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NIKE - NKE Stock Forecast, Price & News

$126.77
-0.56 (-0.44%)
(As of 02/1/2023 11:12 AM ET)
Add
Compare
Today's Range
$126.22
$127.90
50-Day Range
$103.05
$128.85
52-Week Range
$82.22
$149.46
Volume
1.49 million shs
Average Volume
6.50 million shs
Market Capitalization
$196.56 billion
P/E Ratio
35.71
Dividend Yield
1.08%
Price Target
$129.18

NIKE MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
1.4% Upside
$129.18 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.05mentions of NIKE in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.28 M Sold Last Quarter
Proj. Earnings Growth
24.12%
From $3.11 to $3.86 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Consumer Discretionary Sector

67th out of 277 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks


NKE stock logo

About NIKE (NYSE:NKE) Stock

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate. The North America, Europe, Middle East & Africa, Greater China, and Asia Pacific & Latin America segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represent its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight on January 25, 1964, and is headquartered in Beaverton, OR.

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NKE Stock News Headlines

Analysts Like The Fit Of Skechers USA (NKE)
Skechers is riding high on a wave of analyst's sentiment that could crest with the Q4 report and bring this stock in for a new high.
Nordstrom Puts Fear Of Markdowns Into Retail Sector (NKE)
Nordstrom cut its guidance and shares are imploding, it this is a trend in retail the entire complex will move lower and drag on the S&P 500 too.
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
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
MarketBeat: Week in Review 01/09-01/13 (NKE)
Markets are looking for direction in early trading before a holiday weekend. Here are some of the popular stories MarketBeat analysts were covering this week.
Skechers Not Nike Is The Sneaker Stock to Own for 2023 (NKE)
A tech-driven focus on comfort, omnichannel growth, international expansion and a low P/E are all good reasons to step into Skechers stock.
Nike, FedEx: Analysts Ring In The New Year With These 2 Winners (NKE)
Nike and FedEx get a boost even before trading begins in 2023. The analysts are raising their price targets and have these markets ready to bottom
Can Amazon Lead Consumer Stocks To A Big Rally In 2023? (NKE)
Is 2023 the year when the consumer discretionary sector, will come roaring back, led by expected earnings growth in Amazon?
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
MarketBeat: Week in Review 12/19 – 12/23 (NKE)
Economic data is making investors say Bah Humbug! While you're celebrating this holiday weekend here are some of the top stories from MarketBeat analysts
Wedbush Weighs in on NIKE, Inc.'s FY2023 Earnings (NYSE:NKE)
Nike (NKE) Stock Moves -0.91%: What You Should Know
NIKE (NYSE:NKE) Shares Gap Down to $128.29
Is Nike Stock Still a Buy in 2023 After Rebounding 57%?
Should You Invest in NIKE (NKE)?
Looking for a Winning Dividend Grower? Buy Nike Stock
Nike Stock In 2023: Bull vs. Bear
Is NIKE (NKE) Showing Signs of Market Recovery?
See More Headlines
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NKE Company Calendar

Ex-Dividend for 12/28 Dividend
12/02/2022
Last Earnings
12/20/2022
Dividend Payable
12/28/2022
Today
2/01/2023
Next Earnings (Estimated)
3/20/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
Footwear
CUSIP
65410610
Employees
79,100
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$129.18
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
31 Analysts

Profitability

Net Income
$6.05 billion
Pretax Margin
13.28%

Debt

Sales & Book Value

Annual Sales
$46.71 billion
Cash Flow
$4.40 per share
Book Value
$9.85 per share

Miscellaneous

Outstanding Shares
1,550,560,000
Free Float
1,544,361,000
Market Cap
$196.56 billion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • John J. DonahoeJohn 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













NKE Stock - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 11 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?

31 Wall Street research analysts have issued 12 month target prices for NIKE's shares. Their NKE share price forecasts range from $93.00 to $176.00. On average, they expect the company's stock price to reach $129.18 in the next twelve months. This suggests a possible upside of 1.5% 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 2023. Since then, NKE stock has increased by 8.8% and is now trading at $127.33.
View the best growth stocks for 2023 here
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 20th 2023.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) posted its quarterly earnings data on Tuesday, December, 20th. The footwear maker reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.20. The footwear maker earned $13.32 billion during the quarter, compared to analysts' expectations of $12.61 billion. NIKE had a trailing twelve-month return on equity of 36.83% and a net margin of 11.47%.

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

NIKE declared a quarterly dividend on Tuesday, November 15th. Investors of record on Monday, December 5th will be paid a dividend of $0.34 per share on Wednesday, December 28th. This represents a $1.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 2nd. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for NKE
.

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 1.08%. 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 38.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 35.23% 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?

Shares of NIKE 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 issued to shareholders after the market closes 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 declared that its board has authorized a share repurchase program on Monday, June 27th 2022, which allows the company to buyback $18,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management 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 Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.16%), Bank Julius Baer & Co. Ltd Zurich (0.12%), Coho Partners Ltd. (0.09%), New York State Teachers Retirement System (0.09%) and Everett Harris & Co. CA (0.07%). 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, 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 $127.33.

How much money does NIKE make?

NIKE (NYSE:NKE) has a market capitalization of $197.43 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.55 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 2/1/2023 by MarketBeat.com Staff