NIKE, Inc. (NYSE:NKE) Receives $136.88 Consensus PT from Analysts

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Shares of NIKE, Inc. (NYSE:NKE) have been assigned an average recommendation of “Buy” from the thirty-five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $137.03.

A number of brokerages have commented on NKE. Wells Fargo & Company raised their price objective on NIKE from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. Raymond James raised their price objective on NIKE from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, September 18th. Morgan Stanley raised their price objective on NIKE from $121.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, September 18th. Citigroup raised their price objective on NIKE from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Finally, DZ Bank reiterated a “sell” rating on shares of NIKE in a report on Friday, June 26th.

NYSE:NKE traded down $1.00 during trading hours on Monday, hitting $128.00. 6,011,173 shares of the company’s stock traded hands, compared to its average volume of 7,844,968. The stock’s fifty day moving average price is $120.42 and its two-hundred day moving average price is $101.42. The firm has a market cap of $199.67 billion, a P/E ratio of 76.65, a P/E/G ratio of 2.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.77 and a current ratio of 2.55. NIKE has a twelve month low of $60.00 and a twelve month high of $131.34.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 22nd. The footwear maker reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.49. NIKE had a return on equity of 34.62% and a net margin of 7.20%. The firm had revenue of $10.59 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that NIKE will post 2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, August 31st were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, August 28th. NIKE’s dividend payout ratio is 52.97%.

In related news, insider Heidi O’neill sold 10,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $105.00, for a total transaction of $1,050,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andrew Campion sold 5,043 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 841,962 shares of company stock worth $103,292,012. 3.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in NIKE by 5.2% in the 2nd quarter. BlackRock Inc. now owns 95,685,586 shares of the footwear maker’s stock valued at $9,381,973,000 after acquiring an additional 4,708,888 shares in the last quarter. Bank of New York Mellon Corp increased its position in NIKE by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,767,069 shares of the footwear maker’s stock valued at $2,624,512,000 after acquiring an additional 219,450 shares in the last quarter. Capital World Investors increased its position in NIKE by 2.5% in the 1st quarter. Capital World Investors now owns 20,704,258 shares of the footwear maker’s stock valued at $1,713,079,000 after acquiring an additional 508,120 shares in the last quarter. Morgan Stanley increased its position in NIKE by 34.4% in the 1st quarter. Morgan Stanley now owns 20,528,550 shares of the footwear maker’s stock valued at $1,698,534,000 after acquiring an additional 5,256,195 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in NIKE by 0.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 12,847,672 shares of the footwear maker’s stock valued at $1,259,714,000 after acquiring an additional 45,165 shares in the last quarter. Hedge funds and other institutional investors own 64.20% of the company’s stock.

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other 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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