Nike, Inc (NYSE: NKE) is -25.84% lower on its value in year-to-date trading and has touched a low of $52.28 and a high of $98.04 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 $55.76 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $56.12, the stock is -5.48% and -18.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.28 million and changing 0.65% at the moment leaves the stock -25.70% off its SMA200. NKE registered -40.83% loss for a year compared to 6-month loss of -33.14%. The firm has a 50-day simple moving average (SMA 50) of $68.9146 and a 200-day simple moving average (SMA200) of $75.5283.
The stock witnessed a -21.90% gain in the last 1 month and extending the period to 3 months gives it a -20.78%, and is 3.18% 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 3.82% over the week and 5.35% over the month.
Nike, Inc (NKE) has around 79400 employees, a market worth around $82.83B and $47.91B in sales. Current P/E ratio is 18.67 and Fwd P/E is 28.59. Profit margin for the company is 9.41%. Distance from 52-week low is 7.35% and -42.76% from its 52-week high. The company has generated returns on investments over the last 12 months (18.45%).
with sales reaching $10.66B over the same period.The EPS is expected to shrink by -46.20% this year, but quarterly earnings will post -10.69% year-over-year. Quarterly sales are estimated to shrink -15.42% in year-over-year returns.
Nike, Inc (NKE) Top Institutional Holders
2923.0 institutions hold shares in Nike, Inc (NKE), with institutional investors hold 83.85% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 3.85%. Institutions hold 82.41% 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 7.3649% 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 6.0407 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.05 million shares representing 3.6996% and valued at over $4.25 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 1.7225 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 SWAN ROBERT HOLMES, the company’s Director. SEC filings show that SWAN ROBERT HOLMES bought 8,600 shares of the company’s common stock on Apr 04 ’25 at a price of $58.46 per share for a total of $0.5 million. Following the purchase, the insider now owns 31983.0 shares.
Nike, Inc disclosed in a document filed with the SEC on Feb 14 ’25 that PARKER MARK G (EXECUTIVE CHAIRMAN) sold a total of 169,732 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $72.83 per share for $12.36 million. Following the transaction, the insider now directly holds 0.9 million shares of the NKE stock.
Still, SEC filings show that on Feb 13 ’25, Leinwand Robert (EVP: Chief Legal Officer) disposed off 4,506 shares at an average price of $72.81 for $0.33 million. The insider now directly holds 30,943 shares of Nike, Inc (NKE).
