It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47. During the next 12 months, Nike stock price went through a tough period. Nike hit a stock price of $5.11 on February 13th, 1998, which represented a decrease of 46% in only one year. Nevertheless, patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum. If Nike stock was still traded at a price of $5.76 on January 2nd, 2003, it had nearly doubled its value by January 3rd, 2005, when its closing price was $11.34. Since 2004, the company began increasing the dividend on an annual basis.
Sports
Billionaire investors conduct careful research into every stock they buy, which is why it’s worth checking out… Nike and Kohl’s are still No. 1 choices among consumers for athletic footwear and department stores, according to a consumer sentiment study released by consulting firm AlixPartners. Nike’s share price has fallen significantly due to slower growth, but its strong fundamentals and the return of a former CEO make it a buy.
- The current trend, however, is clearly pointing upwards.
- According to 34 analysts, the average rating for NKE stock is “Buy.” The 12-month stock price forecast is $97.41, which is an increase of 25.85% from the latest price.
- NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, accessories, and services worldwide.
- The stock continued to perform well into the 1990s.
- Nike`s grip on the market comes down to a simple supply and demand formula, Josh Luber, CEO of sneaker reselling site StockX previously told Jefferies.
Financial Performance
Select to analyze similar companies using key performance metrics; select up to 4 stocks. The Stockstotrade/free training Barchart Technical Opinion rating is a 72% Sell with a Weakening short term outlook on maintaining the current direction. Investors don’t have to make guesses about where to put their money in the stock market .
Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
Can Nike’s new CEO and Jordan anniversary turn around its stock performance?
This decline was followed by a rally resulting in a closing price of $60.14 on August 3rd. The stock remained at a high level for some weeks, but fell again sharply to bottom out at $51.07 on October 13th. The current trend, however, is clearly pointing upwards. On November 15th, colmex pro forex broker review Nike stock price closed at a price of $56.63.
Analyst Price Targets
Discover which analysts rank highest on predicting the price target of NKE. Discover which analysts rank highest for NKE overall weighted by direction, price target, and price movement.
This represents an increase of over 11% compared to the low on October 13th and a year over year increase of almost 13%. According to 34 analysts, the average rating for NKE stock is “Buy.” The 12-month stock price forecast is $97.41, which is an increase of 25.85% from the Sales trader latest price. In November 2015 Nike announced it was increasing its dividend by 14%, and that its board had also approved a $12 billion share repurchase program and a two-for-one stock split. The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on how to interpret the short and longer term signals.
Julie Hyman and Madison Mills outline the analyst comments and how sentiment about Nike has shifted under its new CEO Elliott Hill’s leadership. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. A list of 10 companies well on their way to reaching dividend aristocrat status. These companies offer investors a variety of starting yields and span multiple sectors. AT&T, Altria Group, and Energy Transfer are top buys with dividends from $1K invested exceeding single share prices, meeting the dogcatcher ideal. Analysts forecast 15.47% to 28.33% net gains by Novem…