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NYSE:NKENike Stock Price, Forecast & News

$95.95
-0.51 (-0.53 %)
(As of 07/14/2020 09:57 AM ET)
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Compare
Today's Range
$95.52
Now: $95.95▼
$96.74
50-Day Range
$93.67
MA: $98.46▼
$104.29
52-Week Range
$60.00
Now: $95.95▼
$105.62
Volume538,829 shs
Average Volume7.41 million shs
Market Capitalization$149.21 billion
P/E Ratio60.73
Dividend Yield1.00%
Beta0.8
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories, 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; casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. Further, 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. NIKE, Inc. 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.
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Nike logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.05 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Rubber & plastics footwear
Sub-IndustryFootwear
SectorConsumer Discretionary
Current SymbolNYSE:NKE
Previous Symbol
CUSIP65410610
CIK320187
Webwww.nike.com
Phone503-671-6453

Debt

Debt-to-Equity Ratio1.53
Current Ratio2.48
Quick Ratio1.59

Price-To-Earnings

Trailing P/E Ratio60.73
Forward P/E Ratio43.03
P/E Growth2.69

Sales & Book Value

Annual Sales$37.40 billion
Price / Sales3.99
Cash Flow$2.96 per share
Price / Cash Flow32.43
Book Value$5.18 per share
Price / Book18.52

Profitability

EPS (Most Recent Fiscal Year)$1.85
Net Income$2.54 billion
Net Margins6.79%
Return on Equity32.95%
Return on Assets10.64%

Miscellaneous

Employees76,700
Outstanding Shares1,555,030,000
Market Cap$149.21 billion
Next Earnings Date9/22/2020 (Estimated)
OptionableOptionable
NKE Rates by TradingView

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Nike (NYSE:NKE) Frequently Asked Questions

How has Nike's stock been impacted by COVID-19 (Coronavirus)?

Nike's stock was trading at $84.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NKE stock has increased by 14.2% and is now trading at $95.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nike?

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nike in the last year. There are currently 3 sell ratings, 5 hold ratings and 27 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nike.

When is Nike's next earnings date?

Nike is scheduled to release its next quarterly earnings announcement on Tuesday, September 22nd 2020. View our earnings forecast for Nike.

How were Nike's earnings last quarter?

Nike Inc (NYSE:NKE) announced its quarterly earnings results on Thursday, June, 25th. The footwear maker reported ($0.51) EPS for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.53. The footwear maker had revenue of $6.31 billion for the quarter, compared to analyst estimates of $7.26 billion. Nike had a return on equity of 32.95% and a net margin of 6.79%. Nike's revenue for the quarter was down 38.0% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. View Nike's earnings history.

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

Nike announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.245 per share on Wednesday, July 1st. This represents a $0.98 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 29th. View Nike's dividend history.

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

Nike shares split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly minted shares were payable to shareholders after the closing bell 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.

What price target have analysts set for NKE?

35 brokers have issued 12 month price targets for Nike's stock. Their forecasts range from $82.00 to $150.00. On average, they anticipate Nike's stock price to reach $109.04 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View analysts' price targets for Nike.

What are Wall Street analysts saying about Nike stock?

Here are some recent quotes from research analysts about Nike stock:
  • 1. According to Zacks Investment Research, "Shares of NIKE have outpaced the industry in the past year, despite the recent impacts of the COVID-19 outbreak on the market. Notably, the company retained its positive earnings track record, with earnings and sales beat in third-quarter fiscal 2020. The NIKE Direct business displayed strength backed by more than 30% digital revenue growth across all geographies and Converse. Notably, the use of its digital ecosystem as a key playbook to combat the COVID-19 crisis, has been receiving applause. Nevertheless, the effects of store closures in China due to outbreak hurt Greater China’s revenues in third-quarter fiscal 2020. This resulted in lower sales mix in Greater China, which is its high margin geography, causing gross margin decline in the quarter. Further, the company expects soft results in the fiscal fourth quarter due to store closures." (6/24/2020)
  • 2. Pivotal Research analysts commented, "We expect another solid quarter, in line with the company’s guidance. With NKE, there are always several factors to consider. There is the global macro, including trade, FX, GDP growth, etc. There are the company-specific strategies, including innovation, direct, speed, etc. All of this is important, and we don’t mean to discount any of it. But, for us, the main lens with which we evaluate NKE is market share. In short, we believe NKE is taking share and expect this to continue, and this is the main reason for our bullishness. At the premium end of the spectrum, two of NKE’s biggest franchises, Max, are two of the strongest performing franchises in the market today, and the company has done well to layer on new programs such as the portfolio." (9/19/2019)
  • 3. Guggenheim analysts commented, "We expect China to be a major focus for management, both in regards to the current trade tensions and consumer demand in the region. NKE remains a global company, with a diverse sourcing, manufacturing, and selling footprint. While China remains a significant portion of the company’s manufacturing base and we expect the region to account for ~18% of Nike brand revenue in FY20E, we believe NKE is one the best positioned companies to navigate the current environment. Over the years, NKE has invested in and fostered a strong relationship with both the Chinese consumer and government, demonstrated by the robust growth over the past three years (added +$2.4bn in top line from FY16-FY19). While concerns are warranted given the size and the scope, we remain confident in NKE/management’s ability to drive continued outperformance." (9/19/2019)

Has Nike been receiving favorable news coverage?

News articles about NKE stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nike earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned press coverage about the footwear maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Nike.

Are investors shorting Nike?

Nike saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 10,210,000 shares, a decline of 14.2% from the June 15th total of 11,900,000 shares. Based on an average daily volume of 8,100,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the company's stock are sold short. View Nike's Current Options Chain.

Who are some of Nike's key competitors?

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), Starbucks (SBUX), Alibaba Group (BABA), Intel (INTC), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

Who are Nike's key executives?

Nike's management team includes the following people:
  • Mr. Mark G. Parker, Chairman, Pres & CEO (Age 63)
  • Mr. Andrew Campion, Exec. VP & CFO (Age 47)
  • Mr. Eric D. Sprunk, Chief Operating Officer (Age 55)
  • Ms. Hilary K. Krane, Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 55)
  • Mr. John F. Slusher, Exec. VP of Global Sports Marketing (Age 50)

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 institutional and retail investors. Top institutional shareholders include WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.14%), Envestnet Asset Management Inc. (0.12%), DNB Asset Management AS (0.03%), Whittier Trust Co. (0.03%), Factory Mutual Insurance Co. (0.03%) and Gofen & Glossberg LLC IL (0.02%). Company insiders that own Nike stock include Andrew Campion, Elizabeth J Comstock, Elliott Hill, Eric D Sprunk, Hilary K Krane, John C Lechleiter, John F Slusher, John W Rogers Jr, Johnathan A Rodgers, Mark G Parker, Monique S Matheson and Peter B Henry. View institutional ownership trends for Nike.

Which institutional investors are selling Nike stock?

NKE stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, MERIAN GLOBAL INVESTORS UK Ltd, State of Alaska Department of Revenue, 6 Meridian, IFM Investors Pty Ltd, Gradient Investments LLC, Polaris Greystone Financial Group LLC, and Park National Corp OH. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Elliott Hill, Hilary K Krane, John C Lechleiter, John F Slusher, Mark G Parker, Monique S Matheson, and Peter B Henry. View insider buying and selling activity for Nike.

Which institutional investors are buying Nike stock?

NKE stock was acquired by a variety of institutional investors in the last quarter, including WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, Envestnet Asset Management Inc., Canandaigua National Corp, Marshall & Sullivan Inc. WA, Chemung Canal Trust Co., DNB Asset Management AS, Whittier Trust Co., and Platte River Wealth Advisors LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Nike's stock price today?

One share of NKE stock can currently be purchased for approximately $95.95.

How big of a company is Nike?

Nike has a market capitalization of $149.21 billion and generates $37.40 billion in revenue each year. The footwear maker earns $2.54 billion in net income (profit) each year or $1.85 on an earnings per share basis. Nike employs 76,700 workers across the globe.

What is Nike's official website?

The official website for Nike is www.nike.com.

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 503-671-6453 or via email at [email protected]

This page was last updated on 7/14/2020 by MarketBeat.com Staff
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