Analysts Set Nike Inc (NYSE:NKE) PT at $113.19

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Shares of Nike Inc (NYSE:NKE) have received a consensus rating of “Buy” from the thirty-nine analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $130.76.

A number of research analysts have recently weighed in on the company. Susquehanna Bancshares raised their target price on Nike from $150.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday. DZ Bank restated a “sell” rating on shares of Nike in a report on Friday, June 26th. Goldman Sachs Group restated a “buy” rating and issued a $140.00 target price (up previously from $126.00) on shares of Nike in a report on Wednesday. Credit Suisse Group set a $154.00 price target on Nike and gave the stock an “outperform” rating in a report on Wednesday. Finally, Argus reiterated a “buy” rating and set a $115.00 price target on shares of Nike in a report on Tuesday, June 30th.

In related news, COO Andrew Campion sold 5,043 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $97.12, for a total transaction of $489,776.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hilary K. Krane sold 11,000 shares of the business’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $96.33, for a total value of $1,059,630.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 241,056 shares of company stock valued at $26,663,725. 3.80% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Atria Investments LLC purchased a new position in Nike during the second quarter worth about $4,617,000. Two Sigma Advisers LP grew its position in Nike by 1,225.7% during the second quarter. Two Sigma Advisers LP now owns 958,499 shares of the footwear maker’s stock worth $93,981,000 after buying an additional 886,199 shares in the last quarter. Demars Financial Group LLC purchased a new position in Nike during the second quarter worth about $42,000. Schonfeld Strategic Advisors LLC purchased a new position in Nike during the second quarter worth about $3,145,000. Finally, FinTrust Capital Advisors LLC grew its position in Nike by 241.3% during the second quarter. FinTrust Capital Advisors LLC now owns 4,662 shares of the footwear maker’s stock worth $457,000 after buying an additional 3,296 shares in the last quarter. Institutional investors and hedge funds own 64.20% of the company’s stock.

Nike stock traded up $10.24 during mid-day trading on Wednesday, reaching $127.11. The stock had a trading volume of 37,778,723 shares, compared to its average volume of 7,974,083. Nike has a fifty-two week low of $60.00 and a fifty-two week high of $130.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.59 and a current ratio of 2.48. The stock’s 50-day simple moving average is $109.88 and its 200-day simple moving average is $95.56. The firm has a market capitalization of $182.30 billion, a PE ratio of 79.45, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 22nd. The footwear maker reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.49. Nike had a return on equity of 32.95% and a net margin of 6.79%. The company had revenue of $10.59 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts forecast that Nike will post 2.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, August 28th. Nike’s dividend payout ratio (DPR) is presently 52.97%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Analyst Recommendations for Nike (NYSE:NKE)

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