For NIKE, Inc. (NKE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.9. Splitting up the data highlights that, out of 33 analysts covering the stock, none rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 24 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.
NIKE, Inc. (NYSE:NKE) trade information
In the face of being in the red today for losing -5.14%, in the last five days NKE remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $102.22 price level, adding 6.31% to its value on the day. NIKE, Inc.’s shares saw a change of -5.47% in year-to-date performance and have moved -0.02% in past 5-day. NIKE, Inc. (NYSE:NKE) showed a performance of -0.88% in past 30-days. Number of shares sold short was 10.21 Million shares which calculate 1.33 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $109.68 to the stock, which implies a rise of 14.23% to its current value. Analysts have been projecting $83 as a low price target for the stock while placing it at a high target of $133. It follows that stock’s current price would jump +38.51% in reaching the projected high whereas dropping to the targeted low would mean a loss of -13.56% for stock’s current value.
NIKE, Inc. (NKE) estimates and forecasts
Statistics highlight that NIKE, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +1.26% of value to its shares in past 6 months, showing an annual growth rate of 60% while that of industry is -36.4. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -85.5% in the current quarter and calculating -23.3% decline in the next quarter. This year revenue growth is estimated to drop -1.7% from the last financial year’s standing.
24 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.52 Billion for the same. And 18 analysts are in estimates of company making revenue of $9.97 Billion in the next quarter that will end in August 01, 2020. Company posted $10.18 Billion and $10.66 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -26.2% while estimating it to be -6.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.9% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 4.1% while estimates for its earnings growth in next 5 years are of 11.17%
NIKE, Inc. is more likely to be releasing its next quarterly report in July, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.97%, the share has a forward dividend of 0.98 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.07%.
NIKE, Inc. (NYSE:NKE)’s Major holders
Insiders are in possession of 1.17% of company’s total shares while institution are holding 85.83% percent of that, with stock having share float percentage of 86.84%. Investors also watch the number of corporate investors in a company very closely, which is 2440 institutions for NIKE, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at NKE for having 109.17 Million shares of worth $9.03 Billion. And as of March 30, 2020, it was holding 8.8% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 90.98 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.34% of outstanding shares, having a total worth of $7.53 Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 36550605 shares of worth $3.02 Billion or 2.95% of the total outstanding shares. The later fund manager was in possession of 25.65 Million shares on March 30, 2020, making its stake of worth around $2.12 Billion in the company or a holder of 2.07% of company’s stock.