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Wednesday, June 7, 2023

An Evaluation Of NIKE Inc. (NYSE: NKE) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for NIKE Inc. (NKE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.17, or -0.15%, to $116.81. The NIKE Inc. has recorded 228,237 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Maria Henry to Join NIKE, Inc. Board of Directors.

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Stocks Info

NKE belongs to the Consumer Cyclical sector of the NYSE while operating in the Footwear & Accessories industry. At the end of the last regular session, the stock closed at $116.98 and fluctuated between $117.13 as its day high and $115.25 as its day low. The current market capitalization of NIKE Inc. is $182.80B. A total of 7.75 million shares were traded on the day, compared to an average of 5.55M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NKE has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 110,000 and the disposition of 131,373 shares. Over the last 12 months, there were 24 BUYs and 37 SELLs from insiders. Insiders purchased 275,433 shares during that period but sold 5,344,461.

In the most recent transaction, PARKER MARK G sold 110,000 shares of NKE for 120.86 per share on May 12. After the transaction, the EXECUTIVE CHAIRMAN now owns 1,355,871 company shares. In a previous transaction on Apr 17, Nielsen Johanna sold 282 shares at 126.03 per share. NKE shares that VP: CORP CONTROLLER owns now total 3,518.

Among the insiders who sold shares, PARKER MARK G disposed of 110,000 shares on Apr 06 at a per-share price of $119.25. This resulted in the EXECUTIVE CHAIRMAN holding 1,376,961 shares of NKE after the transaction. In another insider transaction, Henry Peter B. bought 557 shares at $125.45 per share on Feb 07. Company shares held by the Director now total 4,062.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. NIKE Inc. pays an annual dividend of $1.36, resulting in a dividend yield of 1.16%, and it has a price to earnings (P/E) ratio of 33.75. NKE’s most recent ex-dividend date was 6/2/2023 when it declared a $0.34 quarterly dividend that was paid in cash on 7/5/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/3/2023. The NKE stock dividend was $0.34 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NKE in the last 3 months, the mean price target is $136.76 with high estimates of $160.00 and low estimates of $104.00. In terms of 52-week highs and lows, NKE has a high of $131.31 and a low of $82.22.

As of this writing, NKE has an earnings estimate of $0.66 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $0.8 per share and a lower estimate of $0.56. The company reported an EPS of $0.85 in the last quarter, which was 32.80% higher than expectations of $0.64.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NKE’s latest balance sheet shows that the firm has $13.00B in Cash & Short Term Investments as of fiscal 2022. There were $12.63B in debt and $10.73B in liabilities at the time. Its Book Value Per Share was $9.41, while its Total Shareholder’s Equity was $15.28B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NKE is Buy with a score of 4.27.

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