The stock of Nike, Inc (NYSE:NKE) last traded at $70.94, up 3.29% from the previous session.
NKE stock price is now -5.82% away from the 50-day moving average and -12.65% away from the 200-day moving average. The market capitalization of the company currently stands at $104.93B.
With the price target reduced from $102 to $72, Citigroup Downgraded its rating from Buy to Neutral for Nike, Inc (NYSE: NKE). On January 10, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $72 to quote $90, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
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 $68.65 million. A total of 21.66% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc has had a low of $68.62 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. The fifty day moving average price for NKE is $75.4912 and a two-hundred day moving average price translates $81.3247 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.
