The price of Nike, Inc. (NYSE: NKE) closed at $90.33 in the last session, down -0.68% from day before closing price of $90.95. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 8852981 shares were traded.
Ratios:
We take a closer look at NKE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.70. 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 this company, Telsey Advisory Group on March 22, 2024, Reiterated its Outperform rating but revised its target price to $115 from $120 previously.
On March 22, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $110 to $100.
Telsey Advisory Group reiterated its Outperform rating for the stock on March 18, 2024, while the target price for the stock was revised from $140 to $120.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 137.80B and an Enterprise Value of 139.33B. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.55, and their Forward P/E ratio for the next fiscal year is 22.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65 while its Price-to-Book (P/B) ratio in mrq is 9.69. Its current Enterprise Value per Revenue stands at 2.70 whereas that against EBITDA is 23.28.
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 100.74, while the 200-Day Moving Average is calculated to be 104.22.
Shares Statistics:
According to the various share statistics, NKE traded on average about 9.47M shares per day over the past 3-months and 14.48M shares per day over the past 10 days. 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 68.38% stake in the company. Shares short for NKE as of Mar 15, 2024 were 17.26M with a Short Ratio of 1.82, compared to 15.53M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.14% and a Short% of Float of 1.76%.
Dividends & Splits
The forward annual dividend rate for NKE is 1.42, which was 1.42 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.56%, it implies a Forward Annual Dividend Yield of 1.57%. 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
The company has 23 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.85 for the current quarter, with a high estimate of $0.93 and a low estimate of $0.73, while EPS last year was $0.66. The consensus estimate for the next quarter is $0.88, with high estimates of $0.97 and low estimates of $0.68.
Analysts are recommending an EPS of between $3.92 and $3.44 for the fiscal current year, implying an average EPS of $3.58. EPS for the following year is $3.97, with 32 analysts recommending between $4.65 and $3.4.
Revenue Estimates
According to 23 analysts, the current quarter’s revenue is expected to be $12.88B. It ranges from a high estimate of $13B to a low estimate of $12.53B. As of the current estimate, Nike, Inc.’s year-ago sales were $12.82B, an estimated increase of 0.50% from the year-ago figure.
A total of 30 analysts have provided revenue estimates for NKE’s current fiscal year. The highest revenue estimate was $53B, while the lowest revenue estimate was $51.28B, resulting in an average revenue estimate of $51.7B. In the same quarter a year ago, actual revenue was $51.22B, up 0.90% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $52.53B in the next fiscal year. The high estimate is $56.5B and the low estimate is $50.88B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
