NIKE, Inc. (NYSE:NKE) traded at $119.31 at last check on Monday, Sep 14, making an upward move of 1.11% on its previous day’s price.
Looking at the stock we see that its previous close was $118 and the beta (5Y monthly) reads 0.84 with the day’s price range being $118.33 – 119.92. The company has a 12-month trailing PE ratio of 74.73. In terms of its 52-week price range, NKE has a high of $119.25 and a low of $60. The company’s stock has gained about 12.15% over that past 30 days.
NIKE, has a market cap of $179.06 Billion and is expected to release its quarterly earnings report on September 22, 2020. With its Forward Dividend at 0.98 and a yield of 0.83%, the company’s investors could be anxious for the NKE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.41, with the EPS growth for the year raised at $2.35 for 2020 and $3.33 for next year. These figures represent 0.47% and at 0.42% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.95 Billion, with a low of $7.73 Billion and a high of $9.88 Billion. The median projection represents growth adding up to -16% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $39.25 Billion, or +4.9% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NKE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare NIKE, (NKE) stock to its peers. We find that today’s price change of +1.11% and +34.6% over the past 12 months for NKE competes that of Deckers Outdoor Corp (DECK), which has seen its stock price rise 1.49% in the latest trading session and is +34.82% over the last one year. Another of its peers Skechers U.S.A. (SKX) has climbed 1.16% today, but is -15.49% down over the past year, while Carter’s Inc (CRI) is also up 1.11% yet its price remains in the green at 34.6% over the same period. Deckers has a P/E ratio of 19.9 compared to NIKE,’s 74.73 and Skechers 34.4. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.61% and 1.34%, respectively, in early deals.
Coming back to NIKE, Inc. (NYSE:NKE), we note that the average 3-month trading volume was 6.19 Million, while that of the preceding 10-day period stands at 6.01 Million. Current shares outstanding are 1.24 Billion.
According to data from Thomson Reuters, insiders hold 1.17% of the company’s shares while institutions hold 85.83%. The data shows that short shares as of August 30, 2020, stood at 10.36 Million at a short ratio of 1.87. This represents a 0.66% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 10.13 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +16.47% up in year-to-date price movement.