Nike (NKE) has a market cap of $98.3 billion. It fell by 0.22% to close at $57.74 per share on July 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.6%, 8.0%, and -7.1%, respectively, on the same day.
NKE is trading 4.2% above its 20-day moving average, 3.7% above its 50-day moving average, and 4.0% below its 200-day moving average.
Related ETF and peers
The iShares Russell Top 200 Growth ETF (IWY) invests 1.2% of its holdings in Nike. The ETF tracks an index of US large-cap growth stocks selected from 200 of the largest US companies by market cap. The YTD price movement of IWY was 3.9% on July 18.
The market caps of Nike’s competitors are as follows:
Nike’s key appointments
Steve Lesnard has been appointed vice president (or VP) and general manager (or GM) of Global Running, effective August 1, 2016. Lesnard will report to Jayme Martin, VP and GM of Global Categories. Patrick Seehafer has been appointed as VP of Europe Merchandising.
Nike in fiscal 4Q16
Nike reported fiscal 4Q16 revenues of $8.2 billion, a rise of 5.1% from $7.8 billion in fiscal 4Q15. Revenues of footwear and apparel brands rose 6.3% and 3.9%, respectively, and revenues from equipment fell 5.8% in fiscal 4Q16 compared to fiscal 4Q15. Revenues from Western Europe, Greater China, and Japan rose 18.5%, 18.1%, and 21.7%, respectively. Revenues from Central & Eastern Europe and emerging markets fell 4.2% and 6.6%, respectively, in fiscal 4Q16 compared to fiscal 4Q15.
Nike’s net income fell to $846.0 million in fiscal 4Q16 compared to $865.0 million in fiscal 4Q15. It reported EPS (earnings per share) of $0.49 for fiscal 4Q16 and fiscal 4Q15.
In fiscal 4Q16, the company repurchased a total of 9.0 million shares worth ~$540 million under the share repurchase program of $12 billion approved by the board of directors in November 2015.
Fiscal 2016 results
In fiscal 2016, Nike reported revenue of $32.4 billion, a rise of 5.9% year-over-year. The company’s gross profit margin rose by 0.43% in fiscal 2016. Its net income and EPS rose to $3.8 billion and $2.2, respectively, in fiscal 2016 compared to $3.3 billion and $1.85, respectively, in fiscal 2015.
Nike’s cash and cash equivalents fell 18.5%, and its inventories rose 11.6% in fiscal 2016. Its current ratio and debt-to-equity ratio rose to 2.8x and 0.75x, respectively, in fiscal 2016 from 2.5x and 0.70x, respectively, in fiscal 2015.
In fiscal 2016, the company repurchased a total of 55.4 million shares worth ~$3.2 billion at an average price of $58.44 under the old and new share repurchase programs of $8 billion and $12 billion, respectively.
As of May 31, 2016, Nike has scheduled a delivery of $14.9 billion in orders from June to November 2016. This translates to a rise of 8% in orders compared to the prior year and a rise of 11% on a currency-neutral basis.
In the next part of this series, we’ll take a look at Fiat Chrysler Automobiles.