NIKE (NKE) Stock Price, News & Analysis

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
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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.
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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.

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.

ETFs with the largest weight of NIKE (NYSE:NKE) stock in their portfolio include IQ Healthy Hearts ETF (HART), Consumer Discretionary Select Sector SPDR Fund (XLY), Monarch Blue Chips Core ETF (MBCC), First Trust Dow 30 Equal Weight ETF (EDOW), Hennessy Stance ESG Large Cap ETF (STNC), Daily Consumer Discretionary Bull 3X (WANT), Goldman Sachs Future Consumer Equity ETF (GBUY) and Invesco Large Cap Growth ETF (PWB).

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.

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.

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.

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.

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).

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.
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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.
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