Currently, there are 1.23B common shares owned by the public and among those 1.18B shares have been available to trade.
Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 7,045,148 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 650,968 shares.
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The company’s stock has a 5-day price change of -4.78% and -9.73% over the past three months. NKE shares are trading -8.32% year to date (YTD), with the 12-month market performance down to -16.76% lower. It has a 12-month low price of $88.66 and touched a high of $128.68 over the same period. NKE has an average intraday trading volume of 9.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.39%, -5.18%, and -5.69% respectively.
Institutional ownership of Nike, Inc. (NYSE: NKE) shares accounts for 67.82% of the company’s 1.23B shares outstanding.
It has a market capitalization of $150.83B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 29.07, while the earnings-per-share (ttm) stands at $3.42. The company has a PEG of 2.02 and a Quick Ratio of 1.85 with the debt-to-equity ratio at 0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.91% over the week and 2.00% over the month.
Analysts forecast that Nike, Inc. (NKE) will achieve an EPS of $0.67 for the current quarter, $0.82 for the next quarter and $3.9 for 2025. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.83. Comparatively, EPS for the current quarter was $0.79 a year ago. Earnings per share for the fiscal year are expected to increase by 11.59%, and 17.17% over the next financial year. EPS should shrink at an annualized rate of 14.38% over the next five years, compared to 22.52% over the past 5-year period.
HSBC Securities coverage for the Nike, Inc. (NKE) stock in a research note released on January 22, 2024 offered a Hold rating with a price target of $116. HSBC Securities was of a view on January 22, 2024 that the stock is Hold, while TD Cowen gave the stock Market Perform rating on December 22, 2023, issuing a price target of $129- $104. Telsey Advisory Group on their part issued Outperform rating on December 15, 2023.
