Is Nike a good stock to buy?
Is Nike stock a Buy, Sell or Hold? Nike stock has received a consensus rating of buy. The average rating score is and is based on 84 buy ratings, 12 hold ratings, and 1 sell ratings.
Is Nike stock expected to go up?
Nike Stock Forecast
The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 22.59% from the current stock price of 94.90.
Where will Nike stock be in 5 years?
NIKE stock price stood at $94.64
According to the latest long-term forecast, NIKE price will hit $100 by the end of 2024 and then $110 by the middle of 2026. NIKE will rise to $125 within the year of 2027, $150 in 2029 and $200 in 2035.
Is Nike a good investment for 2024?
Investors should brace for continued soft sales trends in 2024. On the plus side, Nike's profit margin has been improving. Inventory levels are also coming down -- a good sign.
Is Nike a low risk stock?
Nike Inc exhibits very low volatility with skewness of -1.03 and kurtosis of 4.33. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nike's stock risk against market volatility during both bullish and bearish trends.
Is Nike a buy hold or sell?
Nike's analyst rating consensus is a Moderate Buy. This is based on the ratings of 29 Wall Streets Analysts.
Who is the largest shareholder of Nike?
The top shareholders of Nike are Phil Knight, Mark Parker, Andrew Campion, Swoosh LLC, Vanguard Group Inc., and BlackRock Inc. (BLK). Below, we take a closer look at the top six shareholders of Nike. Note that Nike has two classes of stock.
Is NIKE a growth or dividend stock?
NIKE, Inc.'s ( NKE ) dividend yield is 1.57%, which means that for every $100 invested in the company's stock, investors would receive $1.57 in dividends per year. NIKE, Inc.'s payout ratio is 40.78% which means that 40.78% of the company's earnings are paid out as dividends.
What will NIKE stock be worth in 2030?
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 131.90 | 39.36% |
| 2028 | $ 147.33 | 55.67% |
| 2029 | $ 164.56 | 73.88% |
| 2030 | $ 183.82 | 94.22% |
Is Nike a good long term investment?
From a valuation perspective, Nike stock trades at a next 12-month (NTM) price-to-earnings (PE) multiple of 23.2x, which is almost the lowest this metric has been over the last five years. Nike has historically commanded premium valuations, and its average NTM PE over the last five years has been 33.7x.
Why is investing in Nike a good idea?
The other great reason to like Nike's stock today is its compelling valuation. You can own shares for about 3 times annual sales, which is near the lowest valuation investors have seen in several years.
Why did Nike stock drop so much?
While earnings beat expectations, the stock suffered its biggest loss in more than a year after management warned of softening sales for the rest of Nike's fiscal year, which ends in May. At the time, Nike flagged consumer caution from Europe to China for its more modest outlook.
Is Nike profitable?
NIKE gross profit for the twelve months ending November 30, 2023 was $22.657B, a 3.48% increase year-over-year. NIKE annual gross profit for 2023 was $22.292B, a 3.79% increase from 2022. NIKE annual gross profit for 2022 was $21.479B, a 7.6% increase from 2021.
Do Nike employees get stock?
Employee stock purchase plan
Nike gives employees the opportunity to buy Nike stock at a discounted price through ESPP.
Who owns Nike?
Nike is mainly owned by institutional investors, who hold around 68% of all shares. The 10 largest shareholders of Nike in early 2024 were: Phil Knight (17.4%) Vanguard (7.23%)
What's the highest Nike stock price ever?
- The all-time high NIKE stock closing price was 172.49 on November 05, 2021.
- The NIKE 52-week high stock price is 128.68, which is 36.9% above the current share price.
- The NIKE 52-week low stock price is 88.66, which is 5.7% below the current share price.
Does Nike offer dividends?
Quarterly dividends on NIKE common stock, when declared by the Board of Directors, are paid on a calendar year basis on or about January 5, April 5, July 5 and October 5. All dividend amounts have been restated to reflect all historical stock splits and have been rounded to the nearest thousandth.
Is the owner of Nike a billionaire?
Philip Hampson Knight (born February 24, 1938) is an American billionaire business magnate who is the co-founder and chairman emeritus of Nike, Inc., a global sports equipment and apparel company. He was previously its chairman and CEO. As of December 2023, Forbes estimated his net worth at $45.0 billion.
What companies do Nike own?
Now in its sixth decade, Nike owns a multitude of world-famous brands such as Nike Pro, Nike Golf, Nike+, Air Force 1, Air Jordan, Air Max, Nike Blazers, Nike Dunk, Nike Skateboarding and Nike CR7. It also owns subsidiaries such as Brand Jordan, Converse and Hurley International.
Does Black Rock own Nike?
2024-01-26 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 89,773,424 shares of NIKE, Inc. (US:NKE). This represents 7.3 percent ownership of the company.
Who is the CEO of Nike?
John Donahoe, President & CEO - NIKE, Inc.
How much has Michael Jordan made from Nike over the years?
Last year, Michael Jordan made an estimated $150 million from his partnership with Nike. While estimates vary, he's likely earned a total of at least $1.5 billion since 1986. (Good money if you can get it.) But here's the thing.
Who are Nike's biggest competitors?
Nike competitors include Skechers U.S.A., adidas, New Balance, ASICS America and Steve Madden. Nike ranks 1st in Overall Culture Score on Comparably vs its competitors.
