Key Points Nike turned out mid-single-digit total revenue and earnings growth in fiscal 2022. The company should have the flexibility to keep growing its dividend. The stock is reasonably priced for its growth prospects.
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Is Nike stock a good Buy now?
As of October 12, 2021, Nike Inc had a $237.9 billion market capitalization, compared to the Footwear median of $4889.7 billion, Nike Inc’s stock is up 9.6% in 2021, up 4.2% in the previous five trading days and up 18.5% in the past year. Currently, Nike Inc’s price-earnings ratio is 40.7.
Will Nike stock go up?
Based on 27 Wall Street analysts offering 12 month price targets for Nike in the last 3 months. The average price target is $128.87 with a high forecast of $156.00 and a low forecast of $100.00. The average price target represents a 11.03% change from the last price of $116.07.
What was Nike 2022?
In June 2022, the Board of Directors authorized a new four-year, $18 billion program to repurchase shares of NIKE’s Class B common stock. The Company’s new program will replace the current $15 billion share repurchase program, which will be terminated in fiscal year 2023.
Is Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $149.34 per share. The latest price of the firm is $116.32. At this time, the firm appears to be undervalued.
USD 116.32 0.25 0.22%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
Is Nike a Buy sell or hold?
NIKE has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 20 buy ratings, 10 hold ratings, and no sell ratings.
What is the Forecast for Nike stock?
Stock Price Forecast
The 29 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 100.00. The median estimate represents a +13.96% increase from the last price of 114.08.
How much will Nike stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the “NKE” stock price prognosis for 2027-08-13 is 215.734 USD. With a 5-year investment, the revenue is expected to be around +85.31%. Your current $100 investment may be up to $185.31 in 2027. Get It Now!
Why is Nike stock going up?
Yet the stock, which initially rose on the news, gave up its gains following the company’s conference call, during which management said it expects revenue in its current fiscal first quarter to be flat or just slightly up from $12.25 billion in the year-ago period. Consensus calls for sales to climb to $12.34 billion.
What is the highest Nike stock has been?
The all-time high NIKE stock closing price was 176.34 on November 05, 2021.
How is Nike doing financially 2022?
Nike has revealed revenue of US$46.7 billion for the 2022 financial year, up five per cent year-over-year (YoY). The US sportswear giant’s net income for fiscal 2022 was US$6 billion, a rise of six per cent YoY. Broken down, revenue for the Nike brand was US$44.4 billion, up five per cent YoY.
How is Nike doing financially?
Revenues for NIKE, Inc. increased 5 percent to $10.9 billion compared to the prior year and were up 8 percent on a currency-neutral basis. Revenues for the NIKE Brand were $10.3 billion, up 8 percent compared to prior year on a currency-neutral basis, led by 13 percent growth in EMEA.
Why is Foot Locker not selling Nike anymore?
While customers may see a slightly smaller selection of shoes brandishing the “swoosh” in coming months, a Foot Locker representative told Nexstar that Nikes are not going to disappear from stores. In 2021, Nike made up approximately 65% of total Foot Locker spending and 70% of total sales.
Does Nike pay a dividend?
From its 1985 to 2019 after adjusting for its stock splits, Nike paid out quarterly dividends ranging from 0.5 cents per share in 1985 to 88 cents per share in 2019. Over the past three years, Nike’s dividend has increased by an average of 15.8% per year.
What is the intrinsic value of Nike?
As of today (2022-08-09), Nike’s Intrinsic Value: Projected FCF is $32.69. The stock price of Nike is $110.11.
Will Nile stock go up?
The average Bitnile Holdings stock price prediction forecasts a potential upside of 1,786.79% from the current NILE share price of $0.37.
Why should we invest in Nike?
The company has focused on protecting its margins which grew 190 basis points to 46.3% in the first nine months of 2022. This is largely a result of Nike increasing its revenue at a greater rate than its cost of sales.
Is Nike a hold?
USD 114.10 0.96 0.85% Considering the 90-day investment horizon and your typical level of risk aversion, our recommendation regarding Nike Inc is ‘Hold’.
Is Apple a buy or sell?
Apple has received a consensus rating of Buy. The company’s average rating score is 2.70, and is based on 23 buy ratings, 7 hold ratings, and 2 sell ratings.
How many times has Nike split its stock?
According to our Nike stock split history records, Nike has had 6 splits.
Is AMD a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.75% |
| 2 | Buy | 18.15% |
| 3 | Hold | 9.70% |
| 4 | Sell | 5.35% |