Nike, Inc., the world's largest athletic apparel company, was founded in 1964 as Blue Ribbon Sports and is currently headquartered in Beaverton, Oregon. The company is best known for designing, developing and worldwide marketing and selling of athletic footwear, apparel, equipment and accessories. With a diverse range of products, Nike operates globally and has a significant presence in the athletic and sports industry, employing over 79,100 people worldwide and generating substantial revenues and profits.
July 2, 2024: Nike stock dropped by over 20% in its worst-ever day since going public in 1980. The stock has been downgraded by several analysts after weak guidance in its latest earnings call.
June 28, 2024: Nike stock took a brief tumble after it projected a larger sales decline than first expected during its guidance in its latest earnings report.
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| Open | $71.53 |
|---|---|
| High | $72.43 |
| Low | $70.91 |
| Close | $71.41 |
| Previous close | $71.09 |
| Change | $0.32 |
| Change % | 0.4501% |
| Volume | 13,694,069 |
| 52-week range | $71.24 - $122.47 |
|---|---|
| 50-day moving average | $88.20 |
| 200-day moving average | $98.94 |
| Wall St. target price | $92.45 |
| PE ratio | 19.4048 |
| Dividend yield | $1.45 (2.04%) |
| Earnings per share (TTM) | $3.73 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $71.41 from 2024-07-24
| 1 week (2024-07-19) | -1.77% |
|---|---|
| 1 month (2024-06-26) | -24.08% |
| 3 months (2024-04-26) | -24.13% |
| 6 months (2024-01-26) | -30.50% |
| 1 year (2023-07-26) | -34.67% |
|---|---|
| 2 years (2022-07-26) | -32.12% |
| 3 years (2021-07-26) | 165.09 |
| 5 years (2019-07-26) | 85.9167 |
Valuing Nike stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nike's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Nike's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Nike shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Nike's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0302. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nike's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Nike's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.5 billion.
The EBITDA is a measure of a Nike's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $51.4 billion |
|---|---|
| Operating margin TTM | 12.57% |
| Gross profit TTM | $21.5 billion |
| Return on assets TTM | 11.06% |
| Return on equity TTM | 40.09% |
| Profit margin | 11.1% |
| Book value | $9.57 |
| Market Capitalization | $109.2 billion |
TTM: trailing 12 months
Dividend payout ratio: 36.62% of net profits
Recently Nike has paid out, on average, around 36.62% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.04% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nike shareholders could enjoy a 2.04% return on their shares, in the form of dividend payments. In Nike's case, that would currently equate to about $1.45 per share.
While Nike's payout ratio might seem fairly standard, it's worth remembering that Nike may be investing much of the rest of its net profits in future growth.
Nike's most recent dividend payout was on 30 June 2024. The latest dividend was paid out to all shareholders who bought their shares by 2 June 2024 (the "ex-dividend date").
Nike's shares were split on a 2:1 basis on 23 December 2015. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Nike shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Nike shares which in turn could have impacted Nike's share price.
Over the last 12 months, Nike's shares have ranged in value from as little as $71.24 up to $122.4737. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Nike's is 1.009. This would suggest that Nike's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
NIKE, Inc. , together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. It also sells a line of performance equipment and accessories comprising bags, sport balls, socks, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. In addition, the company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel; and licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. NIKE, Inc.
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