The price of Nike, Inc. (NYSE:NKE) shares last traded on Wall Street fell -2.87% to $71.31.
NKE stock price is now -20.57% away from the 50-day moving average and -28.20% away from the 200-day moving average. The market capitalization of the company currently stands at $107.64B.
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With the price target reduced from $100 to $75, RBC Capital Mkts maintained Sector Perform rating for Nike, Inc. (NYSE: NKE). On June 28, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $115 to quote $100, while ‘UBS’ rates the stock as ‘Neutral’
In other news, SWAN ROBERT HOLMES, Director bought 2,941 shares of the company’s stock on Jun 28 ’24. The stock was bought for $226,516 at an average price of $77.02. Upon completion of the transaction, the Director now directly owns 20,946 shares in the company, valued at $1.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, EVP: CFO Friend Matthew sold 9,350 shares of the business’s stock. A total of $889,185 was realized by selling the stock at an average price of $95.10. This leaves the insider owning 27,312 shares of the company worth $1.95 million. A total of 22.47% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc. has had a low of $71.67 and a high of $123.39. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 2.40, and a quick ratio of 1.69. According to the stock market information, the enterprise value for the company is $111087362048, which is based on a 19.13 price-to-earnings ratio, a 3.89 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for NKE is $89.7764 and a two-hundred day moving average price translates $99.31585 for the stock.
The latest earnings results from Nike, Inc. (NYSE: NKE) was released for 2024-05-31. The net profit margin was 11.10% and return on equity was 40.09% for NKE. The company reported revenue of $12.43 billion for the quarter, compared to $12.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.31 percent.
