Currently, there are 1.19B 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 0.15% and -0.75% over the past three months. NKE shares are trading -27.34% year to date (YTD), with the 12-month market performance down to -32.06% 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 11.65 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 2.43%, -0.73%, and -8.05% respectively.
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Institutional ownership of Nike, Inc (NYSE: NKE) shares accounts for 65.02% of the company’s 1.19B shares outstanding.
It has a market capitalization of $117.89B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 22.63, while the earnings-per-share (ttm) stands at $3.49. The company has a PEG of 2.26 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 2.12% over the week and 1.94% over the month.
Earnings per share for the fiscal year are expected to decrease by -30.64%, and 16.02% over the next financial year. EPS should grow at an annualized rate of 10.00% 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. Needham stated their Buy rating for the stock in a research note on November 22, 2024, with the firm’s price target at $84. Truist coverage for the Nike, Inc (NKE) stock in a research note released on October 10, 2024 offered a Buy rating with a price target of $97. Telsey Advisory Group was of a view on October 02, 2024 that the stock is Outperform, while Piper Sandler gave the stock Neutral rating on August 23, 2024, issuing a price target of $80. RBC Capital Mkts on their part issued Sector Perform rating on July 02, 2024.
