NIKE Inc. (NYSE:NKE) stock went on a downward path that fall over -0.61% on Tuesday, amounting to a one-week price decrease of more than -0.42%. Over the last 12 months, NKE stock dropped by 17.21%. The one-year NKE stock forecast points to a potential downside of -0.14, with the average price target set at $102.94 per share. The average equity rating for NKE stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for NKE stock reached $140.63 billion, with 1.57 billion shares outstanding and 1.23 billion shares in the current float. Compared to the average trading volume of 6.46M shares, NKE reached a trading volume of 3943833 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NIKE Inc. (NKE):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKE shares is $102.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKE stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for NIKE Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 06, 2019. The new note on the price target was released on October 14, 2019, representing the official price target for NIKE Inc. stock. On June 24, 2019, analysts increased their price target for NKE shares from 60 to 70.
The Average True Range (ATR) for NIKE Inc. is set at 1.46, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 3.53. The Price to Book ratio for the last quarter was 15.20, with the Price to Cash per share for the same quarter was set at 2.32. Price to Free Cash Flow for NKE in the course of the last twelve months was 54.53 with Quick ratio for the last quarter at 1.30.
NKE stock trade performance evaluation
NIKE Inc. (NKE) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.42. With this latest performance, NKE shares dropped by -5.67% in over the last four-week period, additionally plugging by 6.53% over the last 6 months – not to mention a rise of 17.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NKE stock in for the last two-week period is set at 43.80, with the RSI for the last a single of trading hit 38.95, and the three-weeks RSI is set at 46.53 for NIKE Inc. (NKE). The present Moving Average for the last 50 days of trading for this stock 90.73, while it was recorded at 89.85 for the last single week of trading, and 86.00 for the last 200 days.
NIKE Inc. (NKE): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NIKE Inc. (NKE) shares currently have an operating margin of +12.08 and a Gross Margin at +44.54. NIKE Inc.’s Net Margin is presently recorded at +10.30.
Return on Total Capital for NKE is now 36.14, given the latest momentum, and Return on Invested Capital for the company is 31.25. Return on Equity for this stock inclined to 42.74, with Return on Assets sitting at 17.42. When it comes to the capital structure of this company, NIKE Inc. (NKE) has a Total Debt to Total Equity ratio set at 38.48. Additionally, NKE Total Debt to Total Capital is recorded at 27.79, with Total Debt to Total Assets ending up at 14.67. Long-Term Debt to Equity for the company is recorded at 38.32, with the Long-Term Debt to Total Capital now at 27.67.
Reflecting on the efficiency of the workforce at the company, NIKE Inc. (NKE) managed to generate an average of $52,529 per employee. Receivables Turnover for the company is 10.07 with a Total Asset Turnover recorded at a value of 1.69. NIKE Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.00.
Earnings per share (EPS) analysis for NIKE Inc. (NKE) stock
With the latest financial reports released by the company, NIKE Inc. posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NIKE Inc. go to 16.42%.
NIKE Inc. (NKE): Insider Ownership positions
There are presently around $94,075 million, or 85.30% of NKE stock, in the hands of institutional investors. The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 105,374,269, which is approximately 1.414% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 85,187,262 shares of the stock with an approximate value of $7.0 billion in NKE stocks shares; and STATE STREET CORP, currently with $5.0 billion in NKE stock with ownership of nearly 0.102% of the company’s market capitalization.
Positions in NIKE Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 763 institutional holders increased their position in NIKE Inc. (NYSE:NKE) by around 62,391,476 shares. Additionally, 748 investors decreased positions by around 67,260,685 shares, while 238 investors held positions by with 915,044,101 shares. The mentioned changes placed institutional holdings at 1,044,696,262 shares, according to the latest SEC report filing. NKE stock had 130 new institutional investments in for a total of 5,233,261 shares, while 93 institutional investors sold positions of 5,140,591 shares during the same period.