Approximately 5,922 Shares Of NIKE Inc. (NKE) Were Sold By This Insider.

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NIKE Inc. (NYSE:NKE) finished Thursday with a subtraction of -$1.24 to close at $98.55, a downside of -1.24 percent. An average of 7,817,560 shares of common stock have been traded in the last five days. There was a fall of -$6.95 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 6,585,280 shares traded, while the 50-day average volume stands at 6,230,692.

NKE stock has decreased by -10.96% in the last month. The company shares reached their 1-month lowest point of $97.83 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $99.53 and a high of $179.10 in 52 weeks. It has reached a new high 1 time so far this year and lost -40.87% or -$68.12 in price. In spite of this, the price is down -44.97% from the 52-week high.

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Insider Transactions

51 days have passed since NIKE Inc. (NKE) last reported insider trading activity. Campion Andrew, who is CHIEF OPERATING OFFICER, most recently acquired $5,922 shares at $113.42 per share on Aug 03. In this transaction, the insider spent $671,673. EVP: CFO, Friend Matthew, disposed of 4,139 shares at a price of $113.42 on Aug 03. The insider now owns more than $469,445 worth of shares. Prior to that, EVP: CHRO Matheson Monique S. went on to Sale 30,000 shares at $107.19 each on Jul 07. An amount of $3,215,624 was transacted.

Valuation Metrics

NIKE Inc. (NKE) has a trailing price-to-earnings (P/E) ratio of 26.27. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.35, the price-to-book (PB) ratio at 10.14, and the price-to-cash flow ratio at 60.40.

The company has a payout ratio of 30.30%. The company’s most recent quarterly dividend payment was $0.3050 a share, without any change from last year. Its latest increase dividend $0.03 reported on Thursday November 18 2021.

Financial Health

The quick ratio of NIKE Inc. for the three months ended May 30 was 1.80, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.58 and a total debt to equity ratio of 0.62 for the quarter ending May 30. Its gross profit as reported stood at $21.48 billion compared to revenue of $46.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NIKE Inc.’s return on assets was 15.50%.

Earnings Surprise

For the three-month period that ended May 30, NIKE Inc. had $8.92 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.44 billion in the quarter, while revenues of $1.4 billion were shrunk -4.86%. The analyst consensus anticipated NIKE Inc.’s latest quarter earnings to come in at $0.8 per share, but it turned out to be $0.9, a 12.50% surprise. For the quarter, EBITDA amounted to $1.76 billion. Shareholders own equity worth $1.57 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NIKE Inc. (NKE) price momentum. RSI 9-day as of the close on 22 September was 29.79%, suggesting the stock is oversold, with historical volatility in this time frame at 41.68%.

As of today, NKE’s price is $102.42 -6.59% or -$6.95 from its 5-day moving average. NKE is currently trading -11.54% lower than its 20-day SMA and -20.97% lower than its 100-day SMA. However, the stock’s current price level is -6.24% below the SMA50 and -41.66% below the SMA200.

The stochastic %K and %D were 3.63% and 12.24%, respectively, and the average true range (ATR) was 3.37. With the 14-day stochastic at 4.64% and the average true range at 3.27, the RSI (14) stands at 34.12%. The stock has reached -4.49 on the 9-day MACD Oscillator while the 14-day reading was at -5.59.

Analyst Ratings

RBC Capital Mkts launched coverage on NIKE Inc. (NYSE: NKE) in its analyst report released on September 22, 2022. The firm assigned the stock an Outperform rating. The consensus rating for NIKE Inc. (NKE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NKE, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 17 others rate it as a “buy”.

What is NKE’s price target for the next 12 months?

Analysts predict a range of price targets between $100.00 and $185.00, with a median target of $126.00. Taking a look at these predictions, the average price target given by analysts for NIKE Inc. (NKE) stock is $128.87.


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