In the latest trading session, 3.86 million Nike, Inc. (NYSE:NKE) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $88.59 changing hands around $0.19 or 0.21% at last look, the market valuation stands at $132.84B. NKE’s current price is a discount, trading about -39.28% off its 52-week high of $123.39. The share price had its 52-week low at $70.75, which suggests the last value was 20.14% up since then. When we look at Nike, Inc.’s average trading volume, we note the 10-day average is 16.84 million shares, with the 3-month average coming to 14.10 million.

Analysts gave the Nike, Inc. (NKE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.23. If we narrow down to specifics, the data shows that 1 out of 35 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 14 recommended NKE as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Nike, Inc.’s EPS for the current quarter is expected to be 0.52.

Nike, Inc. (NYSE:NKE) trade information

Instantly NKE is in green as seen in intraday trades today. With action 1.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -18.40%, with the 5-day performance at 1.29% in the green. However, in the 30-day time frame, Nike, Inc. (NYSE:NKE) is 6.33% up. Looking at the short shares, we see there were 23.35 million shares sold at short interest cover period of 2.16 days.

The consensus price target for the stock as assigned by Wall Street analysts is 103, meaning bulls need an upside of 13.99% from its recent market value. According to analyst projections, NKE’s forecast low is 51 with 182 as the target high. To hit the forecast high, the stock’s price needs a -105.44% plunge from its current level, while the stock would need to tank 42.43% for it to hit the projected low.

Nike, Inc. (NKE) estimates and forecasts

Year-over-year growth is forecast to reach -5.00% down from the last financial year.

Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of 11.65B. 26 analysts are of the opinion that Nike, Inc.’s revenue for the current quarter will be 12.46B.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.40%. The 2024 estimates are for Nike, Inc. earnings to decrease by -22.44%, but the outlook for the next 5-year period is at 5.35% per year.

NKE Dividends

Nike, Inc. is expected to release its next quarterly earnings report on 2024-Oct-01. The 1.67% annual yield figure for the share gives it an annual dividend of 1.48. It is important to note, however, that the 1.67% 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 1.07 per year.

Nike, Inc. (NYSE:NKE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.42% of Nike, Inc. shares while 82.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.11%. There are 82.91% institutions holding the Nike, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.3999% of the shares, roughly 111.59 million NKE shares worth $8.41 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.0693% or 91.53 million shares worth $6.9 billion as of 2024-06-30.