Currently, there are 1.21B common shares owned by the public and among those 1.18B shares have been available to trade.
The company’s stock has a 5-day price change of 9.51% and -10.97% over the past three months. NKE shares are trading -20.31% year to date (YTD), with the 12-month market performance down to -8.00% lower. It has a 12-month low price of $70.75 and touched a high of $123.39 over the same period. NKE has an average intraday trading volume of 15.22 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 6.43%, 11.43%, and -7.32% respectively.
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Institutional ownership of Nike, Inc. (NYSE: NKE) shares accounts for 66.26% of the company’s 1.21B shares outstanding.
It has a market capitalization of $129.73B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 23.22, while the earnings-per-share (ttm) stands at $3.73. The company has a PEG of 4.58 and a Quick Ratio of 1.69 with the debt-to-equity ratio at 0.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.17% over the month.
Earnings per share for the fiscal year are expected to decrease by -21.88%, and 13.78% over the next financial year. EPS should shrink at an annualized rate of 5.07% over the next five years, compared to 8.40% over the past 5-year period.
Looking at the support for the NKE, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on August 23, 2024, with the firm’s price target at $80. RBC Capital Mkts coverage for the Nike, Inc. (NKE) stock in a research note released on July 02, 2024 offered a Sector Perform rating with a price target of $75. Telsey Advisory Group was of a view on June 28, 2024 that the stock is Outperform, while UBS gave the stock Neutral rating on June 28, 2024, issuing a price target of $78. Stifel on their part issued Hold rating on June 28, 2024.
