Is Nike a good stock to invest in?
Sanford C. Bernstein initiated coverage on shares of NIKE in a research note on Monday, March 14th. They issued an “outperform” rating and a $160.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of NIKE from $173.00 to $175.00 in a research note on Tuesday, March 22nd.
Is Nike a good stock?
Nike's stock is still expensive, even after falling from its highs. The company's best growth days are probably over. Nike is a great company, but the stock looks to have more downside than upside right now. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Should you buy Nike stock?
Nike ... stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong ...
How much is Nike stock per share?
NIKE pays an annual dividend of $1.22 per share and currently has a dividend yield of 0.97%. NIKE has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of NIKE is 32.19%. This payout ratio is at a healthy, sustainable level, below 75%.
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What's the highest Nike stock price ever?
The all-time high NIKE stock closing price was 177.51 on November 05, 2021.
What is Nike 52 week high and low?
Performance OutlookPrevious Close109.19Bid111.21 x 800Ask111.22 x 900Day's Range108.88 - 111.6352 Week Range99.53 - 179.103 more rows
What year did Nike go public?
They opened their first retail outlet in 1966 and launched the Nike brand shoe in 1972. The company was renamed Nike, Inc., in 1978 and went public two years later.
What was Nike stock price in 1997?
YearBeginning PriceEnding Price199574.625139.25*199669.625120.00*199760.0039.0625199839.062540.562532 more rows
Does Nike pay a dividend?
From its 1985 to 2019 after adjusting for its stock splits, Nike paid out quarterly dividends ranging from 0.5 cents per share in 1985 to 88 cents per share in 2019. Over the past three years, Nike's dividend has increased by an average of 15.8% per year.
Is Nike going to split?
Nike (NYSE:NKE), the world's largest sporting-goods company, said Thursday that it will boost its dividend and plans a two-for-one stock split.
How many times has Nike stock split since 1979?
History of Nike Stock Splits Nike has performed a 2-FOR-1 stock split seven times in its history, with the first one occurring in 1983 and the most recent one occurring in 2015.
How many times has Nike split its stock?
According to our Nike stock split history records, Nike has had 6 splits. To make the "Dividend Channel S.A.F.E.
At what price did Nike go public?
$22Investing $1,000 In Nike IPO: Nike went public in December 1980 with an offering price of $22 . A $1,000 investment in Nike shares at IPO could have purchased 45.45 shares.
How much was Nike worth in 1984?
Nike's sales soared from $3 million in 1972 to $919 million in the fiscal year 1984, which ended last May 31.
How much money did Nike make in 2000?
Nike Inc Net Revenue 1992-2021YearRevenue ($Mn)2003$10,6972002$9,893.02001$9,488.82000$8,995.126 more rows•Apr 27, 2022
Did Jordan get Nike stock?
Until 2019, the Nike Air Jordan brand made around $3 billion, and MJ made $1.3 billion of that amount. The 1984 deal changed the landscape of the sneaker industry and made Nike one of the biggest sports brands in the world. However, American rapper, Master P, has called out Jordan for not having any stake in Nike.
What is the 52 week high and low for Apple?
This page refreshes every 30 seconds....AAPL Real-Time Quotes.Nasdaq Last Sale (NLS) Plus Volume58,14852 Week High / Low$182.94/$129.042 more rows•4 days ago
What is Nike's PE ratio?
NIKE PE ratio as of July 18, 2022 is 27.64.
What was the dividend paid by Nike during the last year?
$0.3050 per shareNike's previous ex-dividend date was on 2022-06-03. Nike shareholders who own NKE stock before this date received Nike's last dividend payment of $0.3050 per share on 2022-07-01.
What is Nike's volume?
7.52MNike Inc. Cl BVolume7.52MMarket Value$165.42BShares Outstanding1.27BEPS (TTM)$3.75P/E Ratio (TTM)27.677 more rows
NIKE, Inc. Reports Fiscal 2016 Fourth Quarter and Full Year Results
Fourth Quarter Income Statement Review
Fourth quarter revenues up 6 percent to $8.2 billion; 9 percent growth excluding currency changes
Fiscal 2016 Income Statement Review
Revenues for NIKE, Inc. rose 6 percent to $8.2 billion, up 9 percent on a currency-neutral basis.
May 31, 2016 Balance Sheet Review
Revenues for NIKE, Inc. rose 6 percent to $32.4 billion, up 12 percent on a currency-neutral basis.
Share Repurchases
Inventories for NIKE, Inc. were $4.8 billion, up 12 percent from May 31, 2015, driven by a 6 percent increase in NIKE Brand wholesale unit inventories, increases in average product cost per unit, and growth in our DTC business, partially offset by changes in the value of inventories due to foreign currency exchange rates.
Futures Orders
During the fourth quarter, NIKE, Inc. repurchased a total of 9.0 million shares for approximately $540 million as part of the four-year, $12 billion program approved by the Board of Directors in November 2015.
Conference Call
As of May 31, 2016, worldwide futures orders for NIKE Brand athletic footwear and apparel scheduled for delivery from June through November 2016 totaled $14.9 billion, 8 percent higher than orders reported for the same period last year, and 11 percent higher on a currency neutral basis.*
The activewear icon actually did post some strong numbers, but Wall Street continued to doubt its ability for future growth
NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 28, 2016, to review fiscal fourth quarter and full year results. The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com.
What happened
"Do not be fooled by its commonplace appearance. Like so many things, it is not what is outside, but what is inside that counts." -- Aladdin
So what
Shares of Nike Inc ( NYSE:NKE) dropped around 19% throughout 2016, according to data provided by S&P Global Market Intelligence , making it the worst-performing stock in the Dow during the year.
Now what
In the company's fiscal Q2 earnings released on Dec. 20, Nike announced sales growth of 6% year over year and earnings up 11%. Both metrics failed to help alleviate worries on Wall Street throughout 2016 that the company's future sales and earnings might not have growth catalysts to drive higher returns.
NYSE: NKE
Nike's gross margin and sales pressure is certainly a concern, as competitive pressures -- particularly from the likes of Under Armour, which has grown its footwear segment more than 50% in the last year, and Adidas, which continues to flex its muscle and was the best-performing sports company of 2016 -- could hurt Nike's ability to raise prices and gross margin, and they could make renewed sales growth more challenging..
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So what: Revenue grew 8% in the most recent quarter and net income was up 20% to $950 million. But Under Armour ( UAA 3.86% ) and Stephen Curry's popularity have made Nike a little less attractive to investors. You can see below that Nike's growth is impressive over the last five years, but it's nothing compared to Under Armour's.
