Is Nike still a winning apparel stock?
Nike (NYSE:NKE) has long been associated with a winning attitude. And the stock, which has increased ... round out their knowledge of the sports apparel juggernaut that is Nike.
What is the market share of Nike?
There are 83.04% institutions holding the NIKE Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Sep 29, 2021, the company held 8.30% of the shares, roughly 106.09 million NKE shares worth $15.41 billion.
How much is Nike stock dividend?
NIKE pays an annual dividend of $1.10 per share, with a dividend yield of 0.81%. NKE's next quarterly dividend payment will be made to shareholders of record on Thursday, July 1. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 10.93% each year.
Where can you buy Nike stock?
NIKE Inc. (NYSE:NKE)’s traded shares stood at 2.33 million during the latest session, with the company’s beta value hitting 0.94. At the last check today, the stock’s price was $177.00, to imply an increase of 3.30% or $5.65 in intraday trading.
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Is Nike stock a good buy now?
Nike is trading at 35 times earnings today, below the company's five-year average price-to-earnings (P/E) multiple of 43. It was trading above its historical average at the start of the year, but the P/E has quickly contracted, which leads me to believe that now is a good time to buy shares.
Why did Nike stock rise?
Shares of Nike gained strong upside momentum after the company released its fiscal third quarter earnings report. The company reported revenue of $10.9 billion and GAAP earnings of $0.87 per share, beating analyst estimates on both earnings and revenue.
Is Nike declining?
Shares of NIKE declined 2.7% following the fourth-quarter fiscal 2022 results. Overall, shares of the Zacks Rank #5 (Strong Sell) company have plunged 20.6% in the past three months compared with the industry's decline of 17.8%.
Is Nike doing well?
Nike just wrapped its fiscal year 2021 achieving record revenues of $44.5B, a gain of 19% over the prior year. Nike Direct, the company's direct to consumer arm grew 32%, driven by 60% growth in digital.
Why did Nike stock decrease?
In an industry pressured by soaring inflation, Nike Inc. is suffering more than most as its exposure to the fallout from the war in Ukraine and supply-chain issues put its shares on track for their worst quarter since 2008.
Will Nike stock go up or down?
Stock Price Forecast The 28 analysts offering 12-month price forecasts for Nike Inc have a median target of 160.50, with a high estimate of 195.00 and a low estimate of 125.00. The median estimate represents a +33.31% increase from the last price of 120.40.
Does NIKE own converse?
Converse (/ˈkɒnvərs/) is an American shoe company that designs, distributes, and licenses sneakers, skating shoes, lifestyle brand footwear, apparel, and accessories. Founded in 1908, it has been a subsidiary of Nike, Inc.
How much money does NIKE make a year?
The company experienced around 18.7% growth in its net revenues in 2021 compared to the previous year. Net revenue of Nike Inc grew to $39.12 billion in 2019 (highest in its history) from $36.4 billion in 2018. Net Revenue of Nike rose to $36.4 billion in 2018 from $34.35 Billion in 2017.
How much money did NIKE make in 2018?
$36,397Compare NKE With Other StocksNIKE Annual Revenue (Millions of US $)2019$39,1172018$36,3972017$34,3502016$32,3769 more rows
What affects Nike stock?
Some of the things investors should be aware of that impact Nike's financial and its stock include currency fluctuations, consumer tastes, geopolitical tensions, new technology, and personnel among others.
What makes Nike so successful?
By offering more products to more people, in more markets than any other sports company, they are able to capture a far greater market share of the market than any other company. Like most leaders in the market, Nike values the consumer and the importance of providing a quality product.
What is Nike current financial situation?
(NYSE:NKE) today reported fiscal 2022 financial results for its third quarter ended February 28, 2022. NIKE Direct sales were $4.6 billion, up 15 percent on a reported basis and up 17 percent on a currency-neutral basis.
Should I buy or sell NIKE stock right now?
29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last twelve months. There are currently 1 s...
What is NIKE's stock price forecast for 2022?
29 Wall Street research analysts have issued 12 month target prices for NIKE's shares. Their forecasts range from $139.00 to $195.00. On average, t...
How has NIKE's stock price performed in 2022?
NIKE's stock was trading at $166.67 at the beginning of 2022. Since then, NKE stock has decreased by 31.2% and is now trading at $114.73. View the...
Are investors shorting NIKE?
NIKE saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 9,850,000 shares, a drop of 23.2% from the...
When is NIKE's next earnings date?
NIKE is scheduled to release its next quarterly earnings announcement on Monday, June 27th 2022. View our earnings forecast for NIKE .
How can I listen to NIKE's earnings call?
NIKE will be holding an earnings conference call on Monday, June 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call...
How were NIKE's earnings last quarter?
NIKE, Inc. (NYSE:NKE) posted its quarterly earnings results on Monday, March, 21st. The footwear maker reported $0.87 earnings per share for the qu...
How often does NIKE pay dividends? What is the dividend yield for NIKE?
NIKE declared a quarterly dividend on Thursday, May 5th. Investors of record on Monday, June 6th will be paid a dividend of $0.305 per share on Fri...
Is NIKE a good dividend stock?
NIKE(NYSE:NKE) pays an annual dividend of $1.22 per share and currently has a dividend yield of 1.03%. NIKE has been increasing its dividend for 21...
What is the dividend payout ratio of Nike?
What is Nike shoes?
NIKE does not yet have a strong track record of dividend growth. The dividend payout ratio of NIKE is 30.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NIKE will have a dividend payout ratio of 22.04% next year.
What stocks have high ROE?
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. Additionally, the company licenses agreements that permit 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. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
What are the best stocks to buy in June 2021?
NIKE (NKE), KLA Corporation (KLAC), Whirlpool (WHR), CBRE Group (CBRE) and Seagate (STX) are some of the stocks with high ROE to benefit as markets stumble on their growth trajectories. Zacks • 4 days ago.
Who won the first gold medal in skateboarding?
The best Dow Jones stocks to buy and watch in June 2021 are Apple, Boeing, Disney, Goldman Sachs and Microsoft.
How long did Nike stores close?
The first Olympic gold medal in skateboarding went to a Nike athlete. Japan's Yuto Horigome, sponsored by Nike, beat out competition from Brazil and the US in the street skating competition. Badass teenagers are safeguarding skateboarding's counterculture even as they become Olympic medalists. Yahoo Sports.
How much did Nike lose in 2020?
Nike said that approximately 90% of its stores were closed for about eight weeks in most global locations during Q4 in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. This does not include Greater China.
What happened to Nike in May?
2 Nike posted its first quarterly loss in at least 16 quarters, losing $0.51 a share compared to a profit of $0.62 a share in the same quarter a year earlier.
Is Nike stock going up in 2020?
The worst was yet to come. In late June, Nike announced that global sales plummeted 38% in the three months that ended in May. Inventory spiked, profits dropped, and the company raced into the debt market to offset slumping cash flow. Image source: Getty Images.
Is Nike a good company in 2020?
Nike ( NYSE:NKE) stock is ending 2020 with a bang. Its outperformance over the S&P 500 reached its highest point in the final week of the year, with shareholders looking at 40% return compared to 15% for the wider market.
Is Nike a direct consumer?
Nike had a good 2020 but should reward shareholders who hold on through the next three to five years. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley!
Is Adidas a competitor to Nike?
As a result, Nike has increasingly adopted a direct-to-consumer strategy for its business, discarding the traditional method of selling products through retailers. The latest earnings show that despite trade tensions between the U.S. and China, the company wasn’t hit as hard by tariffs as some of its peers.
How much has Nike stock climbed in 2020?
While Adidas is still the company’s biggest rival globally, it “has lost market share to Nike in some areas,” Morningstar analyst David Swartz told Forbes. He also pegs ANTA, the largest Chinese sportswear company, as a legitimate competitor in China, though its market share still lags slightly behind Nike and Adidas.
How much has the sportswear company surged in 2020?
Nike stock has climbed nearly 18% in 2020, and is bumping up against new all-time highs ahead of its fiscal first-quarter earnings report, due next week. Piper Sandler sees more records on tap.
Is Nike going to be in fiscal 2021?
The sportswear company’s shares have surged more than 18% in 2020, and analyst price targets are rising to keep pace with the stock ahead of the sportswear giant’s earnings report next week. have crept higher ahead of the results, much as they did before its fiscal third quarter, delivered in June.
Is Nike stock going up in 2020?
Nike will likely lay out its blueprint for fiscal 2021 on the company’s conference call. While pandemic-related sales declines will likely persist into its fiscal second-quarter, she thinks revenue from China and e-commerce alone “could help support sales for the year to be ‘at least flat’ (current guidance is ‘flat’).”.
How much did Nike stock fall in 2008?
Nike stock has climbed nearly 18% in 2020, and is bumping up against new all-time highs ahead of its fiscal first-quarter earnings report, due next week. Piper Sandler sees more records on tap. Analyst Erinn Murphy reiterated an Overweight rating on Nike shares (ticker: NKE) on Wednesday and raised her price target to $130 from $112.
Is Nike closing stores in Asia?
Keeping in mind the fact that Nike stock has fallen by 16% this time around compared to the 28% decline during the 2008 recession, we can expect it to recover by almost 17% to levels of $102 once economic conditions begin to show signs of improving. This marks a full recovery to the $102-level Nike stock was before the coronavirus outbreak gained ...
Is Nike stock in a global health emergency?
Additionally, Nike has temporarily shuttered stores outside the Asia-Pacific region, which is further impacting the company’s performance.
