In the last trading session, 10.49 million shares of the Nike, Inc. (NYSE:NKE) were traded, and its beta was 1.03. Most recently the company’s share price was $80.77, and it changed around -$0.06 or -0.07% from the last close, which brings the market valuation of the company to $121.11B. NKE currently trades at a discount to its 52-week high of $123.39, offering almost -52.77% off that amount. The share price’s 52-week low was $70.75, which indicates that the current value has risen by an impressive 12.41% since then. We note from Nike, Inc.’s average daily trading volume that its 10-day average is 15.28 million shares, with the 3-month average coming to 13.72 million.
Nike, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 37 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 17 recommended NKE as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Nike, Inc. is expected to report earnings per share of 0.65 for the current quarter.
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Nike, Inc. (NYSE:NKE) trade information
Instantly NKE has showed a red trend with a performance of -0.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 85.23 on recent trading dayincreased the stock’s daily price by 5.23%. The company’s shares are currently down -25.61% year-to-date, but still down -9.38% over the last five days. On the other hand, Nike, Inc. (NYSE:NKE) is 1.61% up in the 30-day period. We can see from the shorts that 23.35 million shares have been sold at a short interest cover period of 2.16 day(s).
The consensus price target as assigned by Wall Street analysts is $103, which translates to bulls needing to increase their stock price by 21.58% from its current value. Analyst projections state that NKE is forecast to be at a low of $51 and a high of $182.
Nike, Inc. (NKE) estimates and forecasts
Nike, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.24 percent over the past six months and at a -29.11% annual growth rate that is well below the industry average of 2.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -36.90% in revenue this quarter, and will report a decrease of -32.70% in the next quarter. The year-over-year growth rate is expected to be -7.40%, down from the previous year.
Consensus estimates provided by 26 financial analysts predict the company will bring in an average of 12.2B in revenue for the current quarter. 24 analysts expect Nike, Inc. to make 11.63B in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.40%. Nike, Inc. earnings are expected to increase by -30.16% in 2024, but the outlook is positive 7.07% per year for the next five years.
NKE Dividends
Nike, Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.83 percent and its annual dividend per share was 1.48. It is important to note, however, that the 1.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.07 per year.
Nike, Inc. (NYSE:NKE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.42% of Nike, Inc. shares, and 83.44% of them are in the hands of institutional investors. The stock currently has a share float of 84.65%. Nike, Inc. stock is held by 2981.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.3999% of the shares, which is about 111.59 million shares worth $8.41 billion.
BLACKROCK INC., with 6.0693% or 91.53 million shares worth $6.9 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
