Stocks of Nike, Inc (NYSE:NKE) traded higher last session on Wall Street, down -0.49% to $73.31.
NKE stock price is now -4.85% away from the 50-day moving average and -12.30% away from the 200-day moving average. The market capitalization of the company currently stands at $108.59B.
With the price target maintained at $80, Telsey Advisory Group recently Downgraded its rating from Outperform to Market Perform for Nike, Inc (NYSE: NKE). On December 16, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $95 to quote $92, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, ROGERS JOHN W JR, Director bought 2,500 shares of the company’s stock on Dec 27 ’24. The stock was bought for $191,624 at an average price of $76.65. Upon completion of the transaction, the Director now directly owns 34,403 shares in the company, valued at $2.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, EXECUTIVE CHAIRMAN PARKER MARK G sold 45,190 shares of the business’s stock. A total of $3,463,362 was realized by selling the stock at an average price of $76.64. This leaves the insider owning 967,659 shares of the company worth $70.94 million. A total of 21.36% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc has had a low of $70.75 and a high of $107.48. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 2.22, and a quick ratio of 1.51. According to the stock market information, the enterprise value for the company is $116595023872, which is based on a 22.65 price-to-earnings ratio, a 5.66 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for NKE is $77.0504 and a two-hundred day moving average price translates $83.58935 for the stock.
The latest earnings results from Nike, Inc (NYSE: NKE) was released for 2024-08-31. The net profit margin was 9.96% and return on equity was 34.67% for NKE. The company reported revenue of $11.59 billion for the quarter, compared to $12.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.43 percent.
