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Nike (NKE)
NYSE:NKE
Nike (NKE) Stock Price & Analysis
16,876 Followers
NKE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$74.29 - $122.47
Previous Close$76.83
Volume26.18M
Average Volume (3M)11.70M
Market Cap
$115.97B
Enterprise Value$117.50B
Total Cash (Recent Filing)$10.57B
Total Debt (Recent Filing)$12.10B
Price to Earnings (P/E)20.6
Beta1.14
Next Earnings
Sep 24, 2024EPS Estimate
$0.56Last Dividend Ex-Date
Jun 03, 2024Dividend Yield1.88%
Share Statistics
EPS (TTM)3.73
Shares Outstanding1,509,358,807
10 Day Avg. Volume8,693,750
30 Day Avg. Volume11,698,158
Standard Deviation0.09
R-Squared0.42
Alpha-0.00494
Financial Highlights & Ratios
Price to Book (P/B)10.69
Price to Sales (P/S)9.18
Price to Cash Flow (P/CF)17.80
P/FCF Ratio19.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.03
Enterprise Value/Gross Profit5.27
Enterprise Value/Ebitda21.19
Forecast
1Y Price Target
$93.12Price Target Upside22.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering32
Nike News
PremiumStock Analysis & Ideas
Nike Stock (NYSE:NKE): Turning a Corner with a Return to Wholesale
Bulls Say, Bears Say
Bulls Say
Financial PerformanceROIC for the current year is estimated at 20%.
Innovation And Product LaunchesOlympics-related product launches, a big Marketing push, Nike product appearing in Specialty Running stores, a November Investor Day, and retailer feedback on 2025 order books are all opportunities for Mgmt to prove that the multi-year innovation cycle is working.
Wholesale GrowthReturn to wholesale growth is a positive. Should the company’s significant investment in newness and innovation result in wholesale restocking, the wholesale segment could potentially offset revenue declines in Direct.
Bears Say
Market ConditionsChina is weak and the global macro picture remains choppy.
Sales PerformanceSales were below expectations and the provided guidance.
Strategic UncertaintyNike’s strategy continues to increase in uncertainty as the company embarks on three large-scale efforts to reset the business.
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Ownership Overview
1.73% Insiders
23.41% Mutual Funds
20.33% Other Institutional Investors
54.53% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Nike
Desktop Users
Mobile Users
NKE FAQ
What was Nike’s price range in the past 12 months?
Nike lowest stock price was $74.29 and its highest was $122.47 in the past 12 months.
What is Nike’s market cap?
Currently, no data Available
When is Nike’s upcoming earnings report date?
Nike’s upcoming earnings report date is Sep 24, 2024 which is in 83 days.
How were Nike’s earnings last quarter?
Nike released its earnings results on Jun 27, 2024. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.838 by $0.172.
Is Nike overvalued?
According to Wall Street analysts Nike’s price is currently Undervalued.
Does Nike pay dividends?
Nike pays a Quarterly dividend of $0.37 which represents an annual dividend yield of 1.88%. See more information on Nike dividends here
What is Nike’s EPS estimate?
Nike’s EPS estimate is $0.56.
How many shares outstanding does Nike have?
Nike has 1,211,461,500 shares outstanding.
What happened to Nike’s price movement after its last earnings report?
Nike reported an EPS of $1.01 in its last earnings report, beating expectations of $0.838. Following the earnings report the stock price went down -19.981%.
Which hedge fund is a major shareholder of Nike?
Among the largest hedge funds holding Nike’s share is Fisher Asset Management LLC. It holds Nike’s shares valued at 954M.
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Nike Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$93.12 (22.46% Upside)
$93.12 (22.46% Upside)
Blogger Sentiment
Bullish
NKE Sentiment 78%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 6.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 8.4%
Last 30 Days ▲ 9.4%
Last 30 Days ▲ 9.4%
News Sentiment
Very Bearish
Bullish news 15%
Bearish news 85%
Bearish news 85%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.39%
12-Months-Change
Fundamentals
Return on Equity
40.09%
Trailing 12-Months
Asset Growth
1.54%
Trailing 12-Months
Company Description
Nike
NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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NKE Earnings Call
Q4 2024
0:00 / 0:00
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NKE Revenue Breakdown
64.70% Footwear
27.03% Apparel
4.74% Converse
3.37% Equipment
0.11% Other
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NKE Stock 12 Month Forecast
Average Price Target
$93.12
▲(22.46% Upside)
Technical Analysis
Best Analysts Covering NKE
1 Year
1 Year Success Rate
19/23 ratings generated profit
1 Year Average Return
+26.01%
reiterated a sell rating 6 days ago
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