A Closer Look At NIKE Inc. (NKE)’s Financials

As of Friday close, NIKE Inc.’s (NYSE:NKE) stock was up $5.11, moving up 4.74 percent to $113.01. The average number of shares traded per day over the past five days has been 8,301,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.48 fall in that time frame. In the last twenty days, the average volume was 7,323,465, while in the previous 50 days, it was 7,842,456.


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Since last month, NKE stock retreated -11.36%. Shares of the company fell to $105.00 on 05/12/22, the lowest level in the past month. A 52-week high of $179.10 was reached on 01/03/22 after having rallying from a 52-week low of $105.00. Since the beginning of this year, NKE’s stock price has dropped by -32.20% or -$53.66, and marked a new high 1 time. However, the stock has declined by -36.90% since its 52-week high.

NIKE Inc. (NKE) last reported insider trading activity 89 days ago on Feb 14. PARKER MARK G, the EXECUTIVE CHAIRMAN of the company, disposed of 60,000 shares for $141.58 on Feb 14. It resulted in a $8,494,621 divestment by the insider. PARKER MARK G sold 100,000 shares at an average price of $146.39 on Jan 26. The insider now owns 1,405,824 shares following the transaction. On Jan 07, EXECUTIVE CHAIRMAN PARKER MARK G sold 81,041 shares at $158.37 apiece. The transaction was valued at $12,834,657.

Valuation Metrics

Right now, NIKE Inc. (NKE) has a P/E ratio of about 29.87. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 3.94, the price-to-book (PB) ratio of 12.05, and the price-to-cash flow ratio of 51.65 may also be considered.

The latest dividend of $0.3050 per share was paid out, remained unchanged from last year’s $0.3050. On Thursday November 18 2021, a $0.03 dividend increase was announced.

Financial Health

In the three months ended November 29, NIKE Inc.’s quick ratio stood at 2.20, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending November 29 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 46.20% percent. In the year ended November 29, EBITDA margin amounted to 17.70%, whereas operating margins totaled 15.20%. Based on annual data, NKE earned $19.96 billion in gross profit and brought in $44.54 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.80%. Return on equity (ROE) for the past 12 months was 43.00%.

In NIKE Inc.’s quarter-end financial report for November 29, it reported total debt of $9.42 billion against cash and short-term investments of $4.76 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NKE’s revenue rose 4.73% to $11.36 billion during the quarter, while net income inched up to $10.87 billion. While analysts expected NIKE Inc. to report $0.63 quarterly earnings, the actual figure was $0.83 per share, beating the consensus estimate by 31.70%. During the quarter, the company generated $1.81 billion in EBITDA. The liabilities of NIKE Inc. were 23.77 billion at the end of its most recent quarter ended November 29, and its total debt was $12.72 billion. The value of shareholders’ equity is $1.57 billion.

Technical Picture

This quick technical analysis looks at NIKE Inc.’s (NKE) price momentum. With a historical volatility rate of 47.43%, the RSI 9-day stood at 38.92% on 13 May.

With respect to its five-day moving average, the current NIKE Inc. price is down by -1.29% percent or -$1.48. At present, NKE shares trade -15.32% below its 20-day simple moving average and -28.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.65% below its SMA50 and -32.33% below its SMA200.

Stochastic coefficient K was 15.83% and Stochastic coefficient D was 7.95%, while ATR was 5.18. Given the Stochastic reading of 34.16% for the 14-day period, the RSI (14) reading has been calculated as 38.68%. As of today, the MACD Oscillator reading stands at -5.01, while the 14-day reading stands at -8.33.

Analyst Ratings

Bernstein launched its rating on NIKE Inc. (NYSE: NKE) to an Outperform in a note to investors on March 15, 2022. NIKE Inc. (NKE) has been rated Overweight by analysts. According to 0 brokerage firms, NKE is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 5 analysts rate NIKE Inc. stock as buy, with 19 recommending it as overweight.

With a median target price of $165.00, the current consensus forecast for the stock is $139.00 – $195.00. Based on these forecasts, analysts predict NIKE Inc. (NKE) will achieve an average price target of $164.93.

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