Purchase Of Shares In NIKE Inc. (NKE) By Matheson Monique S.

As of Thursday close, NIKE Inc.’s (NYSE:NKE) stock was up $0.2, moving up 0.18 percent to $114.48. The average number of shares traded per day over the past five days has been 5,803,100 shares. 2 times new highs have been achieved over the past 5 days, with a $2.25 gain in that time frame. In the last twenty days, the average volume was 6,289,695, while in the previous 50 days, it was 7,380,426.

Since last month, NKE stock rose 9.83%. Shares of the company fell to $100.11 on 07/05/22, 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 $99.53. Since the beginning of this year, NKE’s stock price has dropped by -31.31% or -$52.19, and marked a new high 1 time. However, the stock has declined by -36.08% since its 52-week high.

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NIKE Inc. (NKE) last reported insider trading activity 29 days ago on Jul 07. Matheson Monique S., the EVP: CHRO of the company, disposed of 30,000 shares for $107.19 on Jul 07. It resulted in a $3,215,624 divestment by the insider. Matheson Monique S. sold 10,025 shares at an average price of $104.25 on Jul 06. The insider now owns 70,330 shares following the transaction. On Jul 05, EVP: CHRO Matheson Monique S. sold 19,500 shares at $103.45 apiece. The transaction was valued at $2,017,346.

Valuation Metrics

Right now, NIKE Inc. (NKE) has a P/E ratio of about 30.51. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 11.78, and the price-to-cash flow ratio of 65.00 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 May 30, NIKE Inc.’s quick ratio stood at 1.80, while its current ratio was 2.60, 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 May 30 was 0.58, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 46.00% percent. In the year ended May 30, operating margins totaled 14.30%. Based on annual data, NKE earned $21.48 billion in gross profit and brought in $46.71 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 24.60%. Return on equity (ROE) for the past 12 months was 40.70%.

In NIKE Inc.’s quarter-end financial report for May 30, it reported total debt of $8.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NKE’s revenue fell -0.9% to $10.87 billion during the quarter, while net income inched up to $12.23 billion. While analysts expected NIKE Inc. to report $0.8 quarterly earnings, the actual figure was $0.9 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $1.76 billion in EBITDA. The liabilities of NIKE Inc. were 25.04 billion at the end of its most recent quarter ended May 30, and its total debt was $12.63 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 37.10%, the RSI 9-day stood at 61.54% on 04 August.

With respect to its five-day moving average, the current NIKE Inc. price is up by +2.00% percent or $2.25. At present, NKE shares trade +5.87% above its 20-day simple moving average and -6.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately +5.39% above its SMA50 and -28.19% below its SMA200.

Stochastic coefficient K was 84.27% and Stochastic coefficient D was 85.23%, while ATR was 3.10. Given the Stochastic reading of 91.02% for the 14-day period, the RSI (14) reading has been calculated as 57.74%. As of today, the MACD Oscillator reading stands at 1.92, while the 14-day reading stands at 2.85.

Analyst Ratings

NIKE Inc. (NKE) has been rated Overweight by analysts. According to 0 brokerage firms, NKE is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 7 analysts rate NIKE Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $130.00, the current consensus forecast for the stock is $100.00 – $185.00. Based on these forecasts, analysts predict NIKE Inc. (NKE) will achieve an average price target of $134.03.


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