NIKE - NKE Stock Forecast, Price & News

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 12 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NKE shares.
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32 analysts have issued twelve-month price targets for NIKE's stock. Their NKE share price forecasts range from $83.00 to $176.00. On average, they anticipate the company's share price to reach $115.25 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
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NIKE's stock was trading at $166.67 at the beginning of the year. Since then, NKE stock has decreased by 37.0% and is now trading at $105.06.
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NIKE saw a increase in short interest in October. As of October 15th, there was short interest totaling 18,040,000 shares, an increase of 12.5% from the September 30th total of 16,040,000 shares. Based on an average trading volume of 8,230,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 19th 2022.
View our NKE earnings forecast.

NIKE, Inc. (NYSE:NKE) issued its earnings results on Thursday, September, 29th. The footwear maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The footwear maker earned $12.70 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a trailing twelve-month return on equity of 37.08% and a net margin of 11.96%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS.
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NIKE announced a quarterly dividend on Tuesday, November 15th. Shareholders of record on Monday, December 5th will be given a dividend of $0.34 per share on Wednesday, December 28th. This represents a $1.36 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, December 2nd. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for NKE.

NIKE (NYSE:NKE) pays an annual dividend of $1.22 per share and currently has a dividend yield of 1.15%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 32.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

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 distributed 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.

NIKE declared that its Board of Directors has initiated a share buyback program on Monday, June 27th 2022, which allows the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 11% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.92%), BlackRock Inc. (5.70%), State Street Corp (3.52%), Bank of New York Mellon Corp (1.43%), Alliancebernstein L.P. (1.43%) and Price T Rowe Associates Inc. MD (1.03%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Elliott Hill, Heidi O'neill, Hilary K Krane, Hilary K Krane, John F Slusher, 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.
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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 $105.06.

NIKE (NYSE:NKE) has a market capitalization of $164.79 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.53 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.