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NYSE:NKE - Nike Stock Price, Price Target & More

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$76.81 -0.14 (-0.18 %)
(As of 07/20/2018 02:19 PM ET)
Previous Close$76.31
Today's Range$76.19 - $77.00
52-Week Range$50.35 - $81.00
Volume213,016 shs
Average Volume7.37 million shs
Market Capitalization$124.61 billion
P/E Ratio31.80
Dividend Yield1.04%
Beta0.67
Nike logoNIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf. The company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities. In addition, it sells sports apparel; and markets apparel with licensed college and professional team and league logos. Further, the company sells a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment under the NIKE brand for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; action sports and youth lifestyle apparel and accessories under the Hurley trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, it licenses agreements that permit 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 and Internet Websites, mobile applications, independent distributors, and licensees. 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Rubber & plastics footwear
Sub-IndustryFootwear
SectorConsumer Discretionary
SymbolNYSE:NKE
CUSIP65410610
Webwww.nike.com
Phone503-671-3173

Debt

Debt-to-Equity Ratio0.35
Current Ratio2.51
Quick Ratio1.63

Price-To-Earnings

Trailing P/E Ratio31.80
Forward P/E Ratio29.43
P/E Growth2.57

Sales & Book Value

Annual Sales$36.40 billion
Price / Sales3.43
Cash Flow$3.0252 per share
Price / Cash25.39
Book Value$6.03 per share
Price / Book12.74

Profitability

EPS (Most Recent Fiscal Year)$2.42
Net Income$1.93 billion
Net Margins5.31%
Return on Equity36.57%
Return on Assets17.08%

Miscellaneous

Employees74,400
Outstanding Shares1,626,940,000
Market Cap$124,607.25

Nike (NYSE:NKE) Frequently Asked Questions

What is Nike's stock symbol?

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

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

Nike declared a quarterly dividend on Thursday, May 10th. Shareholders of record on Monday, June 4th will be given a dividend of $0.20 per share on Thursday, July 5th. This represents a $0.80 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, June 1st. View Nike's Dividend History.

When did Nike's stock split? How did Nike's stock split work?

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 minted shares were distributed to shareholders after the market closes on Wednesday, December 23rd 2015. An investor that had 100 shares of Nike 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 approved a stock repurchase program on Thursday, June 28th 2018, which permits the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 12.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Nike's earnings last quarter?

Nike Inc (NYSE:NKE) posted its quarterly earnings data on Thursday, June, 28th. The footwear maker reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.64 by $0.05. The footwear maker earned $9.79 billion during the quarter, compared to the consensus estimate of $9.40 billion. Nike had a return on equity of 36.57% and a net margin of 5.31%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. View Nike's Earnings History.

When is Nike's next earnings date?

Nike is scheduled to release their next quarterly earnings announcement on Monday, September, 24th 2018. View Earnings Estimates for Nike.

What price target have analysts set for NKE?

39 brokers have issued 1 year price objectives for Nike's shares. Their forecasts range from $42.00 to $90.00. On average, they expect Nike's share price to reach $76.8959 in the next year. This suggests that the stock has a possible downside of 0.1%. View Analyst Ratings for Nike.

What is the consensus analysts' recommendation for Nike?

39 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nike in the last year. There are currently 2 sell ratings, 15 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about Nike stock?

Here are some recent quotes from research analysts about Nike stock:
  • 1. Pivotal Research analysts commented, "We also expect NKE to reiterate its FY19 guidance. While a trade war, especially with NKE’s sales) poses some risk, we believe NKE is poised to continue taking market share around the globe in FY19. In short, we have a positive bias towards NKE, but we’re hesitant to be too constructive on the shares at a P/E of 27x; hence our HOLD rating." (6/26/2018)
  • 2. According to Zacks Investment Research, "NIKE surpassed the industry year to date driven by strength in international business and the global NIKE Direct business which has been aiding its quarterly performance. Notably, the company delivered top- and bottom-line beat in third-quarter fiscal 2018 which also marked the 23rd straight earnings beat. Quarterly results reflected significant progress on the Consumer Direct Offense, positioning it for strong profitable growth in the future. Further, it closed the third quarter with expectations of a trend reversal in its North America business in the fourth quarter, backed by the introduction of new innovation platforms and differentiated customer experiences in the marketplace. Consequently, it provided robust guidance for fourth-quarter fiscal 2018 and initial view for fiscal 2019. However, its higher SG&A expenses are likely to continue hurting results in the fourth quarter. Estimates have been stable ahead of fourth quarter earnings." (6/21/2018)
  • 3. Guggenheim analysts commented, "We raise our PT to $78 from $70 to reflect 1) our continued confidence on Nike’s innovation pipeline impact on revenue acceleration, 2) continued GM improvement, and 3) continued strength in International combined with an expected inflection in NA revenue. Total revenue beat our expectations in 3Q, driven by a 19% increase in reported Int’l revenue, an acceleration from 2Q (+14%). Total Nike, Inc. revenue grew 7% (+3% in cc) to $9.0bn, $173mn above our estimate. EMEA (+19% reported; +9% in CC), Greater China (+24% reported; +19% in CC), and APLA (+13% reported; +11% in CC) revenue all were better than expected as NKE continues to display strong Int’l growth, showcasing the power of NKE’s Consumer Direct Offense. In particular, we highlight the strength in China and note favorable macro trends including acceleration in consumer spending/sports participation. Nike Basketball was strong in 3Q growing +DD in Footwear/Apparel across geographies." (3/23/2018)
  • 4. FBR & Co analysts commented, "We attended Nike’s Analyst Day in Beaverton, OR on October 25, 2017 where Nike showcased several new products/innovations and elaborated on their Consumer Direct Offense and Triple Double strategies and introduced its new membership program NikePlus. Management expects these initiatives to drive +HSD topline and +MT EPS growth over the next 5 years, reaching $50B in sales in 5 years (pushed out 1 year from LY). We were impressed with Nike’s new NikePlus program, focus on digital, how it is transforming its supply chain and getting product to consumers, and some of the new innovation/product. However, we believe the NA athletic environment will remain difficult for the next 1-2 years which will be a headwind for NKE near term, and would look to get more constructive on NKE at a lower valuation or evidence that NKE can overcome these headwinds near term. We also believe NKE’s scale, superior supply chain, innovation pipeline, digital/DTC focus, and sponsorship roster will make it difficult for smaller athletic players (i.e." (10/27/2017)

Are investors shorting Nike?

Nike saw a decline in short interest during the month of June. As of June 29th, there was short interest totalling 16,273,422 shares, a decline of 25.5% from the June 15th total of 21,850,737 shares. Based on an average trading volume of 9,594,440 shares, the short-interest ratio is currently 1.7 days. Currently, 1.3% of the company's stock are short sold. View Nike's Current Options Chain.

Who are some of Nike's key competitors?

Who are Nike's key executives?

Nike's management team includes the folowing people:
  • Mr. Mark G. Parker, Chairman, Pres & CEO (Age 62)
  • Mr. Andrew Campion, Exec. VP & CFO (Age 46)
  • Mr. Eric D. Sprunk, Chief Operating Officer (Age 54)
  • Mr. Michael Spillane, Pres of Categories & Product (Age 58)
  • Mr. Trevor A. Edwards, Advisor (Age 55)

Has Nike been receiving favorable news coverage?

Media coverage about NKE stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nike earned a daily sentiment score of 0.10 on Accern's scale. They also assigned news stories about the footwear maker an impact score of 44.60 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are Nike's major shareholders?

Nike's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Alecta Pensionsforsakring Omsesidigt (0.18%), Jensen Investment Management Inc. (0.18%), Retirement Systems of Alabama (0.06%), Saratoga Research & Investment Management (0.05%), DnB Asset Management AS (0.05%) and DAVENPORT & Co LLC (0.04%). Company insiders that own Nike stock include Andrew Campion, David J Ayre, Eric D Sprunk, Hilary K Krane, John C Lechleiter, John F Slusher, John R Thompson Jr, Johnathan A Rodgers, Mark G Parker, Monique S Matheson and Trevor A Edwards. View Institutional Ownership Trends for Nike.

Which major investors are selling Nike stock?

NKE stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Jensen Investment Management Inc., Factory Mutual Insurance Co., Assenagon Asset Management S.A., Whittier Trust Co., NN Investment Partners Holdings N.V., Reilly Financial Advisors LLC and Hartford Investment Management Co.. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Eric D Sprunk, Hilary K Krane, John F Slusher, Johnathan A Rodgers, Mark G Parker and Monique S Matheson. View Insider Buying and Selling for Nike.

Which major investors are buying Nike stock?

NKE stock was bought by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Addenda Capital Inc., Westpac Banking Corp, Calamos Advisors LLC, State of Alaska Department of Revenue, TB Alternative Assets Ltd., Bremer Trust National Association and IFM Investors Pty Ltd. View Insider Buying and Selling for Nike.

How do I buy shares of Nike?

Shares of NKE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nike's stock price today?

One share of NKE stock can currently be purchased for approximately $76.95.

How big of a company is Nike?

Nike has a market capitalization of $124.61 billion and generates $36.40 billion in revenue each year. The footwear maker earns $1.93 billion in net income (profit) each year or $2.42 on an earnings per share basis. Nike employs 74,400 workers across the globe.

How can I contact Nike?

Nike's mailing address is ONE BOWERMAN DRIVE, BEAVERTON OR, 97005. The footwear maker can be reached via phone at 503-671-3173 or via email at [email protected]


MarketBeat Community Rating for Nike (NYSE NKE)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,731 (Vote Outperform)
Underperform Votes:  1,162 (Vote Underperform)
Total Votes:  2,893
MarketBeat's community ratings are surveys of what our community members think about Nike and other stocks. Vote "Outperform" if you believe NKE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NKE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/20/2018 by MarketBeat.com Staff

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