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After finishing at $94.64 in the prior trading day, Nike, Inc. (NYSE: NKE) closed at $93.94, down -0.74%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 5.31 million shares were traded. NKE stock price reached its highest trading level at $94.7891 during the session, while it also had its lowest trading level at $92.44.
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 13.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.82.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 11, 2024, Upgraded its rating to Buy and sets its target price to $113 from $110 previously.
On March 22, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $120 to $115.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on March 22, 2024, whereas the target price for the stock was revised from $110 to $100.
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 ’24 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 ’23. The EVP: CHRO now owns 44,736 shares after completing the transaction at $119.00 per share. On Oct 16 ’23, 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 142846115840 and an Enterprise Value of 143321169920. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.63, and their Forward P/E ratio for the next fiscal year is 23.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75 while its Price-to-Book (P/B) ratio in mrq is 9.98. Its current Enterprise Value per Revenue stands at 2.779 whereas that against EBITDA is 20.886.
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 -3.82%, while the 200-Day Moving Average is calculated to be -8.72%.
Shares Statistics:
The stock has traded on average 9.71M shares per day over the past 3-months and 9140260 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 1.17B. Insiders hold about 22.45% of the company’s shares, while institutions hold 67.51% stake in the company. Shares short for NKE as of 1713139200 were 19011146 with a Short Ratio of 1.96, compared to 1710460800 on 17258389. Therefore, it implies a Short% of Shares Outstanding of 19011146 and a Short% of Float of 1.95.
Dividends & Splits
In the trailing 12 months, NKE’s forward annual dividend rate was 1.42, compared to 1.42 this year. Against a Trailing Annual Dividend Yield of 0.015004226The stock’s 5-year Average Dividend Yield is 1.0.
