These Numbers Show Favorable Signs for Nike, Inc. (NKE)

Nike, Inc. (NYSE: NKE) is -3.75% lower on its value in year-to-date trading and has touched a low of $88.66 and a high of $128.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NKE stock was last observed hovering at around $103.77 in the last trading session, with the day’s gains setting it 0.73%.

Currently trading at $104.50, the stock is 2.21% and -3.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.45 million and changing 0.70% at the moment leaves the stock -2.37% off its SMA200. NKE registered -14.98% loss for a year compared to 6-month loss of -4.15%. The firm has a 50-day simple moving average (SMA 50) of $3.12 and a 200-day simple moving average (SMA200) of $23.57.

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The stock witnessed a 0.70% gain in the last 1 month and extending the period to 3 months gives it a -4.47%, and is 3.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 1.90% over the month.

Nike, Inc. (NKE) has around Mar 01 2024 employees, a market worth around $158.34B and $51.51B in sales. Current P/E ratio is 30.52 and Fwd P/E is 24.65. Profit margin for the company is 10.29%. Distance from 52-week low is 17.87% and -18.79% from its 52-week high. The company has generated returns on investments over the last 12 months (20.49%).

Nike, Inc. quarterly earnings per share for the current quarter are estimated at $0.73 with sales reaching $12.28B over the same period.The EPS is expected to grow by 11.70% this year, but quarterly earnings will post 1.20% year-over-year.

Nike, Inc. (NKE) Top Institutional Holders

3,151 institutions hold shares in Nike, Inc. (NKE), with institutional investors hold 84.75% of the company’s shares. The shares outstanding are 1.23B, and float is at 1.18B with Short Float at 1.17%. Institutions hold 83.54% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 107.81 million shares valued at $11.9 billion. The investor’s holdings represent 8.81% of the NKE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 92.83 million shares valued at $10.25 billion to account for 7.58% of the shares outstanding. The other top investors are State Street Corporation which holds 55.21 million shares representing 4.51% and valued at over $6.09 billion, while Morgan Stanley holds 2.39% of the shares totaling 29.26 million with a market value of $3.23 billion.

Nike, Inc. (NKE) Insider Activity

A total of 18 insider transactions have happened at Nike, Inc. (NKE) in the last six months, with sales accounting for 4 and purchases happening 14 times. The most recent transaction is an insider sale by Matheson Monique S. ,the company’sEVP: CHRO. SEC filings show that Matheson Monique S. sold 10,000 shares of the company’s common stock on Dec 11 at a price of $119.00 per share for a total of $1.19 million. Following the sale, the insider now owns 44736.0 shares.

Nike, Inc. disclosed in a document filed with the SEC on Oct 16 that PARKER MARK G (EXECUTIVE CHAIRMAN) sold a total of 58,091 shares of the company’s common stock. The trade occurred on Oct 16 and was made at $99.60 per share for $5.79 million. Following the transaction, the insider now directly holds 1.26 million shares of the NKE stock.

Still, SEC filings show that on Oct 02, SWAN ROBERT HOLMES (Director) acquired 13,072 shares at an average price of $96.13 for $1.26 million. The insider now directly holds 18,005 shares of Nike, Inc. (NKE).

Nike, Inc. (NKE): Who are the competitors?

VF Corp. (VFC) that is -43.56% lower over the same period.