The price of NIKE Inc. (NYSE:NKE) shares last traded on Wall Street fell -0.86% to $108.09.
Based on available information, 35 analysts follow NIKE Inc. (NYSE:NKE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $151.87 and a low of $92.00, we find $130.00. Given the previous closing price of $109.03, this indicates a potential upside of 19.23 percent. NKE stock price is now -0.56% away from the 50-day moving average and -5.70% away from the 200-day moving average. The market capitalization of the company currently stands at $166.81B.
Among analysts, 8 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $127.52 as their price target over the next twelve months.
In other news, Matheson Monique S., EVP: CHRO sold 40,000 shares of the company’s stock on Aug 08. The stock was sold for $4,343,678 at an average price of $108.59. Upon completion of the transaction, the EVP: CHRO now directly owns 44,736 shares in the company, valued at $4.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, EVP: CFO Friend Matthew sold 5,545 shares of the business’s stock. A total of $593,315 was realized by selling the stock at an average price of $107.00. This leaves the insider owning 42,119 shares of the company worth $4.55 million. Insiders disposed of 5,360,514 shares of company stock worth roughly $579.42 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NKE stock. A new stake in NIKE Inc. shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $307,107,000. RENAISSANCE TECHNOLOGIES LLC invested $188,610,000 in shares of NKE during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in NIKE Inc. valued at approximately $169,336,000. STONEHAGE FLEMING FINANCIAL SERVICES HOLDINGS LTD acquired a new stake in NKE for approximately $99,553,000. KBC GROUP NV purchased a new stake in NKE valued at around $81,402,000 in the second quarter. In total, there are 3,204 active investors with 82.90% ownership of the company’s stock.
A candlestick chart of NIKE Inc. (NYSE: NKE) showed a price of $108.90 on Friday morning. During the past 12 months, NIKE Inc. has had a low of $82.22 and a high of $131.31. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 2.70, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $166.84B, which is based on a 33.50 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for NKE is $108.76 and a two-hundred day moving average price translates $114.72 for the stock.
The latest earnings results from NIKE Inc. (NYSE: NKE) was released for May, 2023. According to the Footwear & Accessories Company, earnings per share came in at $0.66, missing analysts’ expectations of $0.67 by -0.01. This compares to $0.90 EPS in the same period last year. The net profit margin was 9.90% and return on equity was 34.00% for NKE. The company reported revenue of $12.82 billion for the quarter, compared to $12.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.83 percent. For the current quarter, analysts expect NKE to generate $12.98B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2023. Investors who held shares on 09/05/2023 were paid a $0.34 dividend. On an annualized basis, this represents a $1.36 dividend and a 1.26% percent yield. There was an ex-dividend date of 09/01/2023 for this dividend. In terms of dividend payout ratio, NKE is presently at 39.50%.
