Nike, Inc. (NYSE:NKE)’s traded shares stood at 3.19 million during the latest session, with the company’s beta value hitting 1.03. At the last check today, the stock’s price was $82.70, to imply a decrease of -0.48% or -$0.4 in intraday trading. The NKE share’s 52-week high remains $123.39, putting it -49.2% down since that peak but still an impressive 14.45% since price per share fell to its 52-week low of $70.75. The company has a valuation of $124.00B, with an average of 20.69 million shares in intraday trading volume over the past 10 days and average of 13.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Nike, Inc. (NKE), translating to a mean rating of 2.26. Of 35 analyst(s) looking at the stock, 1 analyst(s) give NKE a Sell rating. 0 of those analysts rate the stock as Overweight while 14 advise Hold as 20 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.67.
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Nike, Inc. (NYSE:NKE) trade information
After registering a -0.48% downside in the latest session, Nike, Inc. (NKE) has traded red over the past five days. The 5-day price performance for the stock is -7.49%, and 2.07% over 30 days. With these gigs, the year-to-date price performance is -23.83%. Short interest in Nike, Inc. (NYSE:NKE) saw shorts transact 23.35 million shares and set a 2.16 days time to cover.
The extremes give us $51 and $182 for target low and target high price respectively. As such, NKE has been trading -120.07% off suggested target high and 38.33% from its likely low.
Nike, Inc. (NKE) estimates and forecasts
Looking at statistics comparing Nike, Inc. share performance against respective industry, we note that the company has underperformed competitors. Nike, Inc. (NKE) shares are -7.15% down over the last 6 months, with its year-to-date growth rate lower than industry average at -24.05% against 3.60%. Revenue is forecast to shrink -35.00% this quarter before falling -31.60% for the next one. The rating firms project that company’s revenue will shrink -6.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 26 analysts is 12.22B. Meanwhile, for the current quarter, a total of 25 analyst(s) estimate revenue growth to 11.67B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.40% for the past 5-year period. While 2024 is set for a -28.53% return in earnings, projections for the next 5 years are at 5.35% annually.
NKE Dividends
Nike, Inc. has its next earnings report out on 2024-Dec-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Nike, Inc. has a forward dividend ratio of 1.48, with the share yield ticking at 1.79% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.07%.
Nike, Inc. (NYSE:NKE)’s Major holders
Nike, Inc. insiders hold 1.42% of total outstanding shares, with institutional holders owning 82.91% of the shares at 84.10% float percentage. In total, 82.91% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 111.59 million shares (or 7.3999% of shares), all amounting to roughly $8.41 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 91.53 million shares, or about 6.0693% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.9 billion.
