Nike, Inc (NYSE: NKE) is -27.00% 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 $77.40 in the last trading session, with the day’s gains setting it 1.86%.
Currently trading at $79.26, the stock is 3.72% and -1.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.24 million and changing 2.40% at the moment leaves the stock -8.75% off its SMA200. NKE registered -26.37% loss for a year compared to 6-month loss of -13.85%. The firm has a 50-day simple moving average (SMA 50) of $80.509 and a 200-day simple moving average (SMA200) of $86.9853.
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The stock witnessed a 0.52% gain in the last 1 month and extending the period to 3 months gives it a -7.07%, and is 5.84% 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 2.07% over the week and 1.91% over the month.
Nike, Inc (NKE) has around 79400 employees, a market worth around $121.60B and $50.06B in sales. Current P/E ratio is 22.73 and Fwd P/E is 24.85. Profit margin for the company is 10.59%. Distance from 52-week low is 12.03% and -35.77% from its 52-week high. The company has generated returns on investments over the last 12 months (21.58%).
with sales reaching $12.19B over the same period.The EPS is expected to shrink by -30.46% this year, but quarterly earnings will post -7.44% year-over-year. Quarterly sales are estimated to shrink -8.95% in year-over-year returns.
Nike, Inc (NKE) Top Institutional Holders
2984.0 institutions hold shares in Nike, Inc (NKE), with institutional investors hold 83.21% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.17B with Short Float at 1.98%. Institutions hold 81.80% 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 45,190 shares of the company’s common stock on Nov 14 ’24 at a price of $76.64 per share for a total of $3.46 million. Following the sale, the insider now owns 0.97 million shares.
Still, SEC filings show that on Aug 14 ’24, PARKER MARK G (EXECUTIVE CHAIRMAN) disposed off 52,487 shares at an average price of $78.00 for $4.09 million. The insider now directly holds 1,031,226 shares of Nike, Inc (NKE).
