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Like an athlete going through a slump, Nike (NYSE: NKE) finds itself at a critical juncture. Despite the sharp decline, Nike's stock still commands a premium valuation at 30.8 times forward earnings.
Nike (NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. The lower share price means that investors can buy the stock at a lower multiple of Nike's sales ...
Shares are down 24% this year, with an even steeper 52% decline from its all-time high stock price of $171.71 in November 2021. Nike has struggled to navigate shifting consumer spending trends.
In November 2015, Nike announced it would initiate a $12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24. [64] The split will be the seventh in company history.
As Nike's stock price has languished, its dividend yield has gone up. In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend.
Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
Nike stock now trades at a forward price-to-earnings (P/E) ratio of about 25 times next fiscal year's estimates, which is one of the cheaper levels it has traded at over the past few years.
Friday marked the worst single-day decline in Nike stock's history. ... Straton cut her price target to $79 from $114. "While undergoing strategic change, recent performance has been riddled with ...