The stock of Nike, Inc (NYSE:NKE) last traded at $70.84, down -0.38% from the previous session.
NKE stock price is now -6.58% away from the 50-day moving average and -14.17% away from the 200-day moving average. The market capitalization of the company currently stands at $104.78B.
With the price target enhanced from $72 to $90, Piper Sandler Upgraded its rating from Neutral to Overweight for Nike, Inc (NYSE: NKE). On December 20, 2024, Telsey Advisory Group Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $80, while ‘Wells Fargo’ rates the stock as ‘Overweight’
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 $2.44 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 $68.55 million. A total of 21.49% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc has had a low of $70.32 and a high of $107.43. 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 21.88 price-to-earnings ratio, a 5.47 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for NKE is $75.8258 and a two-hundred day moving average price translates $82.5391 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.
