In yesterday’s Wall Street session, Nike, Inc. (NYSE:NKE) shares traded at $93.75, down -0.12% from the previous session.
NKE stock price is now -8.19% away from the 50-day moving average and -10.52% away from the 200-day moving average. The market capitalization of the company currently stands at $142.04B.
With the price target reduced from $120 to $115, Telsey Advisory Group maintained Outperform rating for Nike, Inc. (NYSE: NKE). On March 22, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $110 to quote $100, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, PARKER MARK G, EXECUTIVE CHAIRMAN sold 168,378 shares of the company’s stock on Feb 14 ’24. The stock was sold for $17,679,690 at an average price of $105.00. Upon completion of the transaction, the EXECUTIVE CHAIRMAN now directly owns 1,178,845 shares in the company, valued at $110.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’23, EVP: CHRO Matheson Monique S. sold 10,000 shares of the business’s stock. A total of $1,190,000 was realized by selling the stock at an average price of $119.00. This leaves the insider owning 44,736 shares of the company worth $4.19 million. A total of 22.37% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc. has had a low of $88.66 and a high of $128.68. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 2.74, and a quick ratio of 1.89. According to the stock market information, the enterprise value for the company is $144.46B, which is based on a 27.56 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for NKE is $102.11 and a two-hundred day moving average price translates $104.77 for the stock.
The latest earnings results from Nike, Inc. (NYSE: NKE) was released for Feb, 2024. According to the Footwear & Accessories Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.68 by 0.03. This compares to $0.85 EPS in the same period last year. The net profit margin was 10.15% and return on equity was 36.38% for NKE. The company reported revenue of $13.39 billion for the quarter, compared to $13.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.55 percent. For the current quarter, analysts expect NKE to generate $11.86B in revenue.
