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 $94.04, down 0.61% from the previous day, and has decreased 8.18% in one year. It has underperformed other stocks in the Footwear & Accessories industry by 0.37 percentage points. Nike stock is currently +14.38% from its 52-week low of $82.22, and -28.38% from its 52-week high of $131.31.
At the moment, there are 1.53B NKE shares outstanding. The market capitalization of NKE is $143.88B. In the past 24 hours, 10.25M NKE shares were traded.
You need a brokerage account in order to access the NYSE market and buy NKE shares.
We believe that eToro is the best online stock brokerage. Here's why:
Get $10 towards your stock purchase by opening an account with eToro today.Open eToro Account
Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to invest in NKE today.
Now that you've created your account on stock market apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring money into your investment account.
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 25 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.
Paul Lejuez, a top 4% analyst from Citigroup maintains NKE with a hold rating and lowers their NKE price target from $109.00 to $100.00, on Sep 20, 2023.
Citigroup's Paul Lejuez lowered their price target on Nike (NYSE: NKE) by 8.3% from $109 to $100 on 2023/09/20. The analyst maintained their Hold rating on the stock.
While Nike's Q2 results, expected on 2023/09/26, should be in line with consensus estimates, investors should be wary of management's FY 2024 guidance "for several reasons," the analyst cautioned.
The company's North American sales are facing a very tough comp, Lejuez said, calling Street sales estimates "too aggressive/optimistic."
Recent data points suggest the North American active market is weakening, potentially impacting Nike's 2H 2024 orders, the analyst reported.
Overall, Citigroup "remains cautious on the stock," Lejuez said.
Kate Fitzsimons, a top 14% analyst from Wells Fargo maintains NKE with a strong buy rating and lowers their NKE price target from $130.00 to $120.00, on Sep 18, 2023.
Sam Poser, a top 4% analyst from Williams Trading maintains NKE with a strong sell rating and lowers their NKE price target from $95.00 to $91.00, on Sep 7, 2023.
Jim Duffy, a top 5% analyst from Stifel Nicolaus maintains NKE with a strong buy rating and lowers their NKE price target from $143.00 to $135.00, on Aug 28, 2023.
Jonathan Komp, a top 22% analyst from Baird maintains NKE with a buy rating and lowers their NKE price target from $138.00 to $130.00, on Jul 3, 2023.
You can dig deeper into what analysts are projecting on the Nike stock forecast page.
Last year, NKE earnings were $5.07B. In the last five year, NKE's earnings have increased by 22.41% per year. This was slower than the Footwear & Accessories industry average of 31.85%.
Last year, NKE revenue was $51.22B. Over the last 5 year, NKE's revenue has grown by 7.07% per year. This was slower than the Footwear & Accessories industry average of 11.33%.
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.
Ann M. Miller, EVP Chief Legal Officer of NKE, was the latest NKE insider to sell. They sold $810,229.09 worth of NKE stock on Sep 11, 2023.
Dig into more about who owns NKE shares here.
Nike pays a dividend of 1.45%, compared to the Footwear & Accessories industry's average dividend yield of 2.92%. If you owned $1,000 of NKE stock, you would have received $14.46 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.
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
There are two primary options:
Hit the Open button and your broker will place your order.
If you want more info about investing in stocks on eToro, watch the helpful video below:
Now that you own some NKE stock, you'll want to keep up with your new investment.
Add NKE to a watchlist to keep track of your NKE stock.
To reiterate, here are the 6 steps to buy stock in Nike:
If you need a online brokerage, eToro is our favorite option.Get Started with eToro Today
If you would like to watch your new investment in Nike, click the button below.
How much does it cost to buy one Nike share?
Is now a good time to buy Nike stock?
What is the best way to buy Nike stock?