In the latest trading session,, 3.95 million Nike, Inc (NYSE:NKE) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $61.36 changed hands at -$1.2 or -1.92% at last look, the market valuation stands at $90.57B. NKE’s current price is a discount, trading about -59.78% off its 52-week high of $98.04. The share price had its 52-week low at $52.28, which suggests the last value was 14.8% up since then.
Analysts gave the Nike, Inc (NKE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.27. 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 (NYSE:NKE) trade information
Instantly NKE was in red as seen in intraday trades today. With action -0.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.91%, with the 5-day performance at -0.60% in the red. However, in the 30-day time frame, Nike, Inc (NYSE:NKE) is 7.54% up.
The consensus price target for the stock as assigned by Wall Street analysts is 80, meaning bulls need an upside of 23.3% from its recent market value. According to analyst projections, NKE’s forecast low is 70 with 90 as the target high. To hit the forecast high, the stock’s price needs a -46.68% plunge from its current level, while the stock would need to soar -14.08% for it to hit the projected low.
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 2025 estimates are for Nike, Inc earnings to decrease by -45.98%, but the outlook for the next 5-year period is at -13.07% per year.
NKE Dividends
Nike, Inc is expected to release its next quarterly earnings report in June. The 2.51% annual yield figure for the share gives it an annual dividend of 1.54. It is important to note, however, that the 2.51% 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.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.0407% or 91.53 million shares worth $6.9 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 37.3 shares estimated at $2.28 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.73% of the shares, roughly 32.23 shares worth around $1.97 billion.
