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 -0.57% and -4.27% over the past three months. NKE shares are trading -28.89% year to date (YTD), with the 12-month market performance down to -36.21% 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 11.92 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 -0.26%, -1.64%, and -9.17% 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 $113.87B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 22.14, while the earnings-per-share (ttm) stands at $3.49. The company has a PEG of 2.21 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 2.36% over the week and 2.17% over the month.
Earnings per share for the fiscal year are expected to decrease by -32.27%, and 15.02% 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. Wells Fargo stated their Overweight rating for the stock in a research note on December 16, 2024, with the firm’s price target at $95-$92. Telsey Advisory Group coverage for the Nike, Inc (NKE) stock in a research note released on December 16, 2024 offered a Outperform rating with a price target of $93. Needham was of a view on November 22, 2024 that the stock is Buy, while Truist gave the stock Buy rating on October 10, 2024, issuing a price target of $83- $97. Telsey Advisory Group on their part issued Outperform rating on October 02, 2024.
