In yesterday’s Wall Street session, Nike, Inc. (NYSE:NKE) shares traded at $74.34, up 0.20% from the previous session.
NKE stock price is now -9.83% away from the 50-day moving average and -23.36% away from the 200-day moving average. The market capitalization of the company currently stands at $111.47B.
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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, Friend Matthew, Officer bought 5,410 shares of the company’s stock on Aug 07 ’24. The stock was bought for $394,281 at an average price of $72.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, EVP: CFO Friend Matthew sold 5,410 shares of the business’s stock. A total of $394,281 was realized by selling the stock at an average price of $72.88. This leaves the insider owning 16,814 shares of the company worth $1.25 million. A total of 21.18% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc. has had a low of $70.75 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 $111863341056, which is based on a 19.95 price-to-earnings ratio, a 4.12 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for NKE is $82.1014 and a two-hundred day moving average price translates $96.8574 for the stock.
The latest earnings results from Nike, Inc. (NYSE: NKE) was released for 2024-05-31. The net profit margin was 11.09% and return on equity was 40.09% for NKE. The company reported revenue of $12.61 billion for the quarter, compared to $12.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.71 percent.
