NIKE, Inc. (NYSE:NKE): Performance Review And Growth Outlook – Marketing Sentinel

NIKE, Inc. (NYSE:NKE): Performance Review And Growth Outlook

In the latest trading session, 7,295,277 NIKE, Inc. (NYSE:NKE) shares changed hands as the company’s beta touched 0.86. With the company’s most recent per share price at $126.86 changing hands around -$5.71 or -0.04% at last look, the market valuation stands at $200.1 Billion. NKE’s current price is a discount, trading about -16.62% off its 52-week high of $147.95. The share price had its 52-week low at $83.61, which suggests the last value was 34.09% up since then. When we look at NIKE, Inc.’s average trading volume, we note the 10-day average is 6.44 Million shares, with the 3-month average coming to 6.33 Million.

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Analysts gave the NIKE, Inc. (NKE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.8. If we narrow down to specifics, the data shows that none out of 32 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 2 recommended NKE as a Hold, 26 felt it is a Buy and 1 rated the stock as Underweight. NIKE, Inc.’s EPS for the current quarter is expected to be $0.51.

NIKE, Inc. (NYSE:NKE) trade information

Although NKE has turned red as seen in intraday trades today. With action -4.31%, the performance over the past five days has been red. The jump to weekly highs of $134.7 on Friday, Apr 16 added 5.81% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.1%, with the 5-day performance at -0.05% in the red. However, in the 30-day time frame, NIKE, Inc. (NYSE:NKE) is -0.08% down. Looking at the short shares, we see there were 10.63 Million shares sold at short interest cover period of 1.68 days.

The consensus price target for the stock as assigned by Wall Street analysts is $166.25, meaning bulls need an upside of 31.05% from its recent market value. According to analyst projections, NKE’s forecast low is $140 with $189 as the target high. To hit the forecast high, the stock’s price needs a +48.98% upsurge from its latest level, while the stock would need to tank 10.36% for it to hit the projected low.

NIKE, Inc. (NKE) estimates and forecasts

Data shows that the NIKE, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +2.77% over the past 6 months, a 94.38% in annual growth rate that is considerably higher than the industry average of 17.8%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for NIKE, Inc. will rise +200%, while the growth in revenue is estimated to hit 18.9% for the next quarter. Year-over-year growth is forecast to reach 15.9% up from the last financial year.

Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of $11.12 Billion. 15 analysts are of the opinion that NIKE, Inc.’s revenue for the quarter ending August 01, 2021 will be $12.32 Billion. The company’s revenue for the corresponding quarter a year ago was $6.31 Billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 76.2%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.9%. The 2021 estimates are for NIKE, Inc. earnings to decrease by -35.9%, but the outlook for the next 5-year period is at 34.55% per year.

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NKE Dividends

NIKE, Inc. is expected to release its next quarterly earnings report around June 23 – June 28, 2021. The 0.83% annual yield figure for the share gives it an annual dividend of 1.1. It is important to note, however, that the 0.83% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.06% per year.

NIKE, Inc. (NYSE:NKE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.29% of NIKE, Inc. shares while 83.9% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.15%. There are 2891 institutions holding the NIKE, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 8.15% of the shares, roughly 103.95 Million NKE shares worth $14.71 Billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.3% or 93.11 Million shares worth $13.17 Billion as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 35308087 shares estimated at $5Billion under it, the former controlled 2.77% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.97% of the shares, roughly 25.14 Million shares worth around $3.56 Billion.

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