The world’s largest and most recognizable sportswear brand, Nike, is a favorite of athletes and everyday people alike. But how much is a share of this iconic company actually worth? In this article, we’ll explore the current value of Nike shares, what factors can affect the share price, and the potential for investors who are considering buying Nike stock.
As of October 1, 2020, Nike’s stock (NKE) is trading at $125.39 per share. Nike’s all-time high stock price was $134.70 on October 31, 2019. The company’s market capitalization stands at $171.63 billion.
Nike Stock Price
Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. As of 2019, it is the world’s largest supplier of athletic shoes and apparel and the parent company of the Nike, Converse, Hurley, and Jordan brands.
What is the Current Price of Nike Stock?
The current price of Nike stock (NKE) as of September 2, 2020 is $120.97 per share. This price is up from its 52-week low of $60.10 per share and down from its 52-week high of $137.98 per share.
What Factors Affect the Price of Nike Stock?
The price of Nike stock is affected by several factors, including general market conditions, economic conditions, interest rates, and the company’s performance. Other factors that can affect the price of Nike stock include the company’s business activities, such as new product releases, advertising campaigns, and mergers and acquisitions.
What is the Dividend Yield for Nike Stock?
Nike does not currently pay a dividend. However, the company has rewarded shareholders with share repurchases and dividend increases in the past.
Are There Any Analysts’ Predictions for Nike Stock?
Analysts have issued a consensus forecast of $125.00 per share for Nike stock over the next 12 months. This is based on the average of the individual price targets set by the analysts who cover the stock. Over the past year, analysts have revised their forecasts upwards, reflecting the company’s strong performance.
Top 6 Frequently Asked Questions
What is the current stock price of Nike?
As of April 17, 2021, the stock price of Nike (NKE) is $128.15 per share. The stock has seen a steady increase in price since the start of 2021, and has outperformed the S&P 500 by over 11% this year.
What is the market capitalization of Nike?
Nike’s market capitalization is currently $208.2 billion as of April 17, 2021. This figure is calculated by taking the current stock price of Nike ($128.15) and multiplying it by the total number of outstanding shares (1.633 billion).
What is the dividend yield of Nike?
Nike pays a quarterly dividend of 0.52 per share, which works out to an annual dividend yield of 1.3%. This is slightly lower than the average dividend yield of the S&P 500, which is currently 1.8%.
What is the price-to-earnings (P/E) ratio of Nike?
Nike’s current P/E ratio is 40.5. This is much higher than the S&P 500’s average P/E of 25, indicating that Nike is trading at a premium compared to the broader market.
What is the projected future earnings of Nike?
Analysts expect Nike’s earnings to grow by an average of 13.5% per year over the next five years. This means that analysts expect the company’s earnings to double in size over the next five years.
What is the outlook for Nike’s shares?
The outlook for Nike’s shares is positive. Analysts expect the company’s earnings to continue to grow in the coming years, and the company is well-positioned to capitalize on the increasing demand for athletic apparel. As a result, many analysts are bullish on Nike’s shares, and expect the stock to continue to outperform the broader market.
Nike’s shares have proven to be a reliable and profitable investment. With a strong brand presence and an experienced management team, the company is well positioned to continue to reward shareholders with a steady stream of dividends and capital appreciation. As the sports and apparel industry continues to evolve and grow, investors should consider adding Nike to their portfolio as it offers a great opportunity to benefit from the company’s success.
