Nike Stock Hits New 52-Week High (NKE)

NEW YORK ( TheStreet) -- Nike (NYSE: NKE) hit a new 52-week high Monday as it is currently trading at $112, above its previous 52-week high of $111.78 with 185,919 shares traded as of 9:35 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Nike has a market cap of $37.71 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 15.4% year to date as of the close of trading on Friday.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company has a P/E ratio of 23.7, above the average consumer non-durables industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Nike Ratings Report.

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