Currently, there are 1.23B common shares owned by the public and among those 1.17B shares have been available to trade.
The company’s stock has a 5-day price change of -1.04% and -3.79% over the past three months. NKE shares are trading -12.50% year to date (YTD), with the 12-month market performance down to -15.49% lower. It has a 12-month low price of $88.66 and touched a high of $123.39 over the same period. NKE has an average intraday trading volume of 9.74 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 1.42%, 2.06%, and -5.47% respectively.
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Institutional ownership of Nike, Inc. (NYSE: NKE) shares accounts for 67.62% of the company’s 1.23B shares outstanding.
It has a market capitalization of $143.40B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 27.94, while the earnings-per-share (ttm) stands at $3.40. The company has a PEG of 2.11 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 2.12% over the week and 1.81% over the month.
Earnings per share for the fiscal year are expected to increase by 14.77%, and 6.29% over the next financial year. EPS should shrink at an annualized rate of 13.21% 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. Deutsche Bank stated their Buy rating for the stock in a research note on June 13, 2024, with the firm’s price target at $115. BofA Securities coverage for the Nike, Inc. (NKE) stock in a research note released on April 11, 2024 offered a Buy rating with a price target of $113. Telsey Advisory Group was of a view on March 22, 2024 that the stock is Outperform, while RBC Capital Mkts gave the stock Sector Perform rating on March 22, 2024, issuing a price target of $110- $100. Telsey Advisory Group on their part issued Outperform rating on March 18, 2024.
