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NIKE (NKE) Stock Price, News & Analysis

$93.65
-0.48 (-0.51%)
(As of 11:46 AM ET)
Today's Range
$93.60
$94.81
50-Day Range
$92.59
$107.21
52-Week Range
$88.66
$128.68
Volume
4.23 million shs
Average Volume
9.31 million shs
Market Capitalization
$142.53 billion
P/E Ratio
27.54
Dividend Yield
1.58%
Price Target
$116.75

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
23.5% Upside
$116.52 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.02mentions of NIKE in the last 14 days
Based on 111 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.38%
From $3.70 to $4.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.76 out of 5 stars

Consumer Discretionary Sector

5th out of 274 stocks

Rubber & Plastics Footwear Industry

1st out of 4 stocks

NKE stock logo

About NIKE Stock (NYSE:NKE)

Bill Bowerman and Phil Knight founded NIKE Inc., a multinational corporation that designs, develops, markets and sells athletic footwear, apparel, equipment and accessories globally, as Blue Ribbon Sports in 1964. 

The company officially changed its name to NIKE Inc. in 1971 and operates in four segments: North America, Europe, Middle East and Africa (EMEA) and Asia Pacific and Latin America (APLA). NIKE's product portfolio includes athletic and casual footwear, apparel and accessories under the Jumpman trademark, and casual sneakers and accessories under the Converse, Chuck Taylor, All-Star, One Star, Star Chevron and Jack Purcell trademarks. The company sells performance equipment and accessories for sports activities under the NIKE brand and markets apparel with licensed collegiate and professional team league logos. NIKE licenses unaffiliated parties to manufacture and sell apparel, digital devices, applications and other equipment for sports activities under NIKE-owned trademarks.

Retail channels selling NIKE products include footwear stores, athletic specialty stores, department stores, skate, tennis and golf shops and other retail accounts. NIKE operates its retail stores and digital platforms and works with independent distributors, licensees and sales representatives to distribute Nike products worldwide. 

The company is expanding its digital presence and e-commerce capabilities, accounting for more than 24% of its total revenue in 2022 (excluding the Jordan and Converse brands). NIKE's digital platforms and apps, including the Nike App and SNKRS, allow customers to purchase products, track their fitness goals and connect with other athletes.

The company is committed to reducing its environmental impact, such as increasing the use of sustainable materials in Nike products and reducing greenhouse gas emissions in its supply chain. Additionally, NIKE has implemented a code of conduct to ensure ethical labor practices are adhered to by its suppliers and has been investing in new technologies such as 3-D printing, robotics and artificial intelligence to improve efficiency, sustainability and personalization of various product lines.

In terms of financial performance, NIKE, Inc. has a strong track record of revenue growth and profitability year over year. The company's iconic "Just Do It" campaign, launched in 1988, has been used in many advertisement campaigns and is now considered one of the most iconic slogans in advertising history. NIKE continues to feature famous athletes, celebrities and everyday people in its advertisements to showcase that anyone can achieve greatness through perseverance and hard work.

NIKE Inc. is a well-established, financially stable company with a strong brand committed to innovation, sustainability and corporate responsibility. Its diverse product offerings, growing digital presence and global reach make it a leading player in the athletic footwear, apparel and equipment industry. Nike offers investors solid financial performance with a commitment to delivering value to its shareholders.

NKE Stock Price History

NKE Stock News Headlines

Foot Locker Builds Up Another Head of Steam; Gains Imminent (NKE)
Foot Locker, whose investors often feel like they're on a non-stop rollercoaster, is again starting to rally and investors should be getting excited.
MarketBeat Week in Review – 3/18 – 3/22 (NKE)
Investors took a breather after the Fed-induced rally and before a shortened trading week that will include plenty of economic reports that could move markets
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Nike Stock and the 30% Rally That's Expected
With Nike Inc NYSE: NKE shares having been trading remarkably softer, compared to the broader equity market, in recent weeks, they needed to deliver a strong earnings report last night. At first glance, it looked like they managed to do just that.
Nike Stock and the 30% Rally That's Expected
The teams over at Goldman Sachs and UBS Group both reiterated their Buy ratings on Nike shares this morning, with new price targets that are still attractive.
Nike Stock and the 30% Rally That's Expected (NKE)
The teams over at Goldman Sachs and UBS Group both reiterated their Buy ratings on Nike shares this morning, with new price targets that are still attractive.
Lululemon Stock Implodes Post Earnings, Guidance Muted (NKE)
Even with shares set to open lower, several analysts have already come out with reiterations of the bullish outlook on Lululemon stock.
Mastering Stocks in the Dow: Insights into the DJIA (NKE)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
ON Holdings Stock Price Tumbles: Is Now The Time to Buy? (NKE)
ON Holdings had a solid quarter despite missing consensus. Analysts are defending the stock and setting it up to rebound later this year.
Nike Stock Is Where You Can Find Growth Opportunity
Uncertain stock market times tend to drive wealthy investors and the institutions that typically manage their money into safer, low-beta stocks with a good story. Today, the apparel sector could be a top recommendation at investment houses like Fisher Asset Management.
Nike Stock Is Where You Can Find Growth Opportunity (NKE)
Nike stock is the one to soon call the shots in the apparel industry. The writing is on the wall for Wall Street analysts to keep boosting the stock
7 Dow Stocks to Buy on the Dip: March 2024
3 Dow Stocks to Buy at a 52-Week Low in March
NIKE (NYSE:NKE) Price Target Lowered to $114.00 at Barclays
Hold Rating on Nike Amid Digital Growth and Market Challenges
Smart Money Is Betting Big In NKE Options
Nike Post Earnings: Stay With The Brand
NIKE, Inc. (NYSE:NKE) Q3 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/01/2023
Dividend Payable
1/02/2024
Ex-Dividend for 4/1 Dividend
3/01/2024
Last Earnings
3/21/2024
Today
3/28/2024
Dividend Payable
4/01/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/04/2024

Industry, Sector and Symbol

Industry
Rubber & plastics footwear
Sub-Industry
Footwear
CUSIP
65410610
Employees
83,700
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$116.52
High Stock Price Target
$135.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+24.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
31 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
12.06%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.92 per share
Book Value
$9.35 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$142.71 billion
Optionable
Optionable
Beta
1.10

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Should I Buy NIKE Stock? NKE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of NIKE was last updated on Wednesday, March 27, 2024 at 10:49 PM.

Pros

Here are some ways that investors could benefit from investing in NIKE, Inc.:

  • NIKE, Inc. has a strong global presence and brand recognition, which can lead to consistent revenue streams and market stability.
  • The company continuously innovates in athletic footwear, apparel, and accessories, staying ahead of trends and maintaining consumer interest.
  • NIKE's diverse product portfolio, including popular lines like Jumpman and Converse, caters to a wide range of consumer preferences and demographics.
  • Recent positive financial performance and growth trends indicate a promising outlook for the company's stock price.
  • NIKE's strategic marketing partnerships and sponsorships with sports teams and athletes enhance brand visibility and customer loyalty.

Cons

Investors should be bearish about investing in NIKE, Inc. for these reasons:

  • Market competition in the athletic footwear and apparel industry is intense, leading to potential pricing pressures and margin challenges for NIKE.
  • Economic downturns or global events can impact consumer spending on non-essential items like athletic apparel, affecting NIKE's sales and profitability.
  • Supply chain disruptions or manufacturing issues could hinder product availability and distribution, impacting sales and customer satisfaction.
  • Fluctuations in raw material prices, currency exchange rates, and geopolitical factors can affect NIKE's production costs and profitability.
  • Changes in consumer preferences or fashion trends may require NIKE to adapt quickly, risking potential inventory write-offs or product obsolescence.

NKE Stock Analysis - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 10 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NKE shares.
View NKE analyst ratings
or view top-rated stocks.

What is NIKE's stock price target for 2024?

31 equities research analysts have issued 12-month price targets for NIKE's stock. Their NKE share price targets range from $85.00 to $135.00. On average, they anticipate the company's share price to reach $116.52 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for NKE
or view top-rated stocks among Wall Street analysts.

How have NKE shares performed in 2024?

NIKE's stock was trading at $108.57 at the start of the year. Since then, NKE stock has decreased by 13.1% and is now trading at $94.36.
View the best growth stocks for 2024 here
.

When is NIKE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) posted its earnings results on Thursday, March, 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The footwear maker had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $12.28 billion. NIKE had a trailing twelve-month return on equity of 39.41% and a net margin of 10.14%.
Read the conference call transcript
.

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

NIKE announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Monday, March 4th will be given a dividend of $0.37 per share on Monday, April 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for NKE
.

Is NIKE a good dividend stock?

NIKE (NYSE:NKE) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 36.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

When did NIKE's stock split?

Shares of NIKE split on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly created 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.

How will NIKE's stock buyback program work?

NIKE announced that its board has authorized a share buyback plan on Monday, June 27th 2022, which allows the company to buyback $18,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 11% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

What guidance has NIKE issued on next quarter's earnings?

NIKE updated its FY 2024 earnings guidance on Friday, March, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $51.7 billion-$51.7 billion, compared to the consensus revenue estimate of $47.7 billion.

What is John Donahoe's approval rating as NIKE's CEO?

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.

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), Home Depot (HD), Starbucks (SBUX), Intel (INTC), Johnson & Johnson (JNJ) and Tesla (TSLA).

Who are NIKE's major shareholders?

NIKE's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.20%), Capital International Investors (1.81%), Wellington Management Group LLP (1.48%), Price T Rowe Associates Inc. MD (1.13%), Northern Trust Corp (0.99%) and Norges Bank (0.80%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Heidi O'neill, Hilary K Krane, Hilary K Krane, Johanna Nielsen, 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 Robert Holmes Swan.
View institutional ownership trends
.

How do I buy shares of NIKE?

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

Does NIKE have any subsidiaries?
The following companies are subsidiares of NIKE: Celect, Cole Haan, Converse, Datalogue, Hurley, Invertex Ltd., NIKE European Operations Netherlands B.V., NIKE Retail Services Inc., NIKE Sports Co. Ltd., NIKE USA Inc., RTFKT, TraceMe, Umbro, Virgin Mega USA, and Zodiac Inc..
Read More
This page (NYSE:NKE) was last updated on 3/28/2024 by MarketBeat.com Staff

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