NYSE:NKENike Stock Price, Forecast & News

$93.75

-0.51 (-0.54 %)

(As of 05/25/2020 01:00 PM ET)

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Today's Range

$93.35

Now: $93.75▼

$94.65

50-Day Range

$78.86

MA: $87.02▼

$94.26

52-Week Range

$60.00

Now: $93.75▼

$105.62

Volume4.05 million shs

Average Volume6.70 million shs

Market Capitalization$145.78 billion

P/E Ratio34.59

Dividend Yield1.05%

Beta0.75

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Nike has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 28 buy ratings, 5 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $98.33, Nike has a potential upside of 4.9% from its current price of $93.75.
Amount of Analyst Coverage
Nike has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Nike has received 2,071 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Nike has received 1,373 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Nike has received 60.13% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Nike is a leading dividend payer. It pays a dividend yield of 1.05%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Nike has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Nike is 39.36 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Nike will have a dividend payout ratio of 36.43 % next year. This indicates that Nike will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nike insiders have sold 235.39% more of their company's stock than they have bought. Specifically, they have bought $295,180.00 in company stock and sold $990,000.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Nike is held by insiders.
Percentage Held by Institutions
64.53% of the stock of Nike is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Nike are expected to grow by 1.89% in the coming year, from $2.64 to $2.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nike is 34.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nike is 34.59, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.89.
Price to Earnings Growth Ratio
Nike has a PEG Ratio of 2.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Nike has a P/B Ratio of 16.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.06 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Rubber & plastics footwear

Sub-IndustryFootwear

SectorConsumer Discretionary

Current SymbolNYSE:NKE

Previous Symbol

CUSIP65410610

CIK320187

Webwww.nike.com

Phone503-671-6453

Debt

Debt-to-Equity Ratio0.69

Current Ratio1.90

Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio34.59

Forward P/E Ratio35.51

P/E Growth2.91

Sales & Book Value

Annual Sales$39.12 billion

Price / Sales3.73

Cash Flow$3.02 per share

Price / Cash Flow31.03

Book Value$5.75 per share

Price / Book16.30

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 Shares1,555,030,000

Market Cap$145.78 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NKE stock has increased by 11.6% and is now trading at $93.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nike?

36 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 28 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 earnings results on Tuesday, March, 24th. The footwear maker reported $0.78 EPS for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.19. The footwear maker had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.56 billion. Nike had a net margin of 10.46% and a return on equity of 51.49%. Nike's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. 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, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.245 per share on Wednesday, July 1st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 29th. View Nike's dividend history.

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

Nike shares split 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 closing bell 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 authorizes the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 12.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

What price target have analysts set for NKE?

36 brokers have issued 1 year target prices for Nike's shares. Their forecasts range from $78.00 to $150.00. On average, they expect Nike's share price to reach $98.33 in the next twelve months. This suggests a possible upside of 4.9% 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 stories about NKE stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Nike earned a news impact score of 1.5 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 immediate future. View the latest news aboutNike.

Who are some of Nike's key competitors?

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

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), Starbucks (SBUX), Alibaba Group (BABA), Intel (INTC), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.85%), State Street Corp (3.77%), Bank of New York Mellon Corp (1.71%), Wellington Management Group LLP (1.43%), Geode Capital Management LLC (1.36%) and Capital World Investors (1.33%). 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 Jennison Associates LLC, 1832 Asset Management L.P., Capital Research Global Investors, Polen Capital Management LLC, AQR Capital Management LLC, Massachusetts Financial Services Co. MA, AKO Capital LLP, and Waddell & Reed Financial Inc.. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Elizabeth J Comstock, Elliott Hill, 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 bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Morgan Stanley, Fundsmith LLP, Advisor Group Holdings Inc., Assenagon Asset Management S.A., Sustainable Growth Advisers LP, BlackRock Inc., and APG Asset Management N.V.. 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 $93.75.

How big of a company is Nike?

Nike has a market capitalization of $145.78 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.

What is Nike's official website?

The official website for Nike is 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 503-671-6453 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff