NIKE - NKE Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 10 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NKE shares.
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30 analysts have issued 1 year target prices for NIKE's shares. Their NKE share price forecasts range from $115.00 to $176.00. On average, they predict the company's stock price to reach $137.46 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price.
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NIKE's stock was trading at $166.67 on January 1st, 2022. Since then, NKE shares have decreased by 34.9% and is now trading at $108.48.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
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NIKE will be holding an earnings conference call on Thursday, September 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

NIKE, Inc. (NYSE:NKE) announced its quarterly earnings results on Monday, June, 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.09. The footwear maker had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.10 billion. NIKE had a trailing twelve-month return on equity of 40.74% and a net margin of 12.94%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share.
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NIKE declared a quarterly dividend on Thursday, August 4th. Investors of record on Tuesday, September 6th will be given a dividend of $0.305 per share on Monday, October 3rd. This represents a $1.22 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, September 2nd.
Read our dividend analysis for NKE.

NIKE (NYSE:NKE) pays an annual dividend of $1.22 per share and currently has a dividend yield of 1.16%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NKE will have a dividend payout ratio of 26.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NKE.

NIKE shares split on Thursday, December 24th 2015. The 2-1 split was announced on Thursday, November 19th 2015. The newly issued shares were payable to shareholders after the closing bell on Wednesday, December 23rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

NIKE declared that its board has approved a stock repurchase plan on Monday, June 27th 2022, which authorizes the company to buyback $18,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 11% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

453 employees have rated NIKE Chief Executive Officer John Donahoe on Glassdoor.com. John Donahoe has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NIKE investors own include Walt Disney (DIS), NVIDIA (NVDA), Netflix (NFLX), Visa (V), Alibaba Group (BABA), Home Depot (HD), Starbucks (SBUX), Intel (INTC), Johnson & Johnson (JNJ) and Tesla (TSLA).

NIKE trades on the New York Stock Exchange (NYSE) under the ticker symbol "NKE."

NIKE's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.48%), FMR LLC (1.23%), Northern Trust Corp (1.05%), Price T Rowe Associates Inc. MD (1.05%), Jennison Associates LLC (0.84%) and Franklin Resources Inc. (0.61%). Insiders that own company stock include Andrew Campion, Chris L Abston, Chris L Abston, Elizabeth J Comstock, Elliott Hill, Heidi O'neill, Hilary K Krane, Hilary K Krane, John F Slusher, John G Connors, John G Connors, John W Rogers Jr, Mark G Parker, Matthew Friend, Monique S Matheson, Monique S Matheson, Peter B Henry and Timothy D Cook.
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Shares of NKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NKE stock can currently be purchased for approximately $108.48.

NIKE (NYSE:NKE) has a market capitalization of $170.16 billion and generates $46.71 billion in revenue each year. The footwear maker earns $6.05 billion in net income (profit) each year or $3.76 on an earnings per share basis.

The company employs 79,100 workers across the globe.

NIKE was founded in 1967.

NIKE's mailing address is ONE BOWERMAN DRIVE, BEAVERTON OR, 97005. The official website for the company is www.nike.com. The footwear maker can be reached via phone at (503) 671-6453, via email at investor.relations@nike.com, or via fax at 503-671-6300.