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Most-Upgraded StocksMost-Upgraded
NYSE:NKE

NIKE (NKE) Stock Forecast, Price & News

$105.21
-2.57 (-2.38%)
(As of 06/5/2023 ET)
Compare
Today's Range
$105.18
▼
$107.88
50-Day Range
$103.66
▼
$127.92
52-Week Range
$82.22
▼
$131.31
Volume
7.98 million shs
Average Volume
6.35 million shs
Market Capitalization
$161.71 billion
P/E Ratio
30.32
Dividend Yield
1.29%
Price Target
$134.33
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
27.7% Upside
$134.33 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.29mentions of NIKE in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$26.45 M Sold Last Quarter
Proj. Earnings Growth
22.84%
From $3.24 to $3.98 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Consumer Discretionary Sector

8th out of 263 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks

See Top Rated MarketRank™ Stocks Here

NKE stock logo

About NIKE (NYSE:NKE) Stock

Bill Bowerman and Phil Knight founded NIKE Inc., a multinational corporation that designs, develops, markets and sells athletic footwear, apparel, equipment and accessories globally, as Blue Ribbon Sports in 1964. 

The company officially changed its name to NIKE Inc. in 1971 and operates in four segments: North America, Europe, Middle East and Africa (EMEA) and Asia Pacific and Latin America (APLA). NIKE's product portfolio includes athletic and casual footwear, apparel and accessories under the Jumpman trademark, and casual sneakers and accessories under the Converse, Chuck Taylor, All-Star, One Star, Star Chevron and Jack Purcell trademarks. The company sells performance equipment and accessories for sports activities under the NIKE brand and markets apparel with licensed collegiate and professional team league logos. NIKE licenses unaffiliated parties to manufacture and sell apparel, digital devices, applications and other equipment for sports activities under NIKE-owned trademarks.

Retail channels selling NIKE products include footwear stores, athletic specialty stores, department stores, skate, tennis and golf shops and other retail accounts. NIKE operates its retail stores and digital platforms and works with independent distributors, licensees and sales representatives to distribute Nike products worldwide. 

The company is expanding its digital presence and e-commerce capabilities, accounting for more than 24% of its total revenue in 2022 (excluding the Jordan and Converse brands). NIKE's digital platforms and apps, including the Nike App and SNKRS, allow customers to purchase products, track their fitness goals and connect with other athletes.

The company is committed to reducing its environmental impact, such as increasing the use of sustainable materials in Nike products and reducing greenhouse gas emissions in its supply chain. Additionally, NIKE has implemented a code of conduct to ensure ethical labor practices are adhered to by its suppliers and has been investing in new technologies such as 3-D printing, robotics and artificial intelligence to improve efficiency, sustainability and personalization of various product lines.

In terms of financial performance, NIKE, Inc. has a strong track record of revenue growth and profitability year over year. The company's iconic "Just Do It" campaign, launched in 1988, has been used in many advertisement campaigns and is now considered one of the most iconic slogans in advertising history. NIKE continues to feature famous athletes, celebrities and everyday people in its advertisements to showcase that anyone can achieve greatness through perseverance and hard work.

NIKE Inc. is a well-established, financially stable company with a strong brand committed to innovation, sustainability and corporate responsibility. Its diverse product offerings, growing digital presence and global reach make it a leading player in the athletic footwear, apparel and equipment industry. Nike offers investors solid financial performance with a commitment to delivering value to its shareholders.

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NKE Stock News Headlines

June 1, 2023 | marketbeat.com
How to Invest in Specialty Retail Stores (NKE)
A specialty retail store focuses on specific product categories instead of selling a large number of items. Learn more about specialty retail on MarketBeat.
May 24, 2023 | marketbeat.com
Lululemon Stock, Buying Opportunity on Lowered Guidance? (NKE)
Athleisure apparel and footwear maker Lululemon Athletica Inc. (NASDAQ: LULU) stock took a rapid (-10%) drop upon updating mixed guidance for its upcoming Q4
June 5, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 16, 2023 | marketbeat.com
7 Best Retail Stocks to Invest in (NKE)
Retail stocks allow investors to own stock in businesses where they shop. Learn more about the best retail stocks to invest in on MarketBeat.
May 9, 2023 | marketbeat.com
Under Armour May Have Just Bottomed (NKE)
Under Armour shares are at a decade-long low valuation, new CEO plans to turn the brand's presence around may be the fuel investors needed to see former glory
June 5, 2023 | msn.com
Nike runs back into Macy's stores as rekindles wholesaler relationships
June 4, 2023 | msn.com
Nike Making a Surprising Return to Macy's
June 1, 2023 | benzinga.com
NIKE, Inc. Announces Fourth Quarter Fiscal 2023 Earnings and Conference Call
June 5, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
May 31, 2023 | msn.com
Check Out What Whales Are Doing With NKE
May 31, 2023 | americanbankingnews.com
NIKE, Inc. (NKE) to Issue Quarterly Dividend of $0.34 on July 5th
May 31, 2023 | bizjournals.com
Nike shakes up senior leadership, including head of Jordan brand
May 30, 2023 | bizjournals.com
Nike shakes up senior leadership, including CFO and COO roles
May 30, 2023 | finance.yahoo.com
Nike (NKE) Stock Moves -0.92%: What You Should Know
May 30, 2023 | bizjournals.com
Nike CEO on Disney’s Florida Gov. Ron DeSantis feud: 'I think Bob’s doing a great job at this'
May 28, 2023 | finance.yahoo.com
Be Sure To Check Out NIKE, Inc. (NYSE:NKE) Before It Goes Ex-Dividend
May 27, 2023 | americanbankingnews.com
Zacks Research Equities Analysts Increase Earnings Estimates for NIKE, Inc. (NYSE:NKE)
May 26, 2023 | msn.com
$1000 Invested In Nike 10 Years Ago Would Be Worth This Much Today
May 26, 2023 | msn.com
Nike: Better Buying Opportunities Ahead
May 25, 2023 | msn.com
Nike: Margin Compression And China Are Likely To Remain Problems
May 25, 2023 | msn.com
Nike Restructures Top Ranks to Boost Innovation
May 25, 2023 | bizjournals.com
Nike's reputation climbs in recent brand survey
May 25, 2023 | msn.com
Nike: China Is Both An Opportunity And A Risk
May 25, 2023 | msn.com
Nike: A Buying Opportunity For Long-Term Investors
May 25, 2023 | seekingalpha.com
Nike: Load Up On This Gem At $85
May 25, 2023 | msn.com
Nike reshuffles responsibilities in the C-suite as it looks for breakthrough innovation
May 25, 2023 | americanbankingnews.com
NIKE (NYSE:NKE) Cut to Sell at Williams Trading
See More Headlines

NKE Price History

NKE Company Calendar

Ex-Dividend for 4/3 Dividend
3/03/2023
Last Earnings
3/21/2023
Dividend Payable
4/03/2023
Ex-Dividend for 7/5 Dividend
6/02/2023
Today
6/05/2023
Next Earnings (Confirmed)
6/29/2023
Dividend Payable
7/05/2023
Fiscal Year End
5/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Rubber & plastics footwear
Sub-Industry
Footwear
Sector
Consumer Discretionary
Current Symbol
NYSE:NKE
CUSIP
65410610
CIK
320187
Web
www.nike.com
Phone
(503) 671-6453
Fax
503-671-6300
Employees
79,100
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$134.33
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+24.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
36 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.47
Trailing P/E Ratio
31.06
Forward P/E Ratio
33.27
P/E Growth
2.55
Net Income
$6.05 billion
Net Margins
10.82%
Pretax Margin
12.50%
Return on Equity
35.98%
Return on Assets
13.75%

Debt

Debt-to-Equity Ratio
0.61
Current Ratio
2.73
Quick Ratio
1.79

Sales & Book Value

Annual Sales
$46.71 billion
Price / Sales
3.55
Cash Flow
$4.38 per share
Price / Cash Flow
24.59
Book Value
$9.73 per share
Price / Book
11.08

Miscellaneous

Outstanding Shares
1,536,990,000
Free Float
1,530,841,000
Market Cap
$165.66 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • John J. Donahoe
    President, Chief Executive Officer & Director
  • Andrew CampionAndrew Campion
    Chief Operating Officer & Executive Vice President
  • Matthew FriendMatthew Friend
    Chief Financial Officer & Executive Vice President
  • Monique S. MathesonMonique S. Matheson
    Chief Human Resources Officer & Executive VP
  • Ann M. Miller
    Chief Legal Officer & Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

36 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street 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 2023?

36 Wall Street analysts have issued twelve-month target prices for NIKE's shares. Their NKE share price forecasts range from $100.00 to $160.00. On average, they anticipate the company's share price to reach $134.33 in the next twelve months. This suggests a possible upside of 24.8% 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 2023?

NIKE's stock was trading at $117.01 at the beginning of the year. Since then, NKE stock has decreased by 8.0% and is now trading at $107.62.
View the best growth stocks for 2023 here.

Are investors shorting NIKE?

NIKE saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,570,000 shares, an increase of 24.3% from the April 30th total of 11,720,000 shares. Based on an average daily volume of 5,900,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.2% of the company's stock are short sold.
View NIKE's Short Interest.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our NKE earnings forecast.

How can I listen to NIKE's earnings call?

NIKE will be holding an earnings conference call on Thursday, June 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) posted its earnings results on Tuesday, March, 21st. The footwear maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.24. The footwear maker earned $12.40 billion during the quarter, compared to analysts' expectations of $11.48 billion. NIKE had a trailing twelve-month return on equity of 35.98% and a net margin of 10.82%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.87 earnings per share.
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, May 4th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.34 per share on Wednesday, July 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, June 2nd.
Read our dividend analysis for NKE.

What ETFs hold NIKE's stock?

ETFs with the largest weight of NIKE (NYSE:NKE) stock in their portfolio include IQ Healthy Hearts ETF (HART), Consumer Discretionary Select Sector SPDR Fund (XLY), Monarch Blue Chips Core ETF (MBCC), American CenturyFocused Dynamic Growth ETF (FDG), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Global X Millennial Consumer ETF (MILN), Daily Consumer Discretionary Bull 3X (WANT) and Vanguard Consumer Discretionary Fund (VCR).

Is NIKE a good dividend stock?

NIKE (NYSE:NKE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.26%. 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 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 34.17% 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 shares split on the morning of 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 announced that its board has authorized a share buyback plan on Monday, June 27th 2022, which permits the company to buyback $18,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 11% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership 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 variety of retail and institutional investors. Top institutional investors include State Street Corp (3.50%), Wellington Management Group LLP (2.09%), Geode Capital Management LLC (1.46%), Bank of New York Mellon Corp (1.35%), FMR LLC (1.24%) and Price T Rowe Associates Inc. MD (1.07%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Heidi O'neill, Hilary K Krane, Hilary K Krane, Johanna Nielsen, 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 $107.62.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $165.41 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.47 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
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 6/5/2023 by MarketBeat.com Staff

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