During the recent session, Nike, Inc (NYSE:NKE)’s traded shares were 1.31 million, with the beta value of the company hitting 1.01. At the last check today, the stock’s price was $73.64, reflecting an intraday loss of -0.88% or -$0.65. The 52-week high for the NKE share is $107.43, that puts it down -45.89 from that peak though still a striking 4.51% gain since the share price plummeted to a 52-week low of $70.32. The company’s market capitalization is $108.92B, and the average intraday trading volume over the past 10 days was 13.36 million shares, and the average trade volume was 11.91 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 2.17. 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.
Nike, Inc (NYSE:NKE) trade information
Nike, Inc (NKE) registered a -0.88% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.88% in intraday trading to $73.64, hitting a weekly high. The stock’s 5-day price performance is 3.55%, and it has moved by -4.30% in 30 days. Based on these gigs, the overall price performance for the year is -27.74%. The short interest in Nike, Inc (NYSE:NKE) is 25.28 million shares and it means that shorts have 2.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $91, which implies an increase of 19.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $79 and $110 respectively. As a result, NKE is trading at a discount of -49.38% off the target high and -7.28% 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 up 3.58% during the last six months, with a year-to-date growth rate less than the industry average at -46.84% against 8.70.
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 -47.43% in 2025, the next five years will return 4.00% per annum.
NKE Dividends
Nike, Inc is due to release its next quarterly earnings in February. 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 1.51, with the dividend yield indicating at 2.05 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.1%.
Nike, Inc (NYSE:NKE)’s Major holders
Nike, Inc insiders own 1.70% of total outstanding shares while institutional holders control 81.77%, with the float percentage being 83.19%. VANGUARD GROUP INC is the largest shareholder of the company, while 2988.0 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.
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 Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 38.09 shares. This amounts to just over 3.22 percent of the company’s overall shares, with a $2.81 billion market value. The same data shows that the other fund manager holds slightly less at 31.47, or about 2.66% of the stock, which is worth about $2.32 billion.
