Nike is a shoe company located in Oregon, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker NKE on the NYSE exchange.
Nike stock last closed at $92.18, up 0.45% from the previous day, and has decreased 21.2% in one year. It has underperformed other stocks in the Footwear & Accessories industry by 0.74 percentage points. Nike stock is currently +3.97% from its 52-week low of $88.66, and -25.29% from its 52-week high of $123.39.
At the moment, there are 1.51B NKE shares outstanding. The market capitalization of NKE is $139.13B. In the past 24 hours, 11.93M NKE shares were traded.
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After you have decided on the best place to buy Nike stock, it's important to research their stock before you buy, so you truly understand the risk as well as the upside.
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on NKE's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge NKE's intrinsic value.
Using relative valuations methods:
You can do more valuation analysis on NKE's stock here.
Out of 27 Wall Street analysts who give ratings on NKE, the consensus analyst rating on Nike is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Aneesha Sherman, a bottom 15% analyst from Bernstein maintains NKE with a buy rating and lowers their NKE price target from $134.00 to $120.00, on Mar 22, 2024.
Jonathan Komp, a top 14% analyst from Baird maintains NKE with a buy rating and lowers their NKE price target from $140.00 to $125.00, on Mar 22, 2024.
Randal Konik, a top 28% analyst from Jefferies maintains NKE with a hold rating and lowers their NKE price target from $110.00 to $100.00, on Mar 22, 2024.
Jefferies's Randal Konik lowered their price target on Nike (NYSE: NKE) by 9.1% from $110 to $100 on 2024/03/22. The analyst maintained their Hold rating on the stock.
Konik's price target move was in response to the 2024/03/21 release of Nike's Q3 2024 earnings report.
The analyst argued that Nike is at "a point of transition" with its "innovation having ground to a halt and management's acknowledging that newness has to be re-accelerated."
Nike is altering its distribution model, putting the focus back on wholesale, which "shows some indecision in strategic direction," Konik cautioned.
Overall, the analyst said that "while it is good that Nike sees its own issues, it's bad that the fixes will take time to play out."
For Q3 2024, Nike reported:
Management guided:
For Q4 2024:
For FY 2024:
President & CEO John Donahoe commented: “We are making the necessary adjustments to drive Nike’s next chapter of growth.
“We’re encouraged by the progress we’ve seen, as we build a multiyear cycle of new innovation, sharpen our brand storytelling and work with our wholesale partners to elevate and grow the marketplace.”
CFO Matthew Friend added: “Our teams are focused on what matters most to return to strong growth. We are taking action to build a faster, more efficient Nike and maximize the impact of our new innovation cycle.”
Michael Binetti, a top 47% analyst from Evercore ISI Group maintains NKE with a buy rating and lowers their NKE price target from $127.00 to $117.00, on Mar 22, 2024.
Ike Boruchow, a top 18% analyst from Wells Fargo maintains NKE with a strong buy rating and lowers their NKE price target from $125.00 to $120.00, on Mar 22, 2024.
You can dig deeper into what analysts are projecting on the Nike stock forecast page.
Last year, NKE earnings were $5.23B. In the last five year, NKE's earnings have increased by 5.52% per year. This was slower than the Footwear & Accessories industry average of 12.57%.
Last year, NKE revenue was $51.58B. Over the last 5 year, NKE's revenue has grown by 5.9% per year. This was slower than the Footwear & Accessories industry average of 10.77%.
Find out more about NKE's earnings and revenue performance here.
In the past 12 months, insiders at NKE have sold more shares than they have bought.
Mark G. Parker, EXECUTIVE CHAIRMAN of NKE, was the latest NKE insider to sell. They sold $5,437,326.92 worth of NKE stock on May 14, 2024.
Dig into more about who owns NKE shares here.
Nike pays a dividend of 1.54%, compared to the Footwear & Accessories industry's average dividend yield of 2.41%. If you owned $1,000 of NKE stock, you would have received $15.40 in the past year.
Nike dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Nike dividend yield and history here.
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