The NIKE, Inc. (NYSE:NKE) is going down by -0.11% in today’s trading session, a fall equivalent to -0.1% of the stock’s price from yesterday’s market close. A news came out 6 hours ago stating that Under Armour Reports Earnings Soon. Here’s What to Expect. by BARRONS. The lowest point that the shares touched during the trading session was $86.77, while the peak of the day was recorded at a share price of $87.84. NKE finished the previous session at $87.54 according to the data provided by Barchart, while the trading volume was observed to be $1,437,203.
In the 100 days of trading, NKE managed to top a 84.98% Moving average. Additionally, NIKE, Inc. shares have achieved a 52-week range between 66.53 and 90.00 alongside 100 days raw stochastic set at 79.89%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.56B, equal to the value of $136.76B in market capitalization. Financial analysts indicate that NKE shares should be still ranked as a “Outperform”. In the last 30 days, NIKE, Inc. shares went down by -2.75%, adding 89.87 to growth in value, on top of a +3.78% boost since 06/28/19.
NIKE, Inc. (NYSE:NKE) Analyst’s Estimates
NIKE, Inc. (NKE) could record at least $0.70 per share in quarterly earnings in the upcoming report on 09/23/2019, a number that would actually represent an increase of 17.07% YOY.
According to the average analyst rating, NIKE, Inc. would be rated as 2.00. Out of 30 different analysts monitoring NKE stock, 11 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 11 indicate that NKE is an OUTPERFORM, 1 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-24-19, the stock earned a Reiterated rating due to a new analyst call from BofA/Merrill, while analysts from Citigroup believe that the stock is set at Buy, as concluded on Apr-10-19. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on Mar-19-19.
Regardless of the rating, BofA/Merrill did increase their price from $55 to $60 as they are considering target share price analysis. Telsey Advisory Group, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Mar-18-19, giving the stock a Outperform rating.
NKE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +44.54% has been attained, while the operating margin has been recorded at +12.08%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 17.42%. Beta value of the stock is recorded at 0.79. Additionally, NIKE, Inc. is recording price volatility of 1.14% for the period of the last seven days and 1.44% in the last 30 days.
NIKE, Inc. (NYSE:NKE) Technical Outlook
For the period of the last 50 days, NIKE, Inc. had its Raw Stochastic average set at 80.70% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 56.28%. Stochastic %K for NIKE, Inc., with the last 20 days included, was set at 62.65%, having Stochastic %D topping 61.91%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for NIKE, Inc. stocks with recording 13.45% in metrics.
NIKE, Inc. Insider Watch:
As far as the position of shares issued by NIKE, Inc. (NYSE:NKE) for the period concluded at the market close of 07/26/19, 768 institutional investors increased their positions in NKE shares by 54,224,697, 711 decreased positions by 41,782,418 and 231 institutional investors decided to hold positions at 949,462,444. These numbers put the complete list of institutional holdings set at 1,045,469,559 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 135 institutional investments with 5,206,147 new shares in addition to having 85 institutional investors selling their positions in 4,537,930 shares.