During the last session, Nike, Inc. (NYSE:NKE)’s traded shares were 13.73 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $83.32, reflecting an intraday gain of 0.07% or $0.06. The 52-week high for the NKE share is $123.39, that puts it down -48.09 from that peak though still a striking 15.09% gain since the share price plummeted to a 52-week low of $70.75. The company’s market capitalization is $124.94B, and the average intraday trading volume over the past 10 days was 9.73 million shares, and the average trade volume was 15.02 million shares over the past three months.
Nike, Inc. (NKE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.18. NKE has a Sell rating from 1 analyst(s) out of 35 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 20 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.47.
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Nike, Inc. (NYSE:NKE) trade information
Nike, Inc. (NKE) registered a 0.07% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.07% in intraday trading to $83.32, hitting a weekly high. The stock’s 5-day price performance is -0.87%, and it has moved by 12.82% in 30 days. Based on these gigs, the overall price performance for the year is -18.39%. The short interest in Nike, Inc. (NYSE:NKE) is 22.38 million shares and it means that shorts have 1.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $105, which implies an increase of 20.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $51 and $182 respectively. As a result, NKE is trading at a discount of -118.43% off the target high and 38.79% off the low.
Nike, Inc. (NKE) estimates and forecasts
Statistics show that Nike, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Nike, Inc. (NKE) shares have gone down -18.22% during the last six months, with a year-to-date growth rate less than the industry average at -21.52% against 1.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -50.00% this quarter and then drop -27.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.51B as predicted by 25 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to 11.26B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.40%. While earnings are projected to return -20.77% in 2024, the next five years will return 4.84% per annum.
NKE Dividends
Nike, Inc. is due to release its next quarterly earnings on 2024-Sep-26. 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 1.45, with the dividend yield indicating at 1.74 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.04%.
Nike, Inc. (NYSE:NKE)’s Major holders
Nike, Inc. insiders own 1.42% of total outstanding shares while institutional holders control 83.18%, with the float percentage being 84.37%. VANGUARD GROUP INC is the largest shareholder of the company, while 3033.0 institutions own stock in it. As of 2024-06-30, the company held over 111.59 million shares (or 7.3999% of all shares), a total value of $8.41 billion in shares.
The next largest institutional holding, with 91.53 million shares, is of BLACKROCK INC.’s that is approximately 6.0693% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.9 billion.
