What will Nike’s stock price be in 2022?
CNN Money surveyed 28 analysts for their Nike stock forecast for 2022, and the median prediction was $184.50, up 17.4% from its closing price on 20 December. The most optimistic analyst saw Nike standing at $206 in 12 months’ time, while the most pessimistic saw a fall to $154.
What year did Nike stock reach $1?
Nike stock price first reached the $1 mark on September 21st, 1989. Nike began paying a quarterly cash dividend in 1984. On December 3rd, 1990, Nike stock price closed at $1.10. Nike stock price had increased by 511% in a decade.
What is Nike stock forecast 12-21-2021?
NIKE Stock Forecast 12-21-2021. Forecast target price for 12-21-2021: $ 159.14. Negative dynamics for NIKE shares will prevail with possible volatility of 2.393%. NIKE Stock Forecast 12-22-2021. Forecast target price for 12-22-2021: $ 159.28. Positive dynamics for NIKE shares will prevail with possible volatility of 3.628%.
What is the average stock price for Nike in the US?
The average NIKE stock price for the last 52 weeks is 149.27. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.
Is Nike stock expected to rise?
Stock Price Forecast The 29 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 100.00. The median estimate represents a +14.85% increase from the last price of 113.19.
Why did Nike stock drop?
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.
Is Nike a good investment?
Investors can expect another fruitful year out of Nike in fiscal 2022 (which ends May 31). The analysts consensus forecast calls for full-year revenue of $46.9 billion and EPS of $3.74, translating to 5% growth for both metrics.
Is Nike stock overpriced?
Considering the price multiples, again Nike is very overvalued since its multiples are far higher than those of its competitors in the same sector.
Is Nike a good stock to buy 2022?
According to financial projections sourced from S&P Capital IQ, Nike is expected to achieve revenue and normalized EPS CAGRs of +9.9% and +17.7%, respectively for the FY 2022-2025 period. Wall Street also sees NKE generating a 48.6% gross profit margin and a 17.9% EBIT margin in FY 2025.
What is wrong with Nike stock?
Nike (NKE -2.24%) is having a rough start to 2022. The stock is down 21% through the first two months, and the company is hampered with output disruptions due to the pandemic and its myriad consequences. Fortunately, consumer demand for its products is resilient.
Is Nike a Buy or sell Right Now?
NIKE has received a consensus rating of Buy. The company's average rating score is 2.74, and is based on 20 buy ratings, 7 hold ratings, and no sell ratings.
Is Nike a good dividend stock?
Nike is a Dividend Contender with 21 consecutive years of dividend growth. Shares currently yield 0.88%. Nike shares are off more than 20% from the highs reached in November 2021 and are much more attractive than just a few months ago.
What is the highest Nike stock has been?
The latest closing stock price for NIKE as of July 22, 2022 is 109.12.The all-time high NIKE stock closing price was 177.51 on November 05, 2021.The NIKE 52-week high stock price is 179.10, which is 64.1% above the current share price.More items...
Why to invest in Nike?
The global leader in athletic apparel is a market outperformer that can help investors sleep well at night. Over the trailing five- and 10-year periods, Nike's (NKE 2.53%) stock has produced stellar returns of 129% and 353%, respectively, handily beating the S&P 500.
Why has Nike stock gone up?
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.
What is the fair value of Nike?
NIKE's fair value is $123.64.
Are Nike sales dropping?
Wholesale distribution plans Foot Locker, one of Nike's biggest vendor partners, disclosed in late February that its mix of sales from Nike will fall from 65% in the fourth quarter of 2021 to 55% in the fourth quarter of 2022, with a chance it will drop even lower.
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 stock a Buy, Sell or Hold?
Nike stock has received a consensus rating of buy. The average rating score is and is based on 93 buy ratings, 5 hold ratings, and 1 sell ratings.
What was the 52-week low for Nike stock?
The low in the last 52 weeks of Nike stock was 103.50. According to the current price, Nike is 110.85% away from the 52-week low.
What was the 52-week high for Nike stock?
The high in the last 52 weeks of Nike stock was 179.10. According to the current price, Nike is 64.06% away from the 52-week high.
What are analysts forecasts for Nike stock?
The 99 analysts offering price forecasts for Nike have a median target of 160.80, with a high estimate of 221.00 and a low estimate of 104.00. The...
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 are the best stocks to buy in June 2021?
What stocks have high ROE?
The best Dow Jones stocks to buy and watch in June 2021 are Apple, Boeing, Disney, Goldman Sachs and Microsoft.
What was the stock price of Nike on November 15th?
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.
When did Nike increase its dividend?
On November 15th, Nike stock price closed at a price of $56.63. This represents an increase of over 11% compared to the low on October 13th and a year over year increase of almost 13%.
How much did Nike stock go up in 1995?
In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split. Nike stock price rocketed on the news. In 2017, the stock performed reasonably well.
How much did Nike make in 1981?
The stock continued to perform well into the 1990s. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35. In just one year’s time, the stock’s value had increased by 87%. Growth was a constant.
How much is Nike stock expected to be in 2021?
In 1981, its revenues reached almost $458 million. For comparison, back in 1972 Nike’s annual revenue was $2 million. From 1972 to 1981, NIKE Inc.’s net income grew at a pace of almost 100% per year. On IPO day Nike stock price closed at $0.18 on the first day of trade.
When will Nike release its first quarter results?
CNN Money surveyed 26 analysts for their Nike stock forecast for 2021 and 2022, and the median prediction was $185, up 16% from its closing price on 23 September. The most optimistic analyst saw Nike standing at $221 in 12 months’ time, up 38.6%, while the most pessimistic saw a fall of 1.5% to $157.
Who is the chief financial officer of Nike?
The sportswear giant Nike seemed to be tripping over its own feet when it released its first-quarter results in August 2021 with Covid-induced problems hurting its supply chain and threatening its sales for the 2021 holiday season.
What is the target price for NIKE stock in 2021?
Nike's chief financial officer, Matt Friend, admitted in an earnings call that the company had found things challenging, with problems in the supply chain hitting business.
How do we forecast NIKE stock?
Forecast target price for 11-26-2021: $ 176.65. Positive dynamics for NIKE shares will prevail with possible volatility of 2.748%.
When did Nike start?
We forecast NIKE stock performance using neural networks based on historical data on NIKE stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
How to calculate market capitalization?
The company was founded in 1964 by student Phil Knight and his coach Bill Bowerman. Knight came up with the idea, but it took money to get started. The student turned to the coach for help. Initially, the partners did not produce sports shoes – they bought them from ASICS and resold them in the States, but over time they came to the idea of their own production. The first pair of Nike sneakers appeared in 1971 – they were sneakers with a waffle sole.
What does EPS mean in stock market?
It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
What is dividend per share?
EPS shows how much of the net profit is accounted for by the common share.
The Secret Behind the Gains in NKE Stock
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
The Apple of Clothing
At the heart of Nike’s gains is its direct sales strategy. Direct sales during the quarter were $4.7 billion, up 8% when currency fluctuations were taken out. Online sales rose 12% and in North America alone they were up 40%. Gross margins were a whopping 45.9%.
