NIKE (NKE) Stock Forecast, Price & News

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NKE shares.
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36 equities research analysts have issued 12 month price targets for NIKE's shares. Their NKE share price forecasts range from $100.00 to $160.00. On average, they predict the company's share price to reach $134.33 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
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NIKE's stock was trading at $117.01 at the start of the year. Since then, NKE shares have decreased by 9.0% and is now trading at $106.52.
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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 trading volume of 5,900,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.2% of the company's stock are sold short.
View NIKE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, June 26th 2023.
View our NKE earnings forecast.

NIKE, Inc. (NYSE:NKE) issued its earnings results on Tuesday, March, 21st. The footwear maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.24. The footwear maker earned $12.40 billion during the quarter, compared to the consensus estimate of $11.48 billion. NIKE had a trailing twelve-month return on equity of 35.98% and a net margin of 10.82%. NIKE's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS.
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NIKE announced 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, June 2nd.
Read our dividend analysis for NKE.

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 ETF (VCR).

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.

NIKE shares split before market open on 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.

NIKE declared that its board has approved a share buyback program on Monday, June 27th 2022, which authorizes the company to repurchase $18,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

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.

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).

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

NIKE's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.

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.
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One share of NKE stock can currently be purchased for approximately $106.52.

NIKE (NYSE:NKE) has a market capitalization of $163.72 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.

The company employs 79,100 workers across the globe.

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.