Currently, there are 1.49B 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 -0.40% and -10.74% over the past three months. NKE shares are trading -29.13% year to date (YTD), with the 12-month market performance down to -36.64% 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 12.35 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 -1.34%, -1.54%, and -9.02% respectively.
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Institutional ownership of Nike, Inc (NYSE: NKE) shares accounts for 65.02% of the company’s 1.49B shares outstanding.
It has a market capitalization of $114.29B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 23.77, while the earnings-per-share (ttm) stands at $3.24. The company has a PEG of 5.94 and a Quick Ratio of 1.51 with the debt-to-equity ratio at 0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 2.29% over the month.
Earnings per share for the fiscal year are expected to decrease by -43.54%, and 17.05% over the next financial year. EPS should shrink at an annualized rate of 4.00% 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. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on December 20, 2024, with the firm’s price target at $80. Wells Fargo coverage for the Nike, Inc (NKE) stock in a research note released on December 16, 2024 offered a Overweight rating with a price target of $92. Telsey Advisory Group was of a view on December 16, 2024 that the stock is Outperform, while Needham gave the stock Buy rating on November 22, 2024, issuing a price target of $84. Truist on their part issued Buy rating on October 10, 2024.
