NIKE, Inc. (NKE)
| Market Cap | 139.02B |
| Revenue (ttm) | 51.58B |
| Net Income (ttm) | 5.23B |
| Shares Out | 1.51B |
| EPS (ttm) | 3.40 |
| PE Ratio | 27.11 |
| Forward PE | 26.15 |
| Dividend | $1.48 (1.61%) |
| Ex-Dividend Date | Jun 3, 2024 |
| Volume | 9,565,617 |
| Open | 92.01 |
| Previous Close | 91.77 |
| Day's Range | 91.34 - 92.29 |
| 52-Week Range | 88.66 - 123.39 |
| Beta | 1.08 |
| Analysts | Buy |
| Price Target | 116.30 (+26.17%) |
| Earnings Date | Jun 27, 2024 |
About NKE
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, g... [Read more]
Financial Performance
In 2023, NIKE, Inc.'s revenue was $51.22 billion, an increase of 9.65% compared to the previous year's $46.71 billion. Earnings were $5.07 billion, a decrease of -16.14%.
Financial StatementsAnalyst Forecast
According to 33 analysts, the average rating for NKE stock is "Buy." The 12-month stock price forecast is $116.3, which is an increase of 26.17% from the latest price.
News
Converse to cut jobs as part of Nike's cost-savings plan
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday.
Trade Tracker: Amy Raskin sells Nike and CVS
Amy Raskin, CIO at Chevy Chase Trust, joins CNBC's "Halftime Report" to discuss her latest stock sales.
DICK'S Sporting Goods and Nike Announce Fourth Annual It's Her Shot Tour
Past and present WNBA players to join the tour and help the next generation of girls find their confidence on and off the court PITTSBURGH , May 9, 2024 /PRNewswire/ -- Today DICK'S Sporting Goods (NY...
NIKE, Inc. Declares $0.370 Quarterly Dividend
BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.370 per share on the Company's outstanding Class A and...
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
At a time when investors expect interest rates to remain high as the Federal Reserve seeks to keep the lid on inflation, dividend stocks may not be dominating the attention of income-seeking investors...
CNBC's 2024 Stock Draft: Comedian Druski chooses Nike for his first-round pick
CNBC's annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch' to make their picks.
Nike, Adidas, and HOKA will soon be sold in JD Sports thanks to Hibbett's $1 billion buy
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand ac...
Nike needs a win, and it's betting on Caitlin Clark to deliver one
Caitlin Clark is reportedly adding to the $76,535 starting salary she'll make in the WNBA in a big way: with an eight-figure endorsement deal with Nike Inc.
Nike Stock in Focus Amid Plans to Trim More than 700 Staff by End of June
Shares in Nike (NKE) will be in focus Monday after the sports apparel and equipment maker revealed via a notice filed on Friday that it plans to lay off 740 employees at its Beaverton, Oregon headquar...
Nike Reverses Course as Innovation Stalls and Rivals Gain Ground
Shoe giant stumbled as CEO John Donahoe pulled away from retailers and relied on old hits. Now it says it's refocusing on cutting-edge footwear for athletes.
Nike to lay off 740 employees at Oregon headquarters
Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first hal...
Nike discloses ‘second phase' of job cuts at its headquarters amid cost-savings efforts
Nike Inc. on Friday said that some 740 employees at its global headquarters in Oregon will have been laid off by June 28, as the sports-apparel giant tries to trim expenses amid weaker sneaker demand.
Nike Says It Will Cut Over 700 Jobs to Trim Costs
Approximately 740 employees will be laid off from the company's Oregon headquarters.
Nike stock price forms triple bottom as Adidas golden cross nears
Nike (NYSE: NKE) stock price has diverged from that of Adidas in the past few months. Nike's shares are hovering near the lowest level since September 2023.
Bearish on WMT, AMD & Bullish on NKE
Walmart (WMT), Nike (NKE), and AMD (AMD) are today's big three stocks. Don Kaufman and Ben Lichtenstein discuss how to trade, as well as the technical trends of these names.
Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom
Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying that it's tough to build disruptive products on Zoom.
Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website.
Nike CEO John Donahoe on 2024 Olympics and launching 'fastest shoe in the world'
John Donahoe, Nike CEO, joins 'Squawk on the Street' to discuss what's new at Nike's Olympic Collection launch, how to use this momentum to reignite growth, and how much of a sales bump the CEO antici...
Nike bosses plan 'biggest' Olympics spend as marketing ramps up
Nike is spending more on this Olympics than any previous Games, top executives said on Friday, as the U.S. sportswear brand embarks on a marketing push it hopes will revive flagging sales and help com...
Nike stock gets a boost on BofA upgrade
Bank of America upgrades Nike (NKE) shares to a Buy rating from a Neutral rating. Bank of America Securities Analyst Lorraine Hutchinson — who was behind the stock call — wrote that "estimates finally...
Nike Stock Rises Following Upgrade From Bank of America
Nike (NKE) shares rose 3.4% Thursday after Bank of America Securities upgraded its rating on the stock, citing optimism that the athletic apparel retailer's earnings estimates “finally look achievable...
Nike, Airbnb, Doordash | Top Calls
Top calls today are Nike, Airbnb and Doordash.
Nike Kicks Off Multi-Year Innovation Cycle
PARIS--(BUSINESS WIRE)--Today, NIKE, Inc. (NYSE: NKE) extended its position as the undisputed leader of footwear and apparel innovation by debuting a new line-up of products that signaled a multi-year...
Bank of America upgrades Nike, here's why
Lorraine Hutchinson, retail analyst at BofA Securities, joins 'Money Movers' to discuss why Nike's earnings estimates look achievable, how Nike lost the innovation edge, and more.
Nike pins hopes on Olympics to win back market share
Nike unveiled Olympic kits for the teams it sponsors on Thursday alongside athletes including Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top athletes can h...