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DOW   38,671.69
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Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
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Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
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Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
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Stock market today: World shares mostly higher after S&P 500 tops 5,000
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
The perfect AI stock under $10 (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
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Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Recession risks are fading, business economists say, but political tensions pose threat to economy
The perfect AI stock under $10 (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
NYSE:NKE

NIKE (NKE) Stock Price, News & Analysis

$104.50
+0.73 (+0.70%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$103.33
$104.94
50-Day Range
$99.68
$122.64
52-Week Range
$88.66
$128.68
Volume
5.45 million shs
Average Volume
8.85 million shs
Market Capitalization
$159.04 billion
P/E Ratio
30.56
Dividend Yield
1.42%
Price Target
$123.62

NIKE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
18.3% 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
0.50mentions of NIKE in the last 14 days
Based on 29 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.

4.82 out of 5 stars

Consumer Discretionary Sector

9th out of 268 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

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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.
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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
A Weird Income Tactic So Simple and So Lucrative...
It Has Billionaires JOKING About It! There's an unusual income tactic Warren Buffett has relied on time and time again for BILLIONS in dividend payouts. Carl Icahn once joked it was "like taking candy from a baby."  
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Nike Is Running Well, But Its Valuation Is A Hurdle
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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
2/11/2024
Ex-Dividend for 4/1 Dividend
3/01/2024
Next Earnings (Estimated)
3/19/2024
Dividend Payable
4/01/2024
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
+18.3%
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
$3.87 per share
Book Value
$9.14 per share

Miscellaneous

Outstanding Shares
1,521,910,000
Free Float
1,514,300,000
Market Cap
$159.04 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 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 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 target prices for NIKE's shares. Their NKE share price targets range from $92.00 to $150.00. On average, they expect the company's stock price to reach $123.62 in the next twelve months. This suggests a possible upside of 18.3% 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 2024. Since then, NKE shares have decreased by 3.7% and is now trading at $104.50.
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) posted its quarterly earnings results on Thursday, December, 21st. The footwear maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.19. The footwear maker had revenue of $13.40 billion for 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 revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share.
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. 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 annualized dividend and a dividend yield of 1.42%. 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 1.42%. 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?

NIKE shares split before market open on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly minted 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 declared that its Board of Directors has authorized a share repurchase program on Monday, June 27th 2022, which permits the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 11% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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

NIKE issued an update on 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 shareholders include Norges Bank (0.80%), Fisher Asset Management LLC (0.65%), Charles Schwab Investment Management Inc. (0.53%), Franklin Resources Inc. (0.52%), Newport Trust Company LLC (0.46%) and Jennison Associates LLC (0.40%). 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 2/12/2024 by MarketBeat.com Staff

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