NYSE:NKE - Nike Stock Price, News, & Analysis

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$73.34 -2.20 (-2.91 %)

(As of 12/9/2018 04:00 PM ET)

Previous Close$73.34

Today's Range$72.87 - $75.97

52-Week Range$60.13 - $86.04

Volume5.71 million shs

Average Volume6.19 million shs

Market Capitalization$116.47 billion

P/E Ratio30.31

Dividend Yield1.20%

Beta0.76

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.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry Rubber & plastics footwear

Sub-IndustryFootwear

SectorConsumer Discretionary

Current SymbolNYSE:NKE

Previous Symbol

CUSIP65410610

Webwww.nike.com

Phone503-671-6453

Debt

Debt-to-Equity Ratio0.39

Current Ratio2.31

Quick Ratio1.53

Price-To-Earnings

Trailing P/E Ratio30.31

Forward P/E Ratio27.89

P/E Growth2.29

Sales & Book Value

Annual Sales$36.40 billion

Price / Sales3.20

Cash Flow$2.9585 per share

Price / Cash Flow24.79

Book Value$6.13 per share

Price / Book11.96

Profitability

EPS (Most Recent Fiscal Year)$2.42

Net Income$1.93 billion

Net Margins5.57%

Return on Equity40.69%

Return on Assets17.92%

Miscellaneous

Employees73,100

Outstanding Shares1,588,110,000

Market Cap$116.47 billion

OptionableOptionable

Nike (NYSE:NKE) Frequently Asked Questions

What is Nike's stock symbol?

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

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

Nike announced a quarterly dividend on Thursday, November 15th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.22 per share on Wednesday, January 2nd. This represents a $0.88 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Nike's previous quarterly dividend of $0.20. View Nike's Dividend History.

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

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 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 authorized a share buyback plan on Thursday, June 28th 2018, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 12.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

How were Nike's earnings last quarter?

Nike Inc (NYSE:NKE) posted its quarterly earnings data on Tuesday, September, 25th. The footwear maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.04. The footwear maker earned $9.95 billion during the quarter, compared to the consensus estimate of $9.92 billion. Nike had a net margin of 5.57% and a return on equity of 40.69%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. View Nike's Earnings History.

When is Nike's next earnings date?

Nike is scheduled to release their next quarterly earnings announcement on Thursday, December 20th 2018. View Earnings Estimates for Nike.

How can I listen to Nike's earnings call?

Nike will be holding an earnings conference call on Thursday, December 20th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for NKE?

38 equities research analysts have issued 1-year price targets for Nike's shares. Their forecasts range from $55.00 to $103.00. On average, they anticipate Nike's stock price to reach $86.5429 in the next year. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for Nike.

What is the consensus analysts' recommendation for Nike?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nike in the last year. There are currently 2 sell ratings, 13 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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, "Though NIKE boasts a robust surprise history, higher SG&A expenses due to increased demand creation expense and operating overheads have been headwinds. The company continues to project increased SG&A expenses in quarters ahead, which should hurt margins. Further, unfavorable currency rates due to the global trade and geopolitical dynamics are likely to weigh on its sales. Hence, it provided a soft guidance for fiscal 2019 and the second quarter. However, NIKE’s strong earnings trend has aided the stock to surpass the industry in a year. It delivered positive earnings surprise for the 25th straight quarter in first-quarter fiscal 2019, while sales topped estimates for sixth consecutive quarter. Strong progress on Consumer Direct Offense through innovation and focus on direct-to-customer are key drivers. Growth at international and NIKE Direct businesses, alongside momentum in North America aided fiscal first quarter results." (12/3/2018)
2. Pivotal Research analysts commented, "We also expect NKE to reiterate its FY19 guidance. While a trade war, especially with NKE’s sales) poses some risk, we believe NKE is poised to continue taking market share around the globe in FY19. In short, we have a positive bias towards NKE, but we’re hesitant to be too constructive on the shares at a P/E of 27x; hence our HOLD rating." (6/26/2018)
3. Guggenheim analysts commented, "We raise our PT to $78 from $70 to reflect 1) our continued confidence on Nike’s innovation pipeline impact on revenue acceleration, 2) continued GM improvement, and 3) continued strength in International combined with an expected inflection in NA revenue. Total revenue beat our expectations in 3Q, driven by a 19% increase in reported Int’l revenue, an acceleration from 2Q (+14%). Total Nike, Inc. revenue grew 7% (+3% in cc) to $9.0bn, $173mn above our estimate. EMEA (+19% reported; +9% in CC), Greater China (+24% reported; +19% in CC), and APLA (+13% reported; +11% in CC) revenue all were better than expected as NKE continues to display strong Int’l growth, showcasing the power of NKE’s Consumer Direct Offense. In particular, we highlight the strength in China and note favorable macro trends including acceleration in consumer spending/sports participation. Nike Basketball was strong in 3Q growing +DD in Footwear/Apparel across geographies." (3/23/2018)

Has Nike been receiving favorable news coverage?

News headlines about NKE stock have trended somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of media 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 media sentiment score of 0.8 on InfoTrie's scale. They also assigned news articles about the footwear maker a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Who are some of Nike's key competitors?

Some companies that are related to Nike include Comcast (CMCSA), Walt Disney (DIS), Netflix (NFLX), Twenty-First Century Fox (FOXA), Twenty-First Century Fox (FOX), Naspers (NPSNY), Charter Communications (CHTR), Sony (SNE), ADIDAS AG/S (ADDYY), Las Vegas Sands (LVS), Marriott International (MAR), SKY (SKYAY), ORIENTAL LD CO/ADR (OLCLY), Activision Blizzard (ATVI) and SANDS CHINA Ltd/ADR (SCHYY).

Who are Nike's key executives?

Nike's management team includes the folowing people:

Mr. Mark G. Parker, Chairman, Pres & CEO (Age 62)
Mr. Andrew Campion, Exec. VP & CFO (Age 46)
Mr. Eric D. Sprunk, Chief Operating Officer (Age 54)
Ms. Hilary K. Krane, Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 54)
Mr. John F. Slusher, Exec. VP of Global Sports Marketing (Age 49)

Who are Nike's major shareholders?

Nike's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.46%), BlackRock Inc. (5.21%), Capital World Investors (4.08%), Capital Research Global Investors (3.42%), Bank of New York Mellon Corp (1.72%) and FMR LLC (1.04%). Company insiders that own Nike stock include Andrew Campion, David J Ayre, Elliott Hill, Eric D Sprunk, Hilary K Krane, John C Lechleiter, John F Slusher, John R Thompson Jr, Johnathan A Rodgers, Mark G Parker, Monique S Matheson and Trevor A Edwards. 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 World Investors, Morgan Stanley, Mitsubishi UFJ Trust & Banking Corp, Massachusetts Financial Services Co. MA, Capital International Investors, Neuberger Berman Group LLC, Bessemer Group Inc. and Great West Life Assurance Co. Can. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Elliott Hill, Eric D Sprunk, Hilary K Krane, John F Slusher, Johnathan A Rodgers, Mark G Parker and Monique S Matheson. View Insider Buying and Selling for Nike.

Which institutional investors are buying Nike stock?

NKE stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Putnam Investments LLC, American Century Companies Inc., Thrivent Financial for Lutherans, Jennison Associates LLC, Vanguard Group Inc., Prudential Financial Inc. and Alliancebernstein L.P.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Nike's stock price today?

One share of NKE stock can currently be purchased for approximately $73.34.

How big of a company is Nike?

Nike has a market capitalization of $116.47 billion and generates $36.40 billion in revenue each year. The footwear maker earns $1.93 billion in net income (profit) each year or $2.42 on an earnings per share basis. Nike employs 73,100 workers across the globe.

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 DR, BEAVERTON OR, 97005. The footwear maker can be reached via phone at 503-671-6453 or via email at [email protected]

MarketBeat Community Rating for Nike (NYSE NKE)

Community Ranking:		3.0 out of 5 ( )
Outperform Votes:		1,855 (Vote Outperform)
Underperform Votes:		1,240 (Vote Underperform)
Total Votes:		3,095

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 12/9/2018 by MarketBeat.com Staff

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