After finishing at $103.93 in the prior trading day, Nike, Inc. (NYSE: NKE) closed at $101.88, down -1.97%. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 7345126 shares were traded.
Ratios:
Our goal is to gain a better understanding of NKE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.83.
On January 22, 2024, HSBC Securities reiterated its Hold rating and also upped its target price recommendation from $120 to $116.
HSBC Securities reiterated its Hold rating for the stock on January 22, 2024, while the target price for the stock was revised from $120 to $115.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 14 when PARKER MARK G sold 168,378 shares for $105.00 per share. The transaction valued at 17,679,690 led to the insider holds 1,178,845 shares of the business.
Matheson Monique S. sold 10,000 shares of NKE for $1,190,000 on Dec 11. The EVP: CHRO now owns 44,736 shares after completing the transaction at $119.00 per share. On Oct 16, another insider, PARKER MARK G, who serves as the EXECUTIVE CHAIRMAN of the company, sold 58,091 shares for $99.60 each. As a result, the insider received 5,785,864 and left with 1,255,600 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NKE now has a Market Capitalization of 154.36B and an Enterprise Value of 156.61B. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.75, and their Forward P/E ratio for the next fiscal year is 24.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 10.93. Its current Enterprise Value per Revenue stands at 3.04 whereas that against EBITDA is 22.99.
Stock Price History:
Over the past 52 weeks, NKE has reached a high of $128.68, while it has fallen to a 52-week low of $88.66. The 50-Day Moving Average of the stock is 104.98, while the 200-Day Moving Average is calculated to be 105.54.
Shares Statistics:
The stock has traded on average 9.25M shares per day over the past 3-months and 7.94M shares per day over the last 10 days, according to various share statistics. A total of 1.23B shares are outstanding, with a floating share count of 1.18B. Insiders hold about 22.37% of the company’s shares, while institutions hold 67.82% stake in the company. Shares short for NKE as of Feb 15, 2024 were 15.53M with a Short Ratio of 1.68, compared to 13.8M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.02% and a Short% of Float of 1.58%.
Dividends & Splits
In the trailing 12 months, NKE’s forward annual dividend rate was 1.39, compared to 1.76 this year. Against a Trailing Annual Dividend Yield of 1.34%, it implies a Forward Annual Dividend Yield of 1.45%. The stock’s 5-year Average Dividend Yield is 0.99. The current Payout Ratio is 41.03% for NKE, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Dec 24, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 25 different market analysts. On average, analysts expect EPS of $0.73 for the current quarter, with a high estimate of $0.9 and a low estimate of $0.47, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.89, with high estimates of $1.03 and low estimates of $0.81.
Analysts are recommending an EPS of between $3.92 and $3.41 for the fiscal current year, implying an average EPS of $3.59. EPS for the following year is $4.24, with 38 analysts recommending between $4.8 and $3.71.
Revenue Estimates
A total of 37 analysts have provided revenue estimates for NKE’s current fiscal year. The highest revenue estimate was $53B, while the lowest revenue estimate was $51.5B, resulting in an average revenue estimate of $51.82B. In the same quarter a year ago, actual revenue was $51.22B, up 1.20% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $55B in the next fiscal year. The high estimate is $56.7B and the low estimate is $53.47B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
