S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

NIKE (NKE) Stock Price, News & Analysis

$94.15
+1.57 (+1.70%)
(As of 03/27/2024 ET)
Today's Range
$92.33
$94.15
50-Day Range
$92.59
$107.21
52-Week Range
$88.66
$128.68
Volume
11.09 million shs
Average Volume
9.40 million shs
Market Capitalization
$143.29 billion
P/E Ratio
27.69
Dividend Yield
1.57%
Price Target
$116.75

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
24.0% Upside
$116.75 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 117 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.68%
From $3.65 to $4.04 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.

4.86 out of 5 stars

Consumer Cyclical Sector

1st out of 22 stocks

Footwear & Accessories Industry

1st out of 1 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

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
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.
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
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.
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.
The Small Biotech with a BIG Cancer Solution
There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
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
3/27/2024
Dividend Payable
4/01/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/04/2024

Industry, Sector and Symbol

Industry
Footwear & Accessories
Sub-Industry
Footwear
CUSIP
65410610
Employees
83,700
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$116.75
High Stock Price Target
$135.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+24.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
32 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
12.06%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.89 per share
Book Value
$9.35 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$143.29 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 Sunday, March 24, 2024 at 2:57 PM.

Pros

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

  • NIKE, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's innovative product lines, such as the latest Nike Air Zoom running shoes, have been well-received by consumers, driving sales and market share.
  • NIKE's strong brand presence and marketing strategies have helped maintain customer loyalty and attract new customers, contributing to sustained profitability.
  • With a current stock price that reflects positive market sentiment and growth potential, investing in NIKE, Inc. offers a promising opportunity for capital appreciation.
  • The company's focus on sustainability and social responsibility initiatives align with evolving consumer preferences, enhancing its reputation and long-term viability in the market.

Cons

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

  • Despite strong revenue growth, NIKE faces intense competition in the athletic footwear and apparel industry, which could impact its market share and margins.
  • Economic uncertainties and fluctuations in consumer spending patterns may affect NIKE's sales performance and profitability, especially during challenging economic conditions.
  • Changes in consumer preferences and fashion trends could pose a risk to NIKE's product portfolio, leading to potential inventory write-offs and reduced demand for certain products.
  • Global supply chain disruptions, such as those caused by the COVID-19 pandemic, could impact NIKE's production capabilities and distribution channels, affecting its ability to meet customer demand.
  • Investors should closely monitor macroeconomic indicators, industry trends, and company-specific developments to make informed decisions about investing in NIKE, Inc.

NKE Stock Analysis - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities 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?

32 equities research analysts have issued 12-month price targets for NIKE's shares. Their NKE share price targets range from $85.00 to $135.00. On average, they anticipate the company's stock price to reach $116.75 in the next year. This suggests a possible upside of 24.0% 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 beginning of the year. Since then, NKE shares have decreased by 13.3% and is now trading at $94.15.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. The footwear maker earned $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a trailing twelve-month return on equity of 39.41%.
Read the conference call transcript
.

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

NIKE declared a quarterly dividend on Thursday, February 8th. Investors of record on Monday, March 4th will be paid a dividend of $0.37 per share on Monday, April 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date 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 1.58%. 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 36.63% 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 before market open 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 closing bell 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 declared that its board has approved a share buyback program on Monday, June 27th 2022, which authorizes the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 11% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

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

NIKE issued an update on 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 institutional and retail 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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