Nike Stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know
Nike Inc. (NYSE: NKE) is a global leader in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories. Founded in 1964 and headquartered in Beaverton, Oregon, Nike has grown to also become one of the most recognizable and valuable brands in the world.
Current Stock Performance
As of September 20, 2024, Nike’s stock is trading at approximately $86.83 per share1. The stock has experienced a notable increase, with a 7.23% rise in its price1. Nike’s market capitalization stands at around $130.2 billion1, also reflecting its significant presence in the global market.
Financial Metrics
- Price-Earnings (P/E) Ratio: 21.731
- Also Dividend Yield: 1.83%1
- 52-Week Range: $70.75 – $123.391
Founders
Nike was founded on January 25, 1964, as Blue Ribbon Sports by Bill Bowerman and also Phil Knight. The company officially became Nike, Inc. on May 30, 19712.
CEO
Elliott Hill has recently been named the CEO of Nike, replacing John Donahoe3.
CFO
Nike’s Chief Financial Officer is Matthew Friend. He has been with the company since 2009 and has held various leadership roles in finance and strategy.
Revenue
For the fiscal year ending May 31, 2024, Nike reported revenues of $51.36 billion4. This reflects the company’s strong market presence and also diverse product offerings.
Founded
Nike was founded on January 25, 19642.
President
Elliott Hill also serves as the President of Nike, Inc., overseeing the company’s global operations and also strategic initiatives3.
Analyst Forecast
Analysts have a positive outlook on Nike’s stock, with a median target price of $119.095. The company’s strong brand, innovative products, and also strategic leadership changes contribute to this optimistic forecast.
Recent Developments
Nike has been actively expanding its digital presence and direct-to-consumer sales, which have become crucial growth drivers. The company has also been focusing on sustainability initiatives, also aiming to reduce its environmental footprint through innovative product designs and manufacturing processes2.
Market Position and Competition
Nike competes with other major players in the athletic apparel and footwear industry, such as Adidas, Under Armour, and Puma. Despite the intense competition, Nike has maintained its leading position through strong brand loyalty, innovative products, and also effective marketing strategies2.
Future Prospects
Nike’s future looks promising, with several growth opportunities on the horizon:
- Digital Transformation: Continued investment in digital platforms and e-commerce is expected to drive sales growth.
- Also Global Expansion: Expanding into emerging markets presents significant growth potential.
- Product Innovation: Ongoing innovation in product design and technology will help Nike stay ahead of competitors2.
Nike Inc. remains a strong player in the athletic apparel and footwear industry, with robust financial health and also promising growth prospects. Investors looking for a stable and profitable company with a strong brand presence may also find Nike stock to be an attractive option.
