How many times has Nike stock split since inception?
Nike (NKE) has 6 splits in our Nike stock split history database. The first split for NKE took place on October 08, 1990. This was a 2 for 1 split, meaning for each share of NKE owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When did Nike last split?
Nike's share price has soared over the past few years despite the recession. Its widely traded Class B shares gained 23 cents to close at $90.83 Thursday. Its last stock split was in April 2007. The company also declared a 17 per cent hike in its quarterly dividend to 21 cents per share.
Which stock has the most splits?
Stock splits usually work, and the 20-for-1 split by Google’s parent company Alphabet may spark a wave. That’s according to analysis from Bank of America, which found that companies that have announced stock splits have outperformed the market.
How much is Nike stock per share?
- 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 14.1% above the current share price.
- The NIKE 52-week low stock price is 125.44, which is 20.1% below the current share price.
- The average NIKE stock price for the last 52 weeks is 150.98.
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Did Nike announce a stock split?
Nike (NKE) has 6 splits in our Nike stock split history database. The first split for NKE took place on October 08, 1990. This was a 2 for 1 split, meaning for each share of NKE owned pre-split, the shareholder now owned 2 shares....NKE Split History TableDateRatio12/26/20122 for 112/24/20152 for 14 more rows
When did Nike stock split?
NKE - NIKE, Inc.DateOpenLowMar 01, 201661.9757.95Feb 01, 201661.7553.64Jan 01, 201661.1156.59Dec 24, 20152:1 Stock Split80 more rows
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.
What's the highest Nike stock has ever been?
The all-time high NIKE stock closing price was 177.51 on November 05, 2021.
What is the purpose of splitting stock?
Companies typically engage in a stock split so that investors can more easily buy and sell shares, otherwise known as increasing the company's liquidity. Stock splits divide a company's shares into more shares, which in turn lowers a share's price and increases the number of shares available.
What happens in a stock split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total dollar value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
What does Nike stand for?
In Greek mythology, Nike is the Winged Goddess of Victory. The logo is derived from goddess' wing,'swoosh', which symbolises the sound of speed, movement, power and motivation.
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.
How much was Nike worth in 1980?
Investing $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.
Is it worth it to buy 1 share of stock?
While purchasing a single share isn't advisable, if an investor would like to purchase one share, they should try to place a limit order for a greater chance of capital gains that offset the brokerage fees.
Does Warren Buffett Own Nike?
Buffett's Berkshire Hathaway Inc. in the third quarter sold stakes in CarMax Inc. and Home Depot Inc., and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company's cash holdings.
Is Nike worth investing in?
Nike has an increasingly attractive valuation Nike is trading at 35 times earnings today, below the company's five-year average price-to-earnings (P/E) multiple of 43.
What does Nike do with stock bought back?
Any stock bought back and retired by Nike under the repurchase plan will serve to decrease the number of outstanding shares, increasing earnings per share and boosting the value of remaining shares owned by investors.
How much did Nike repurchase in 2015?
In November 2015, Nike ( NYSE:NKE) announced its board of directors had approved a massive four-year, $12 billion share repurchase program, raised its quarterly dividend by 14% to $0.32 per share, and approved a 2-for-1 stock split of both its class A and class B common shares. The trifecta of good news drove shares of the sportswear behemoth up ...
Does reducing the price of each share improve liquidity?
Regarding the latter, reducing the price of each share can indeed improve a stock's liquidity, primarily by allowing it to be more rapidly bought or sold without larger blocks of higher-priced shares having a significant impact on the stock's trading price.
Is Nike stock cheap?
In reality, however, taken in conjunction with any meaningful valuation metrics, Nike stock is just as expensive -- or cheap, depending on your view -- as it was before the split. Relatedly, some might argue reducing the per-share price made it easier for everyday retail investors to purchase whole shares of Nike stock.
How many times has Nike split?
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. We examined the performance of Nike stock compared to the S&P 500 Index (benchmark for US Large Cap Stock Market) both 1 week and 1 year after the announcement of the last four stock splits in 1996, ...
How much do you need to buy a share of Nike before a stock split?
In the example above, you would need $100 to purchase one share of Nike before the stock split. After the 2-for-1 stock split, you would only need $50 to purchase a share of Nike.
Do stock splits create additional value?
Stock splits do not fundamentally create any additional value and as you can see by the last four Nike splits, the results are inconsistent. The historical performance shows that any initial price increases from the split tend to be temporary.
An HSBC analyst sounds the alarm on Nike's still-too-high stock price
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of sportswear icon Nike ( NYSE:NKE) are crashing 4% as of 11 a.m. ET on Monday -- and yes, I suppose that with the S&P 500 down 1.9%, you could say the whole stock market is in the red today.
So what
As The Fly reports today, an analyst at investment bank HSBC just cut his rating on Nike stock from buy to hold. Analyst Erwan Rambourg also trimmed the stock's price target to $182.
Now what
The analyst thinks supply chain snarls that hurt consumer goods stocks in 2021 will continue into 2022, and Nike is not "out of the woods" on that yet. Additionally, currency exchange rates have "turned against the [consumer goods] sector," warns Rambourg.
What happened to Nike in May?
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 stock going up 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 good company in 2020?
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!
