second-quarter fiscal 2020 results gaining from the execution of Consumer Direct Offense, and strength in Wholesale and NIKE Direct businesses. It expects brand recognition, robust innovation and positive response from Nike Direct and wholesale partners to aid results in fiscal 2020. However, analysts are concerned about the coronavirus outbreak in China and its effects on NIKE’s results. The company, in February, temporarily closed nearly half of company-owned stores in Greater China, which should hurt near term results. Moreover, concerns related to higher operating costs, tariffs and foreign currency may hurt performance in the near term." (3/11/2020)
2. Pivotal Research analysts commented, "We expect another solid quarter, in line with the company’s guidance. With NKE, there are always several factors to consider. There is the global macro, including trade, FX, GDP growth, etc. There are the company-specific strategies, including innovation, direct, speed, etc. All of this is important, and we don’t mean to discount any of it. But, for us, the main lens with which we evaluate NKE is market share. In short, we believe NKE is taking share and expect this to continue, and this is the main reason for our bullishness. At the premium end of the spectrum, two of NKE’s biggest franchises, Max, are two of the strongest performing franchises in the market today, and the company has done well to layer on new programs such as the portfolio." (9/19/2019)
3. Guggenheim analysts commented, "We expect China to be a major focus for management, both in regards to the current trade tensions and consumer demand in the region. NKE remains a global company, with a diverse sourcing, manufacturing, and selling footprint. While China remains a significant portion of the company’s manufacturing base and we expect the region to account for ~18% of Nike brand revenue in FY20E, we believe NKE is one the best positioned companies to navigate the current environment. Over the years, NKE has invested in and fostered a strong relationship with both the Chinese consumer and government, demonstrated by the robust growth over the past three years (added +$2.4bn in top line from FY16-FY19). While concerns are warranted given the size and the scope, we remain confident in NKE/management’s ability to drive continued outperformance." (9/19/2019)

Has Nike been receiving favorable news coverage?

News articles about NKE stock have been trending negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nike earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned press coverage about the footwear maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutNike.

Are investors shorting Nike?

Nike saw a increase in short interest in February. As of February 28th, there was short interest totaling 10,530,000 shares, an increase of 18.0% from the February 13th total of 8,920,000 shares. Based on an average daily trading volume, of 6,980,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.9% of the shares of the stock are sold short. View Nike's Current Options Chain.

Who are some of Nike's key competitors?

Some companies that are related to Nike include Skechers USA (SKX), Deckers Outdoor (DECK), Steven Madden (SHOO), Wolverine World Wide (WWW) and Crocs (CROX).

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), Starbucks (SBUX), Home Depot (HD), Intel (INTC), Bank of America (BAC) and JPMorgan Chase & Co. (JPM).

Who are Nike's key executives?

Nike's management team includes the following people:

Mr. Mark G. Parker, Chairman, Pres & CEO (Age 63)
Mr. Andrew Campion, Exec. VP & CFO (Age 47)
Mr. Eric D. Sprunk, Chief Operating Officer (Age 55)
Ms. Hilary K. Krane, Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 55)
Mr. John F. Slusher, Exec. VP of Global Sports Marketing (Age 50)

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 institutional and retail investors. Top institutional investors include State Street Corp (3.79%), FMR LLC (1.93%), Bank of New York Mellon Corp (1.67%), Jennison Associates LLC (1.49%), Geode Capital Management LLC (1.34%) and Capital World Investors (1.30%). Company insiders that own Nike stock include Andrew Campion, Elizabeth J Comstock, Elliott Hill, Eric D Sprunk, Hilary K Krane, John C Lechleiter, John F Slusher, John W Rogers Jr, Johnathan A Rodgers, Mark G Parker, Monique S Matheson and Peter B Henry. View institutional ownership trends for Nike.

Which institutional investors are selling Nike stock?

NKE stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Capital World Investors, Nuveen Asset Management LLC, Thrivent Financial for Lutherans, Fred Alger Management LLC, Massachusetts Financial Services Co. MA, Panagora Asset Management Inc., and Bank of New York Mellon Corp. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Elizabeth J Comstock, Elliott Hill, Eric D Sprunk, Hilary K Krane, John C Lechleiter, John F Slusher, Mark G Parker, Monique S Matheson, and Peter B Henry. View insider buying and selling activity for Nike.

Which institutional investors are buying Nike stock?

NKE stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Alliancebernstein L.P., 1832 Asset Management L.P., FMR LLC, Amundi Pioneer Asset Management Inc., Marshall Wace North America L.P., Geode Capital Management LLC, and Fiera Capital Corp. View insider buying and selling activity for Nike.

How do I buy shares of Nike?

Shares of NKE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Nike's stock price today?

One share of NKE stock can currently be purchased for approximately $85.38.

How big of a company is Nike?

Nike has a market capitalization of $132.97 billion and generates $39.12 billion in revenue each year. The footwear maker earns $4.03 billion in net income (profit) each year or $2.49 on an earnings per share basis. Nike employs 76,700 workers across the globe. View additional information about Nike.

What is Nike's official website?

The official website for Nike is http://www.nike.com/.

How can I contact Nike?

Nike's mailing address is ONE BOWERMAN DRIVE, BEAVERTON OR, 97005. The footwear maker can be reached via phone at 503-671-3173 or via email at [email protected]

MarketBeat Community Rating for Nike (NYSE NKE)

Community Ranking:		3.0 out of 5 ( )
Outperform Votes:		2,066 (Vote Outperform)
Underperform Votes:		1,369 (Vote Underperform)
Total Votes:		3,435

MarketBeat's community ratings are surveys of what our community members think about Nike and other stocks. Vote "Outperform" if you believe NKE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NKE will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 3/30/2020 by MarketBeat.com Staff

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