Nike, Inc. which can be found using ticker (NKE) now have 30 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 160 and 98 calculating the average target price we see $135.00. Given that the stocks previous close was at $123.84 this is indicating there is a potential upside of 9.0%. It’s also worth noting that there is a 50 day moving average of $121.72 and the 200 moving average now moves to $111.79. The company has a market cap of $193,200m. Find out more information at: https://investors.nike.com
The potential market cap would be $210,610m based on the market consensus.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men’s, women’s, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
The company has a dividend yield of 1.08% with the ex dividend date set at 3-3-2023 (DMY).
Other points of data to note are a P/E ratio of 36.22, revenue per share of 32.44 and a 10.02% return on assets.
