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Saturday, December 9, 2023

The Question Is Whether To Buy Or Not To Buy Nike, Inc. (NYSE: NKE)

After Hours

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. After-hours trades for Nike, Inc. (NKE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.06%, to $109.29. The Nike, Inc. has recorded 663,440 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NIKE, Inc. Reports Fiscal 2024 First Quarter Results.

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Stocks Info

This NYSE-listed company operates within the Footwear & Accessories industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $109.36 and fluctuated between $109.36 as its day high and $107.23 as its day low. The current market capitalization of Nike, Inc. is $166.45B. A total of 7.74 million shares were traded on the day, compared to an average of 8.49M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NKE has seen 14 BUY and 3 SELL insider trades, representing the acquisition of 88,863 and the disposition of 40,000 shares. Over the last 12 months, there were 29 BUYs and 31 SELLs from insiders. Insiders purchased 7,016,125 shares during that period but sold 5,566,581.

In the most recent transaction, PARKER MARK G sold 58,091 shares of NKE for 99.60 per share on Oct 16. After the transaction, the EXECUTIVE CHAIRMAN now owns 1,255,600 company shares. In a previous transaction on Oct 02, SWAN ROBERT HOLMES bought 13,072 shares at 96.13 per share. NKE shares that Director owns now total 18,005.

Among the insiders who sold shares, Matheson Monique S. disposed of 40,000 shares on Aug 08 at a per-share price of $108.59. This resulted in the EVP: CHRO holding 44,736 shares of NKE after the transaction. In another insider transaction, Friend Matthew sold 5,545 shares at $107.00 per share on Aug 03. Company shares held by the EVP: CFO now total 42,119.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Nike, Inc. pays an annual dividend of $1.41, resulting in a dividend yield of 1.29%, and it has a price to earnings (P/E) ratio of 33.74. NKE’s most recent ex-dividend date was 9/1/2023 when it declared a $0.34 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/5/2023 with an ex-dividend date of 6/2/2023. The NKE stock dividend was $0.34 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NKE in the last 3 months, the mean price target is $119.85 with high estimates of $150.00 and low estimates of $88.00. In terms of 52-week highs and lows, NKE has a high of $131.31 and a low of $88.66.

As of this writing, NKE has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.75. The company reported an EPS of $0.66 in the last quarter, which was -1.50% lower than expectations of $0.67.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $9.17, while its Total Shareholder’s Equity was $15.28B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.19.

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