Nike, Inc (NYSE:NKE) shares traded -1.31% lower at $73.91 on Wall Street last session.
NKE stock price is now -8.42% away from the 50-day moving average and -15.44% away from the 200-day moving average. The market capitalization of the company currently stands at $110.02B.
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With the price target enhanced from $83 to $97, Truist Upgraded its rating from Hold to Buy for Nike, Inc (NYSE: NKE). On October 02, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $100 to quote $96, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, PARKER MARK G, EXECUTIVE CHAIRMAN sold 45,190 shares of the company’s stock on Nov 14 ’24. The stock was sold for $3,463,362 at an average price of $76.64. Upon completion of the transaction, the EXECUTIVE CHAIRMAN now directly owns 967,659 shares in the company, valued at $71.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer PARKER MARK G bought 45,190 shares of the business’s stock. A total of $3,463,362 was incurred on buying the stock at an average price of $76.64. A total of 21.37% 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 0.87, a current ratio of 2.36, and a quick ratio of 1.58. According to the stock market information, the enterprise value for the company is $111846719488, which is based on a 21.20 price-to-earnings ratio, a 2.23 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for NKE is $80.7916 and a two-hundred day moving average price translates $87.5357 for the stock.
The latest earnings results from Nike, Inc (NYSE: NKE) was released for 2024-08-31. The net profit margin was 10.59% and return on equity was 37.98% for NKE. The company reported revenue of $11.59 billion for the quarter, compared to $12.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.43 percent.
