Nike, Inc. (NYSE: NKE) Is Getting Increasingly Hard To Ignore

Currently, there are 1.23B common shares owned by the public and among those 1.18B shares have been available to trade.

However, the script later moved the day high at 94.81, down -0.16%. The company’s stock has a 5-day price change of -6.78% and -12.27% over the past three months. NKE shares are trading -13.44% year to date (YTD), with the 12-month market performance down to -20.27% 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 9.37 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 -4.84%, -7.38%, and -10.13% respectively.

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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 $142.39B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 27.62, while the earnings-per-share (ttm) stands at $3.40. The company has a PEG of 2.06 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.35% over the week and 1.96% over the month.

Analysts forecast that Nike, Inc. (NKE) will achieve an EPS of $0.85 for the current quarter, $0.88 for the next quarter and $3.97 for 2025. The lowest estimate earnings-per-share for the quarter is $0.73 while analysts give the company a high EPS estimate of $0.93. Comparatively, EPS for the current quarter was $0.66 a year ago. Earnings per share for the fiscal year are expected to increase by 14.37%, and 8.10% over the next financial year. EPS should shrink at an annualized rate of 13.43% over the next five years, compared to 22.52% over the past 5-year period.

Looking at the support for the NKE, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on March 22, 2024, with the firm’s price target at $120-$115. RBC Capital Mkts coverage for the Nike, Inc. (NKE) stock in a research note released on March 22, 2024 offered a Sector Perform rating with a price target of $100. HSBC Securities on their part issued Hold rating on January 22, 2024.

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