Log in

NYSE:NKENike Stock Price, Forecast & News

$84.16
-0.47 (-0.56 %)
(As of 04/8/2020 06:00 AM ET)
Add
Compare
Today's Range
$84.03
Now: $84.16
$88.87
50-Day Range
$62.80
MA: $84.72
$103.54
52-Week Range
$60.00
Now: $84.16
$105.62
Volume10.46 million shs
Average Volume9.83 million shs
Market Capitalization$131.07 billion
P/E Ratio31.06
Dividend Yield1.16%
Beta0.82
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.
Read More
Nike logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.26 out of 5 stars


Industry, Sector and Symbol

Industry Rubber & plastics footwear
Sub-IndustryFootwear
SectorConsumer Discretionary
CUSIP65410610
Phone503-671-3173

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.12 billion
Cash Flow$3.22 per share
Book Value$5.75 per share

Profitability

Net Income$4.03 billion

Miscellaneous

Employees76,700
Outstanding Shares1,557,372,000
Market Cap$131.07 billion
Next Earnings Date6/25/2020 (Estimated)
OptionableOptionable

Receive NKE News and Ratings via Email

Sign-up to receive the latest news and ratings for NKE and its competitors with MarketBeat's FREE daily newsletter.


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 reached pandemic status according to the World Health Organization (WHO). Since then, NKE shares have increased by 0.2% and is now trading at $84.16. View which stocks have been mosted 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 Thursday, June 25th 2020. View our earnings forecast for Nike.

How were Nike's earnings last quarter?

Nike Inc (NYSE:NKE) posted its quarterly earnings results on Tuesday, March, 24th. The footwear maker reported $0.78 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.19. The footwear maker earned $10.10 billion during the quarter, compared to analyst estimates of $9.56 billion. Nike had a net margin of 10.46% and a return on equity of 51.49%. Nike's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. View Nike's earnings history.

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

Nike declared a quarterly dividend on Thursday, February 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.245 per share on Wednesday, April 1st. This represents a $0.98 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, February 28th. View Nike's dividend history.

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

Shares of Nike 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 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 initiated a share 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 buy up to 12.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

What price target have analysts set for NKE?

35 Wall Street analysts have issued 12-month price targets for Nike's stock. Their forecasts range from $75.00 to $150.00. On average, they anticipate Nike's stock price to reach $98.28 in the next year. This suggests a possible upside of 16.8% 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, "Although shares of NIKE have declined year to date, it outperformed the industry driven by its robust earnings track record. The company reported strong second-quarter fiscal 2020 results gaining from the execution of Consumer Direct Offense, and strength in Wholesale and NIKE Direct businesses. It expects brand recognition, robust innovation and positive response from Nike Direct and wholesale partners to aid results in fiscal 2020. However, analysts are concerned about the coronavirus outbreak in China and its effects on NIKE’s results. The company, in February, temporarily closed nearly half of company-owned stores in Greater China, which should hurt near term results. Moreover, concerns related to higher operating costs, tariffs and foreign currency may hurt performance in the near term." (3/11/2020)
  • 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 coverage about NKE stock has been trending very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Nike earned a news impact score of -3.3 on InfoTrie's scale. They also gave news coverage about the footwear maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutNike.

Are investors shorting Nike?

Nike saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 10,530,000 shares, an increase of 18.0% from the February 13th total of 8,920,000 shares. Based on an average daily volume of 6,980,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the shares of the stock are short sold. 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), Alibaba Group (BABA), Starbucks (SBUX), Home Depot (HD), Intel (INTC), Bank of America (BAC) and JPMorgan Chase & Co. (JPM).

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 retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), Park National Corp OH (0.02%), Bath Savings Trust Co (0.01%), Callahan Advisors LLC (0.01%), Cullinan Associates Inc. (0.01%) and Neville Rodie & Shaw Inc. (0.00%). 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 Chickasaw Capital Management LLC, Orrstown Financial Services Inc., Fulton Bank N.A., Callahan Advisors LLC, Bath Savings Trust Co, First Financial Bank Trust Division, Park National Corp OH, and WoodTrust Financial Corp. Company insiders that have sold Nike company stock in the last year include Andrew Campion, Elizabeth J Comstock, Elliott Hill, Eric D Sprunk, 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IBM Retirement Fund, Lake Street Financial LLC, Gradient Investments LLC, First American Bank, TPG Financial Advisors LLC, IMS Capital Management, and Cullinan Associates Inc.. 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 $84.16.

How big of a company is Nike?

Nike has a market capitalization of $131.07 billion and generates $39.12 billion in revenue each year. The footwear maker earns $4.03 billion in net income (profit) each year or $2.49 on an earnings per share basis. Nike employs 76,700 workers across the globe. View additional information about Nike.

What is Nike's official website?

The official website for Nike is http://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 503-671-3173 or via email at [email protected]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel