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Analyzing the Price-to-Earnings Ratio of NIKE Inc. (NKE)

The price-to-earnings ratio for NIKE Inc. (NYSE: NKE) is above average at 29.83x. The 36-month beta value for NKE is also noteworthy at 1.12. There are mixed opinions on the stock, with 17 analysts rating it as a “buy,” 6 rating it as “overweight,” 8 rating it as “hold,” and 3 rating it as “sell.”

The average price estimated by analysts for NKE is $126.97, which is $28.87 above than the current price. The public float for NKE is 1.21B, and at present, short sellers hold a 1.07% of that float. The average trading volume of NKE on September 18, 2023 was 7.55M shares.

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NKE) stock’s latest price update

The stock price of NIKE Inc. (NYSE: NKE) has dropped by -0.96 compared to previous close of 97.19. Despite this, the company has seen a fall of -1.44% in its stock price over the last five trading days. The Motley Fool reported 2023-09-17 that Nike has long dominated the market for sports apparel and footwear, and it has a global presence. Lululemon’s growth in recent years is impressive, something management thinks will continue.

NKE’s Market Performance

NKE’s stock has fallen by -1.44% in the past week, with a monthly drop of -9.64% and a quarterly drop of -14.37%. The volatility ratio for the week is 1.69% while the volatility levels for the last 30 days are 1.69% for NIKE Inc. The simple moving average for the last 20 days is -3.71% for NKE’s stock, with a simple moving average of -16.29% for the last 200 days.

Analysts’ Opinion of NKE

Many brokerage firms have already submitted their reports for NKE stocks, with Stifel repeating the rating for NKE by listing it as a “Buy.” The predicted price for NKE in the upcoming period, according to Stifel is $135 based on the research report published on August 28, 2023 of the current year 2023.

NKE Trading at -8.25% from the 50-Day Moving Average

After a stumble in the market that brought NKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.69% of loss for the given period.

Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares sank -8.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.41% lower at present.

During the last 5 trading sessions, NKE fell by -1.44%, which changed the moving average for the period of 200-days by -8.29% in comparison to the 20-day moving average, which settled at $99.53. In addition, NIKE Inc. saw -17.73% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NKE starting from Matheson Monique S., who sale 40,000 shares at the price of $108.59 back on Aug 08. After this action, Matheson Monique S. now owns 44,736 shares of NIKE Inc., valued at $4,343,678 using the latest closing price.

Friend Matthew, the EVP: CFO of NIKE Inc., sale 5,545 shares at $107.00 during a trade that took place back on Aug 03, which means that Friend Matthew is holding 42,119 shares at $593,315 based on the most recent closing price.

Stock Fundamentals for NKE

Current profitability levels for the company are sitting at:

  • +10.38 for the present operating margin
  • +42.36 for the gross margin

The net margin for NIKE Inc. stands at +9.90. The total capital return value is set at 19.66, while invested capital returns managed to touch 19.24. Equity return is now at value 34.00, with 13.00 for asset returns.

Based on NIKE Inc. (NKE), the company’s capital structure generated 86.72 points at debt to equity in total, while total debt to capital is 46.44. Total debt to assets is 32.36, with long-term debt to equity ratio resting at 83.64. Finally, the long-term debt to capital ratio is 44.80.

When we switch over and look at the enterprise to sales, we see a ratio of 2.91, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 11.64 and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.


In summary, NIKE Inc. (NKE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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