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 Price Performance
Shares of NYSE:NKE opened at $114.00 on Tuesday. The firm's 50 day moving average is $110.30 and its two-hundred day moving average is $122.97. NIKE has a 52 week low of $99.53 and a 52 week high of $179.10. The firm has a market capitalization of $178.82 billion, a P/E ratio of 30.32, a PEG ratio of 2.39 and a beta of 1.02. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.58.
NIKE (NYSE:NKE - Get Rating) last announced its quarterly earnings results on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.10 billion. During the same quarter last year, the business earned $0.93 earnings per share. NIKE's revenue was down .8% compared to the same quarter last year. Analysts anticipate that NIKE will post 3.82 earnings per share for the current year.
NIKE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a dividend of $0.305 per share. The ex-dividend date is Friday, September 2nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.07%. NIKE's dividend payout ratio is presently 32.45%.
Analyst Ratings Changes
NKE has been the subject of a number of analyst reports. Piper Sandler initiated coverage on shares of NIKE in a research report on Wednesday, August 3rd. They issued a "neutral" rating and a $115.00 price objective for the company. JPMorgan Chase & Co. set a $130.00 price objective on shares of NIKE in a research report on Wednesday, June 29th. KeyCorp initiated coverage on shares of NIKE in a research report on Wednesday, July 20th. They issued a "sector weight" rating for the company. Robert W. Baird decreased their price objective on shares of NIKE from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, June 28th. Finally, Cowen reduced their price target on shares of NIKE from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Thursday, June 23rd. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus price target of $139.08.
Insider Activity at NIKE
In related news, EVP Monique S. Matheson sold 19,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $103.45, for a total transaction of $2,017,275.00. Following the transaction, the executive vice president now owns 80,355 shares in the company, valued at $8,312,724.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Monique S. Matheson sold 19,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $103.45, for a total transaction of $2,017,275.00. Following the transaction, the executive vice president now owns 80,355 shares in the company, valued at $8,312,724.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Friend sold 4,139 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 transaction of $469,445.38. Following the transaction, the chief financial officer now owns 56,539 shares in the company, valued at approximately $6,412,653.38. The disclosure for this sale can be found here. Insiders have sold 82,796 shares of company stock worth $9,085,334 over the last quarter. 0.40% of the stock is currently owned by company insiders.
