NIKE, Inc. (NKE)
| Market Cap | 142.07B |
| Revenue (ttm) | 51.58B |
| Net Income (ttm) | 5.23B |
| Shares Out | 1.51B |
| EPS (ttm) | 3.40 |
| PE Ratio | 27.68 |
| Forward PE | 26.70 |
| Dividend | $1.48 (1.57%) |
| Ex-Dividend Date | Mar 1, 2024 |
| Volume | 6,077,459 |
| Open | 94.59 |
| Previous Close | 93.94 |
| Day's Range | 93.91 - 95.42 |
| 52-Week Range | 88.66 - 128.68 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 116.34 (+23.61%) |
| Earnings Date | Mar 21, 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 $116.34, which is an increase of 23.61% from the latest price.
News
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...
Puma hones focus on speed in Olympic battle with Adidas and Nike
German sportswear brand Puma is using this year's Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to carve out space in an increasi...
Nike remains No. 1 brand for teens: Piper Sandler survey
According to a recent survey from Piper Sandler, Nike (NKE) remains the number one brand for teenage consumers across footwear and apparel. In addition, luxury athleisure brand Lululemon (LULU), which...
JPMorgan's top retail picks
Matthew Boss, JPMorgan retail analyst, joins 'Squawk on the Street' to discuss Boss' thoughts on American Eagle's 'secret sauce', what the retail analyst likes with Levi Strauss, and more.
Jim Cramer reviews the Dow's five worst performers during the first quarter
CNBC's Jim Cramer on Monday analyzed the five stocks that performed the worst on Dow Jones Industrial Average during the first quarter.
Here's why BMO's Simeon Siegel favors Nike and Lululemon
Simeon Siegel, BMO Capital Markets retail analyst, joins 'Money Movers' to discuss his optimism towards Nike and Lululemon, how impacted the consumer is by the cumulative effect of rate hikes, and mor...