During the last session, Nike, Inc. (NYSE:NKE)’s traded shares were 15.18 million, with the beta value of the company hitting 1.10. At the end of the trading day, the stock’s price was $99.64, reflecting an intraday loss of -0.62% or -$0.62. The 52-week high for the NKE share is $128.68, that puts it down -29.14 from that peak though still a striking 11.02% gain since the share price plummeted to a 52-week low of $88.66. The company’s market capitalization is $150.98B, and the average intraday trading volume over the past 10 days was 8.55 million shares, and the average trade volume was 9.39 million shares over the past three months.
Nike, Inc. (NYSE:NKE) trade information
Nike, Inc. (NKE) registered a -0.62% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.62% in intraday trading to $99.64, hitting a weekly high. The stock’s 5-day price performance is 0.48%, and it has moved by -6.29% in 30 days. Based on these gigs, the overall price performance for the year is -15.68%. The short interest in Nike, Inc. (NYSE:NKE) is 15.18 million shares and it means that shorts have 1.88 day(s) to cover.
Nike, Inc. (NKE) estimates and forecasts
Statistics show that Nike, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Nike, Inc. (NKE) shares have gone up 2.52% during the last six months, with a year-to-date growth rate more than the industry average at 10.53% against 6.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -6.30% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 1.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $12.28 billion as predicted by 23 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to $13.09 billion by the end of May 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.52%. While earnings are projected to return 11.75% in 2024, the next five years will return 13.43% per annum.
NKE Dividends
Nike, Inc. is due to release its next quarterly earnings on March 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Nike, Inc. is 1.42, with the dividend yield indicating at 1.43 percent, continuing the trend of increasing dividends in recent years.
Nike, Inc. (NYSE:NKE)’s Major holders
Nike, Inc. insiders own 1.41% of total outstanding shares while institutional holders control 83.24%, with the float percentage being 84.43%. Vanguard Group Inc is the largest shareholder of the company, while 3,237 institutions own stock in it. As of Jun 29, 2023, the company held over 107.81 million shares (or 8.81% of all shares), a total value of $11.9 billion in shares.
The next largest institutional holding, with 92.83 million shares, is of Blackrock Inc.’s that is approximately 7.58% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $10.25 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Nike, Inc. (NKE) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 38.4 million shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $4.24 billion market value. The same data shows that the other fund manager holds slightly less at 29.34 million, or about 2.40% of the stock, which is worth about $3.24 billion.
