Is Nike stock going to split?
The Oregon-headquartered athletic shoe and clothing company said Thursday both classes of its stock will split on December 24 and it expects its common stock to begin trading at the split-adjusted price on December 26.
History of Nike Stock Splits
Nike has performed a 2-FOR-1 stock split seven times in its history, with the first one occurring in 1983 and the most recent one occurring in 2015.
The global leader in athletic apparel is a market outperformer that can help investors sleep well at night. Over the trailing five- and 10-year periods, Nike's (NKE -2.24%) stock has produced stellar returns of 129% and 353%, respectively, handily beating the S&P 500.
Considering the price multiples, again Nike is very overvalued since its multiples are far higher than those of its competitors in the same sector.
Stock Price Forecast
The 29 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 100.00. The median estimate represents a +13.13% increase from the last price of 114.91.
| Company (Click for Company Information) | Symbol | Announcement Date |
|---|---|---|
| Medlab Clinical Ltd | MDBBD | 6/30/2022 |
| Nasdaq Inc Company Website | NDAQ | 7/20/2022 |
| Nutriband Inc Company Website | NTRB | 7/29/2022 |
| REX American Resources Corp Company Website | REX | 6/23/2022 |
Nike has been paying out quarterly cash dividends to its shareholders since 1985. Moreover, it has increased its dividend for 15 consecutive years, which puts it on pace to become an S&P 500 dividend aristocrat.
Historical daily share price chart and data for NIKE since 1980 adjusted for splits. The latest closing stock price for NIKE as of July 29, 2022 is 114.92. The all-time high NIKE stock closing price was 177.51 on November 05, 2021.
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The iconic sports brand is struggling to get output back to full strength. Nike (NKE 2.40%) is having a rough start to 2022. The stock is down 21% through the first two months, and the company is hampered with output disruptions due to the pandemic and its myriad consequences.
Is Nike a buy right now?
Investors should take notice amid its recent pullback: Nike is now trading below its five-year average P/E multiple and may continue lingering at these levels for a bit. Nike grants investors a triple threat with sound financials, an attractive valuation, and an unrivaled brand image.
From 2011 through 2021, Nike more than doubled annual revenue while more than tripling its yearly diluted earnings per share. Nike's focus on direct-to-consumer sales is serving investors well.
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USD 112.33 1.97 1.72%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
Based on our forecasts, a long-term increase is expected, the "NKE" stock price prognosis for 2027-07-30 is 218.278 USD. With a 5-year investment, the revenue is expected to be around +92.35%. Your current $100 investment may be up to $192.35 in 2027.
What is NKE's Price Target? According to 23 Wall Street analysts that have issued a 1 year NKE price target, the average NKE price target is $144.65, with the highest NKE stock price forecast at $196.00 and the lowest NKE stock price forecast at $115.00.
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Munafa value: 65 as on 27 Wed Jul 2022.
| Upside target | 109.96 |
|---|---|
| Upside target | 108.91 |
| Downside target | 107.33 |
| Downside target | 107.23 |
| Downside target | 106.28 |
Any decision you make — buy, hold or sell — is not likely to have a much different outcome if you make it just before or just after the split. Since a stock split is announced prior to being executed, any post-split bump that the market expects is baked into the price by the time the split actually occurs.
| Company | Stock Split Ratio | Payable Date |
|---|---|---|
| Amazon (NASDAQ:AMZN) | 20-for-1 | June 3, 2022 |
| Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) | 20-for-1 | July 15, 2022 |
| Shopify (NYSE:SHOP) | 10-for-1 | June 28, 2022 |
| DexCom (NASDAQ:DXCM) | 4-for-1 | June 10, 2022 |
When is the Google stock split? The Alphabet stock split will be issued on July 15 2022. Shareholders of Alphabet Inc voted to approve the stock split at the company's annual general meeting on June 1. On the 15 July, each shareholder will then own 20 shares for each single share they held before that date.
According to financial projections sourced from S&P Capital IQ, Nike is expected to achieve revenue and normalized EPS CAGRs of +9.9% and +17.7%, respectively for the FY 2022-2025 period. Wall Street also sees NKE generating a 48.6% gross profit margin and a 17.9% EBIT margin in FY 2025.
Is Nike a blue chip?
Blue-chip stocks are companies that have been around for a long time, are worth a lot of money, and are financially healthy. Most blue-chips are household names like Nike and Coca-Cola.
Most analysts still kept favorable ratings on Nike's stock. The price target reductions follow reductions by many investment firms in recent weeks due to concerns over the impact of lockdowns in China. The company updated its outlook after reporting fiscal fourth-quarter results that topped Wall Street targets.
1. Monster Beverage Corp (MNST)
If you short a stock at $10, it can't go lower than zero, so you can't make more than $10 per share on the trade. But there's no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
Investing $1,000 In Nike IPO: Nike went public in December 1980 with an offering price of $22 . A $1,000 investment in Nike shares at IPO could have purchased 45.45 shares.
Yes, dividends can make you rich. However, it requires regular investment in high-quality dividend stocks, low investment costs, a tax minimization strategy, and a great deal of time in the market.
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Money market funds.
- Government bonds.
- Corporate bonds.
- Mutual funds.
- Index funds.
- Exchange-traded funds (ETFs)
Depending on how much money you have in those stocks or funds, their growth over time, and how much you reinvest your dividends, you could be generating enough money to live off of each year, without having any other retirement plan.
27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NIKE stock.
Analysts agree, though, that Nike is poised for continued growth, which should have an impact on the company's share price. That's because it is consistently focused on product and marketing innovation.
What's the highest Nike stock has ever been?
The all-time high NIKE stock closing price was 177.51 on November 05, 2021.
Amazon Announces 20-1 Stock Split
Amazon approved a 20-1 stock split and a $10 billion stock buyback on March 9. The board said the split would “give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest.”
It's also worth noting that at the time, no one, Magic included, had any idea how big Nike would become. While Magic turned down Nike, six-time NBA Champion and Charlotte Hornets owner Michael Jordan didn't, and today his Jordan Brand is worth more than $10 billion, according to Forbes.
