Nike, Inc. (NYSE: NKE) is -27.32% lower on its value in year-to-date trading and has touched a low of $70.75 and a high of $123.39 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 $78.85 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $78.91, the stock is -3.69% and -4.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.61 million and changing 0.08% at the moment leaves the stock -11.77% off its SMA200. NKE registered -21.11% loss for a year compared to 6-month loss of -16.11%. The firm has a 50-day simple moving average (SMA 50) of $82.6154 and a 200-day simple moving average (SMA200) of $89.4346.
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The stock witnessed a -11.77% gain in the last 1 month and extending the period to 3 months gives it a 6.18%, and is -3.15% down 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 1.53% over the week and 2.00% over the month.
Nike, Inc. (NKE) has around 79400 employees, a market worth around $117.47B and $50.06B in sales. Current P/E ratio is 22.63 and Fwd P/E is 24.60. Profit margin for the company is 10.59%. Distance from 52-week low is 11.53% and -36.05% from its 52-week high. The company has generated returns on investments over the last 12 months (21.58%).
with sales reaching $12.2B over the same period.The EPS is expected to shrink by -30.41% this year, but quarterly earnings will post -7.30% year-over-year.
Nike, Inc. (NKE) Top Institutional Holders
2976.0 institutions hold shares in Nike, Inc. (NKE), with institutional investors hold 85.24% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.17B with Short Float at 2.00%. Institutions hold 84.02% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 111.59 million shares valued at $8.41 billion. The investor’s holdings represent 7.3999% of the NKE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.53 million shares valued at $6.9 billion to account for 6.0693 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.05 million shares representing 3.7172% and valued at over $4.25 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 1.7307 of the shares totaling 26.1 million with a market value of $1.97 billion.
Nike, Inc. (NKE) Insider Activity
The most recent transaction is an insider sale by PARKER MARK G, the company’s EXECUTIVE CHAIRMAN. SEC filings show that PARKER MARK G sold 52,487 shares of the company’s common stock on Aug 14 ’24 at a price of $78.00 per share for a total of $4.09 million. Following the sale, the insider now owns 1.03 million shares.
Still, SEC filings show that on Aug 07 ’24, Friend Matthew (EVP: CFO) disposed off 5,410 shares at an average price of $72.88 for $0.39 million. The insider now directly holds 16,814 shares of Nike, Inc. (NKE).
