Nike, Inc (NYSE: NKE) is 1.10% higher on its value in year-to-date trading and has touched a low of $68.62 and a high of $106.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NKE stock was last observed hovering at around $77.23 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $76.50, the stock is 2.51% and 2.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.8 million and changing -0.95% at the moment leaves the stock -4.94% off its SMA200. NKE registered -25.94% loss for a year compared to 6-month loss of -8.45%.
The stock witnessed a 3.32% gain in the last 1 month and extending the period to 3 months gives it a 2.15%, and is 4.49% 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 2.40% over the week and 2.87% over the month.
Nike, Inc (NKE) has around 79400 employees, a market worth around $113.15B and $49.05B in sales. Current P/E ratio is 23.63 and Fwd P/E is 31.10. Profit margin for the company is 9.96%. Distance from 52-week low is 11.48% and -28.25% from its 52-week high. The company has generated returns on investments over the last 12 months (19.88%).
with sales reaching $11.02B over the same period.The EPS is expected to shrink by -47.55% this year, but quarterly earnings will post -10.40% year-over-year. Quarterly sales are estimated to shrink -11.33% in year-over-year returns.
Nike, Inc (NKE) Top Institutional Holders
The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 2.49%.
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’sEXECUTIVE CHAIRMAN. SEC filings show that PARKER MARK G sold 169,732 shares of the company’s common stock on Feb 14 ’25 at a price of $72.83 per share for a total of $12.36 million. Following the sale, the insider now owns 0.9 million shares.
Nike, Inc disclosed in a document filed with the SEC on Feb 13 ’25 that Leinwand Robert (EVP: Chief Legal Officer) sold a total of 4,506 shares of the company’s common stock. The trade occurred on Feb 13 ’25 and was made at $72.81 per share for $0.33 million. Following the transaction, the insider now directly holds 30943.0 shares of the NKE stock.
Still, SEC filings show that on Feb 14 ’25, PARKER MARK G (Officer) Proposed Sale 169,732 shares at an average price of $72.83 for $12.36 million. The insider now directly holds shares of Nike, Inc (NKE).
