Currently, there are 1.21B 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 -4.91% and 7.21% over the past three months. NKE shares are trading -27.37% year to date (YTD), with the 12-month market performance down to -23.85% 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 11.94 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 -4.31%, -4.66%, and -11.97% respectively.
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Institutional ownership of Nike, Inc. (NYSE: NKE) shares accounts for 66.50% of the company’s 1.21B shares outstanding.
It has a market capitalization of $117.38B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 22.62, while the earnings-per-share (ttm) stands at $3.49. The company has a PEG of 2.51 and a Quick Ratio of 1.58 with the debt-to-equity ratio at 0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.73% over the week and 2.00% over the month.
Earnings per share for the fiscal year are expected to decrease by -30.41%, and 16.68% over the next financial year. EPS should grow at an annualized rate of 9.00% 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. Truist stated their Buy rating for the stock in a research note on October 10, 2024, with the firm’s price target at $83-$97. Telsey Advisory Group coverage for the Nike, Inc. (NKE) stock in a research note released on October 02, 2024 offered a Outperform rating with a price target of $96. Piper Sandler was of a view on August 23, 2024 that the stock is Neutral, while RBC Capital Mkts gave the stock Sector Perform rating on July 02, 2024, issuing a price target of $100- $75. Telsey Advisory Group on their part issued Outperform rating on June 28, 2024.
