NIKE Inc. [NYSE: NKE] surged by $3.07 during the normal trading session on Tuesday and reaching a high of $153.60 during the day while it closed the day at $153.35. The company report on September 24, 2021 that NIKE, Inc. Reports Fiscal 2022 First Quarter Results.
NIKE, Inc. (NYSE:NKE) reported fiscal 2022 financial results for its first quarter ended August 31, 2021.
First quarter reported revenues were $12.2 billion, up 16 percent compared to prior year and up 12 percent on a currency-neutral basis.*.
NIKE Inc. stock has also gained 2.60% of its value over the past 7 days. However, NKE stock has declined by -5.07% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.95% and gained 8.40% year-on date.
The market cap for NKE stock reached $241.72 billion, with 1.58 billion shares outstanding and 1.26 billion shares in the current float. Compared to the average trading volume of 6.10M shares, NKE reached a trading volume of 7338498 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NIKE Inc. [NKE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKE shares is $184.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKE stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for NIKE Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 12, 2021. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on October 05, 2021, representing the official price target for NIKE Inc. stock. Previously, the target price had yet another drop from $194 to $185, while Barclays kept a Overweight rating on NKE stock.
The Average True Range (ATR) for NIKE Inc. is set at 3.36, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 5.23. The Price to Book ratio for the last quarter was 16.91, with the Price to Cash per share for the same quarter was set at 8.69. Price to Free Cash Flow for NKE in the course of the last twelve months was 53.79 with Quick ratio for the last quarter at 2.40.
NKE stock trade performance evaluation
NIKE Inc. [NKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.60. With this latest performance, NKE shares dropped by -3.87% in over the last four-week period, additionally plugging by 15.95% over the last 6 months – not to mention a rise of 18.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NKE stock in for the last two-week period is set at 48.73, with the RSI for the last a single of trading hit 54.60, and the three-weeks RSI is set at 46.80 for NIKE Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 161.25, while it was recorded at 151.35 for the last single week of trading, and 145.81 for the last 200 days.
NIKE Inc. [NKE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NIKE Inc. [NKE] shares currently have an operating margin of +16.03 and a Gross Margin at +44.74. NIKE Inc.’s Net Margin is presently recorded at +12.87.
Return on Total Capital for NKE is now 30.58, given the latest momentum, and Return on Invested Capital for the company is 25.18. Return on Equity for this stock inclined to 55.01, with Return on Assets sitting at 16.58. When it comes to the capital structure of this company, NIKE Inc. [NKE] has a Total Debt to Total Equity ratio set at 100.36. Additionally, NKE Total Debt to Total Capital is recorded at 50.09, with Total Debt to Total Assets ending up at 33.95. Long-Term Debt to Equity for the company is recorded at 96.69, with the Long-Term Debt to Total Capital now at 48.26.
Reflecting on the efficiency of the workforce at the company, NIKE Inc. [NKE] managed to generate an average of $78,131 per employee. Receivables Turnover for the company is 12.34 with a Total Asset Turnover recorded at a value of 1.29.NIKE Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 3.20.
Earnings per share (EPS) analysis for NIKE Inc. [NKE] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NIKE Inc. go to 14.95%.
NIKE Inc. [NKE]: Insider Ownership positions
There are presently around $159,371 million, or 83.20% of NKE stock, in the hands of institutional investors. The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 104,646,829, which is approximately 0.464% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 89,911,057 shares of the stock with an approximate value of $13.79 billion in NKE stocks shares; and STATE STREET CORP, currently with $8.48 billion in NKE stock with ownership of nearly 0.395% of the company’s market capitalization.
Positions in NIKE Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 1,103 institutional holders increased their position in NIKE Inc. [NYSE:NKE] by around 53,783,578 shares. Additionally, 947 investors decreased positions by around 52,521,288 shares, while 299 investors held positions by with 932,955,990 shares. The mentioned changes placed institutional holdings at 1,039,260,856 shares, according to the latest SEC report filing. NKE stock had 185 new institutional investments in for a total of 10,832,047 shares, while 123 institutional investors sold positions of 8,060,034 shares during the same period.