In Friday’s Wall Street session, Nike, Inc (NYSE:NKE) shares traded at $73.04, down -0.23% from the previous session.
NKE stock price is now -2.41% away from the 50-day moving average and -9.58% away from the 200-day moving average. The market capitalization of the company currently stands at $108.04B.
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With the price target reduced from $102 to $72, Citigroup Downgraded its rating from Buy to Neutral for Nike, Inc (NYSE: NKE). On January 10, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $72 to quote $90, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, PARKER MARK G, Officer bought 169,732 shares of the company’s stock on Feb 14 ’25. The stock was bought for $12,361,582 at an average price of $72.83. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Officer Leinwand Robert bought 4,506 shares of the business’s stock. A total of $328,082 was incurred on buying the stock at an average price of $72.81. A total of 21.50% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc has had a low of $68.62 and a high of $107.34. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 2.22, and a quick ratio of 1.51. The fifty day moving average price for NKE is $74.8456 and a two-hundred day moving average price translates $80.77475 for the stock.
The latest earnings results from Nike, Inc (NYSE: NKE) was released for 2024-11-30. The net profit margin was 9.96% and return on equity was 34.67% for NKE. The company reported revenue of $12.35 billion for the quarter, compared to $13.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.72 percent. For the current quarter, analysts expect NKE to generate $11.02B in revenue.
