NIKE - NKE Stock Forecast, Price & News

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 Trading Up 0.2 %

NIKE stock opened at $116.32 on Tuesday. The firm's 50-day moving average is $109.66 and its 200-day moving average is $121.87. 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 1 year low of $99.53 and a 1 year high of $179.10. The company has a market cap of $182.45 billion, a P/E ratio of 30.94, a PEG ratio of 2.45 and a beta of 1.02.

NIKE (NYSE:NKE - Get Rating) last posted its quarterly earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.09. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.10 billion. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, equities analysts expect that NIKE will post 3.8 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be given a $0.305 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.22 annualized dividend and a yield of 1.05%. NIKE's dividend payout ratio is presently 32.45%.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. Guggenheim decreased their price objective on shares of NIKE from $160.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, June 28th. Telsey Advisory Group reduced their price target on shares of NIKE from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Tuesday, June 28th. Stifel Nicolaus reduced their price target on shares of NIKE from $135.00 to $130.00 in a research report on Wednesday, July 20th. Jefferies Financial Group set a $155.00 price target on shares of NIKE in a research report on Tuesday, June 28th. Finally, Morgan Stanley dropped their price objective on shares of NIKE from $159.00 to $149.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.46.

Insider Activity at NIKE

In related news, CFO Matthew Friend sold 4,139 shares of NIKE stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the chief financial officer now directly owns 56,539 shares in the company, valued at approximately $6,412,653.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NIKE news, COO Andrew Campion sold 14,203 shares of the firm's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the transaction, the chief operating officer now owns 73,795 shares of the company's stock, valued at approximately $8,900,414.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew Friend sold 4,139 shares of the firm's stock in a transaction dated 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 directly 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 a total of 82,796 shares of company stock worth $9,085,334 in the last ninety days. 0.40% of the stock is owned by insiders.