For more information on risks and conflicts of interest, see these disclosures. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has http://dotbig.com/markets/stocks/NKE/ been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Nike just beat Wall Street expectations for its first-quarter earnings report Thursday afternoon.
- The unit implemented the price cuts in order “to liquidate excess inventory,” Nike explained.
- Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management.
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- Shareholders of record on Tuesday, September 6th will be paid a dividend of $0.305 per share on Monday, October 3rd.
The ex-dividend date of this dividend is Friday, September 2nd. Nike needs to make sure there are enough products on hand in case of high demand.
All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. However, Nike noted gross margin fell sharply vs. a year earlier to 44.3% driven by higher logistics costs, lower NIKE Direct margins from markdowns and unfavorable currency exchange rates. The overall decrease in margins was primarily driven by the North American segment, as Nike worked to liquidate excess inventory through its Direct sales and wholesale strategies.
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The most recent change in the company’s dividend was an increase of $0.03 on Thursday, November 18, 2021. Over the past three years, the company’s dividend has grown by an average of 11.28% per year. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index quotes are real-time. We expect sluggish economic growth and low inflation to provide the Fed with enough room to begin loosening monetary policy. One share of NIKE stock price today can currently be purchased for approximately $91.72. Nike’s Stock Sale Won’t Run For LongInvestors who keep their eyes on the finish line have an opportunity to buy a premium consumer stock at a significant discount.
Here are some key insights as we drill into the specifics of these quality attributes.NKE has a Quality Grade of B, ranking ahead of 88.52% of graded US stocks. NKE’s price/sales ratio has moved up 1.8 over the prior 243 months. Our clearing firm, Apex Clearing Corporation, has purchased an additional insurance policy. dotbig broker Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. IBD Videos Get market updates, educational videos, webinars, and stock analysis. The stock market ramped higher again Tuesday, helped by a sharp drop in the 10-year Treasury yield, as more buy…
Nike Dividend History By Quarter
New Investing with IBD Podcast Tune into this week’s podcast with guest Thomas Carr on preparing for the next Forex bull run. For fiscal 2022, Nike Digital sales rose 18% to $10.7 billion, up from $9.1 billion in 2021.
Stocks with similar financial metrics, market capitalization, and price volatility to NIKE INC are CVS, HON, CMCSA, HDB, and MS. What analysts recommend for https://www.forexlive.com/, on a scale from 1 to 5. Get Started Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content. Shortages have turned to gluts, off-price retailers could benefit, Barron’s says Shortages have turned into surpluses-and that’s bad news for goods producers and sellers everywhere.
The P/E ratio of NIKE is 25.98, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 10.55. In the past three months, NIKE insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,141,119.00 in company stock. NIKE pays a meaningful dividend of 1.39%, higher than the bottom 25% of all stocks that pay dividends. Short interest in NIKE has recently decreased by 7.01%, indicating that investor sentiment is improving significantly. Adidas cutting ties with the one-time juggernaut Yeezy brand is going to sting, one Wall Street analyst explained. Join thousands of traders who make more informed decisions with our premium features.
Nke Dividend Payments
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. https://dotbig.com/ We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. A financial holding company, a medical device company, and three more microcap stocks could see a spike in share prices… All due to an earnings announcement coming very soon.
Market Data And Calendars
Nike, the largest athletic footwear brand in all major categories and in all major markets, dominates categories like running and basketball with popular shoe styles. While it does face significant competition, we believe it has proven over NKE stock price a long period that it can maintain share and pricing. 32 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for NIKE in the last year. There are currently 12 hold ratings and 20 buy ratings for the stock.
For fiscal 2023, Nike projects to low-to-mid single digit revenue growth. It predicts gross margin to decline 200 basis points to 250 basis points, with negative foreign exchange headwinds of about $4 billion during the year. Nike updates rules for shoppers, cracking down on shoe reselling, WSJ reports In an effort to crack down on sneaker-buying bots, Nike said it would cancel orders placed with automated… Data are provided ‘as Forex news is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Provide specific products and services to you, such as portfolio management or data aggregation.
Nike Stock Rating
Learn about financial terms, types of investments, trading strategies, and more. MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks. This score is calculated http://dotbig.com/markets/stocks/NKE/ as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.46 average news sentiment score of Consumer Discretionary companies.