Is it Right Time Pull the Trigger on NIKE Inc. [NKE] Stock?

NIKE Inc. [NKE] stock is up 0.27 while the S&P 500 has risen 0.28% on Tuesday, 12/08/20. While at the time of this article, NKE ATR is sitting at 2.66, with the beta value at 0.83. This stock’s volatility for the past week remained at 1.65%, while it was 1.99% for the past 30-day period. NKE has risen $0.37 from the previous closing price of $138.75 on volume of 6.95 million shares.

On 20, November 2020, NIKE, Inc. Announces 12 Percent Increase in Quarterly Dividend. According to news published on Yahoo Finance, NIKE, Inc. (NYSE: NKE) announced today that on November 19, 2020 its Board of Directors approved a quarterly cash dividend of $0.275 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 12 percent versus the prior quarterly dividend rate of $0.245 per share. The dividend declared yesterday is payable on December 29, 2020 to shareholders of record at the close of business December 7, 2020.

Analyst Birdseye View:

The most recent analyst activity for NIKE Inc. [NYSE:NKE] stock was on September 23, 2020, when it was Upgrade with a Buy rating from Deutsche Bank, which also raised its 12-month price target on the stock from $107 to $151. Before that, on November 12, 2020, RBC Capital Mkts Recapitulated an Outperform rating and elevated its amount target to $145. On September 23, 2020, Wells Fargo Reiterated an Overweight rating and boosted its price target on this stock from $110 to $135. On September 23, 2020, Wedbush Reiterated an Outperform rating and increased its price target from $127 to $142. On September 23, 2020, UBS Reiterated a Buy rating and increased its price target to $152. On September 23, 2020, Telsey Advisory Group Reiterated an Outperform rating and boosted its amount target on this stock to $155. On September 23, 2020, Susquehanna Reiterated a Positive rating and boosted its target amount on this stock from $150 to $160. On the same date Stifel Reiterated a Buy rating and elevated its amount target to $154.

In the past 52 weeks of trading, this stock has oscillated between a low of $60.00 and a peak of $138.86. Right now, according to Wall Street analyst the average 12-month amount target is $148.00. At the most recent market close, shares of NIKE Inc. [NYSE:NKE] were valued at $139.12. According to the average price forecast, investors can expect a potential return of 3.16%.

FUNDAMENTAL ANALYSIS

NIKE Inc. [NYSE:NKE] most recently reported quarterly sales of 10.58 billion, which represented growth of -0.60%. This publicly-traded organization’s revenue is $496,286 per employee, while its income is $33,674 per employee. This company’s Gross Margin is currently 43.20%, its Operating Margin is 7.90%, its Pretax Margin is +7.72, and its Net Margin is +6.79. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 9.22, 29.70, 16.49 and 15.44 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 61.77 and the whole liability to whole assets at 41.53. It shows enduring liability to the whole principal at 58.47 and enduring liability to assets at 0.39 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 137.70 points at 1st support level, the second support level is making up to 136.28. But as of 1st resistance point, this stock is sitting at 140.49 and at 141.86 for 2nd resistance point.

NIKE Inc. [NKE] reported its earnings at $0.95 per share in the fiscal quarter closing of 8/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.47/share signifying the difference of 0.48 and 102.10% surprise value. Comparing the previous quarter ending of 5/30/2020, the stated earnings were -$0.51 calling estimates for $0.07/share with the difference of -0.58 depicting the surprise of -828.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for NIKE Inc. [NYSE:NKE] is 2.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.19, it’s amount to book ratio is 19.07 and showing 83.01 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by COOK TIMOTHY D, Director, and it was the sale of 52000.0 shares on Nov 30. Krane Hilary K, the EVP, CAO & General Counsel, completed a sale of 5670.0 shares on Oct 28. On Oct 14, Krane Hilary K, EVP, CAO & General Counsel, completed a sale of 11000.0 shares.