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NYSE:NKE

NIKE (NKE) Stock Price, News & Analysis

$103.77
-0.02 (-0.02%)
(As of 02/8/2024 ET)
Today's Range
$103.05
$104.96
50-Day Range
$99.68
$122.64
52-Week Range
$88.66
$128.68
Volume
6.32 million shs
Average Volume
8.97 million shs
Market Capitalization
$157.93 billion
P/E Ratio
30.34
Dividend Yield
1.43%
Price Target
$123.62

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
19.1% Upside
$123.62 Price Target
Short Interest
Healthy
1.17% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.82
Upright™ Environmental Score
News Sentiment
0.28mentions of NIKE in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$1.19 M Sold Last Quarter
Proj. Earnings Growth
17.37%
From $3.57 to $4.19 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.

4.84 out of 5 stars

Consumer Discretionary Sector

10th out of 269 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

Are these frigid Dow stocks in for a longer winter? (NKE)
These three Dow laggards have suffered double-digit percentage declines this winter, contributing to the Dow’s underperformance versus other major averages.
Peloton stock backpedals to a new low as shorts win (NKE)
While bullish Peloton traders keep up the faith for a short squeeze rally, bearish sellers keep laughing all the way to the bank.
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
Skechers stocks trips on inventory bloat, but there's an upside (NKE)
Skechers U.S.A. Inc. (NYSE: SKX) is a global lifestyle and performance footwear and apparel company that has really hit its stride in the last decade.
Is Nike consolidating before a fresh rally? (NKE)
Shares have been trading sideways and for those of us on the sidelines, it’s a good time to consider if an entry opportunity may be opening up.
7 best retail stocks to invest in (NKE)
Retail stocks allow investors to own stock in businesses where they shop. Learn more about the best retail stocks to invest in on MarketBeat.
3 downgraded names you can buy into (NKE)
Analysts trimmed their targets for these stocks but are still rated at Moderate Buy with significant upside potential for investors this year.
Lululemon stock falls on raised guidance (NKE)
Premium athleisure brand Lululemon Athletica Inc. (NASDAQ: LULU) entered the holiday shopping season with solid momentum, sending shares through its all-time
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
Nike navigates a new course without Tiger
Nike's split with Tiger Woods after 27 years triggered a cautious market reaction and demanded a strategic shift in its golf apparel and endorsements.
Column: Tiger Woods and Nike was a partnership for a lifetime until it wasn't
Tiger Woods has had two agents and three regular caddies in his 27 years on the PGA Tour
Tiger Woods, Nike indicate a split after more than 27 years
Tiger Woods and Nike have indicated they have parted ways after more than 27 years
Nike declares $0.37 dividend
NIKE, Inc. Declares $0.370 Quarterly Dividend
Nike (NKE) Exceeds Market Returns: Some Facts to Consider
NKE Feb 2024 91.000 call
NKE Feb 2024 130.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/01/2023
Last Earnings
12/21/2023
Dividend Payable
1/02/2024
Today
2/08/2024
Next Earnings (Estimated)
3/19/2024
Fiscal Year End
5/31/2024

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
$123.62
High Stock Price Target
$150.00
Low Stock Price Target
$92.00
Potential Upside/Downside
+18.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
32 Analysts

Profitability

Net Income
$5.07 billion
Pretax Margin
12.21%

Debt

Sales & Book Value

Annual Sales
$51.22 billion
Cash Flow
$3.95 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$159.33 billion
Optionable
Optionable
Beta
1.11

Social Links

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NKE Stock Analysis - Frequently Asked Questions

Should I buy or sell NIKE stock right now?

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 9 hold ratings and 21 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?

32 brokers have issued 12 month price objectives for NIKE's stock. Their NKE share price targets range from $92.00 to $150.00. On average, they anticipate the company's share price to reach $123.62 in the next twelve months. This suggests a possible upside of 19.1% 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 on January 1st, 2024. Since then, NKE stock has decreased by 4.4% and is now trading at $103.77.
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 Tuesday, March 19th 2024.
View our NKE earnings forecast
.

How were NIKE's earnings last quarter?

NIKE, Inc. (NYSE:NKE) issued its quarterly earnings data on Thursday, December, 21st. The footwear maker reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.19. The footwear maker earned $13.40 billion during the quarter, compared to the consensus estimate of $13.39 billion. NIKE had a net margin of 10.28% and a trailing twelve-month return on equity of 37.41%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS.
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. Stockholders 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 yield of 1.43%.
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 1.44%. 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 43.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 35.32% 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 payable 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 of Directors has initiated 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 purchase up to 11% of its shares through open market purchases. Shares buyback plans are typically a sign 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, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $51.7 billion-$51.7 billion, compared to the consensus revenue estimate of $53.1 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 number of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.65%), Charles Schwab Investment Management Inc. (0.53%), Jennison Associates LLC (0.40%), Massachusetts Financial Services Co. MA (0.33%), GUARDCAP ASSET MANAGEMENT Ltd (0.31%) and Nordea Investment Management AB (0.29%). 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 2/8/2024 by MarketBeat.com Staff

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