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NIKE - NKE Stock Forecast, Price & News

$116.01
-1.03 (-0.88%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$115.30
$116.68
50-Day Range
$101.18
$118.06
52-Week Range
$99.53
$179.10
Volume
4.74 million shs
Average Volume
7.12 million shs
Market Capitalization
$181.97 billion
P/E Ratio
30.85
Dividend Yield
1.04%
Price Target
$137.46

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
18.5% 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
0.03mentions of NIKE in the last 14 days
Based on 6 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

21st out of 288 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NKE. Morgan Stanley lowered their target price on shares of NIKE from $159.00 to $149.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. Wedbush lowered their target price on shares of NIKE from $139.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. Robert W. Baird decreased their price target on shares of NIKE from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. The Goldman Sachs Group decreased their price target on shares of NIKE from $155.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Finally, HSBC decreased their price target on shares of NIKE from $140.00 to $132.00 and set a "hold" rating for the company in a report on Tuesday, June 14th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.46.

NIKE Stock Down 0.9 %

Shares of NKE opened at $117.04 on Thursday. The firm has a market cap of $183.58 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.84 and a current ratio of 2.63. NIKE has a 52 week low of $99.53 and a 52 week high of $179.10. The firm's 50-day simple moving average is $109.48 and its 200 day simple moving average is $121.81.

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. NIKE had a return on equity of 40.74% and a net margin of 12.94%. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.10 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that NIKE will post 3.8 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, September 2nd. NIKE's dividend payout ratio is currently 32.45%.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average cost of $102.96 per share, for a total transaction of $1,029,600.00. Following the completion of the purchase, the director now owns 25,681 shares in the company, valued at approximately $2,644,115.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NIKE news, EVP Monique S. Matheson sold 19,500 shares of the firm's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $103.45, for a total value of $2,017,275.00. Following the transaction, the executive vice president now directly owns 80,355 shares of the company's stock, valued at approximately $8,312,724.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John W. Rogers, Jr. purchased 10,000 shares of the business's stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $102.96 per share, with a total value of $1,029,600.00. Following the acquisition, the director now owns 25,681 shares in the company, valued at approximately $2,644,115.76. The disclosure for this purchase can be found here. Insiders have sold a total of 82,796 shares of company stock worth $9,085,334 in the last quarter. Corporate 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)
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Why Is No One at Nike Working This Week?
Is No One at Nike Working This Week?
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Is Trending Stock NIKE, Inc. (NKE) a Buy Now?
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
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
8/18/2022
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
+18.5%
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
$4.31 per share
Book Value
$9.73 per share

Miscellaneous

Outstanding Shares
1,568,556,000
Free Float
1,562,282,000
Market Cap
$181.97 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Mr. Mark G. ParkerMr. Mark G. Parker (Age 66)
    Exec. Chairman
    Comp: $9.68M
  • Mr. John J. Donahoe IIMr. John J. Donahoe II (Age 61)
    Pres, CEO & Director
    Comp: $9.99M
  • Mr. Matthew FriendMr. Matthew Friend (Age 44)
    Exec. VP & CFO
    Comp: $3.02M
  • Mr. Andrew CampionMr. Andrew Campion (Age 50)
    Chief Operating Officer
    Comp: $3.33M
  • Ms. Heidi O'Neill (Age 56)
    Pres of Consumer & Marketplace
    Comp: $3.34M
  • Mr. Philip H. Knight (Age 84)
    Co-Founder & Chairman Emeritus
  • Mr. Paul Trussell C.F.A.
    VP of Investor Relations & Strategic Fin.
  • Ms. Ann M. Miller
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Monique S. MathesonMs. Monique S. Matheson (Age 55)
    Exec. VP & Chief HR Officer
  • Mr. John R. Hoke III (Age 57)
    Chief Design Officer













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

30 Wall Street equities 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 equities 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 equities research 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 predict the company's share price to reach $137.46 in the next twelve months. This suggests a possible upside of 18.5% 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 start of the year. Since then, NKE shares have decreased by 30.4% and is now trading at $116.01.
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) issued its quarterly earnings results 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 footwear maker earned $12.20 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS.
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 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend 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 1.04%. 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's stock split 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 declared that its Board of Directors has initiated a share repurchase plan on Monday, June 27th 2022, which allows the company to buyback $18,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 11% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management 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 a number of retail and institutional investors. Top institutional investors include State Street Corp (3.48%), FMR LLC (1.23%), Northern Trust Corp (1.05%), Price T Rowe Associates Inc. MD (1.05%), Jennison Associates LLC (0.84%) and Franklin Resources Inc. (0.61%). 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 $116.01.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $181.97 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 8/18/2022 by MarketBeat.com Staff

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