Nike, Inc (NYSE: NKE) is -31.24% lower on its value in year-to-date trading and has touched a low of $70.75 and a high of $109.96 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 $76.42 in the last trading session, with the day’s loss setting it -1.77%.
Currently trading at $74.65, the stock is -3.67% and -3.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.03 million and changing -2.32% at the moment leaves the stock -11.10% off its SMA200. NKE registered -31.40% loss for a year compared to 6-month gain of -2.84%. The firm has a 50-day simple moving average (SMA 50) of $77.5138 and a 200-day simple moving average (SMA200) of $83.9678.
The stock witnessed a -4.71% loss in the last 1 month and extending the period to 3 months gives it a -15.55%, and is -2.98% 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 1.77% over the week and 2.20% over the month.
Nike, Inc (NKE) has around 79400 employees, a market worth around $110.37B and $49.03B in sales. Current P/E ratio is 23.07 and Fwd P/E is 29.07. Profit margin for the company is 9.97%. Distance from 52-week low is 5.51% and -32.11% from its 52-week high. The company has generated returns on investments over the last 12 months (19.88%).
with sales reaching $11.04B over the same period.The EPS is expected to shrink by -45.20% this year, but quarterly earnings will post -10.35% year-over-year. Quarterly sales are estimated to shrink -11.20% in year-over-year returns.
Nike, Inc (NKE) Top Institutional Holders
2988.0 institutions hold shares in Nike, Inc (NKE), with institutional investors hold 83.19% of the company’s shares. The shares outstanding are 1.49B, and float is at 1.17B with Short Float at 2.04%. Institutions hold 81.77% 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 purchase by ROGERS JOHN W JR, the company’s Director. SEC filings show that ROGERS JOHN W JR bought 2,500 shares of the company’s common stock on Dec 27 ’24 at a price of $76.65 per share for a total of $0.19 million. Following the purchase, the insider now owns 34403.0 shares.
Nike, Inc disclosed in a document filed with the SEC on Nov 14 ’24 that PARKER MARK G (EXECUTIVE CHAIRMAN) sold a total of 45,190 shares of the company’s common stock. The trade occurred on Nov 14 ’24 and was made at $76.64 per share for $3.46 million. Following the transaction, the insider now directly holds 0.97 million shares of the NKE stock.
Still, SEC filings show that on Nov 14 ’24, PARKER MARK G (Officer) Proposed Sale 45,190 shares at an average price of $76.64 for $3.46 million. The insider now directly holds shares of Nike, Inc (NKE).
