NIKE (NYSE:NKE) Given New $82.00 Price Target at Deutsche Bank Aktiengesellschaft

NIKE (NYSE:NKE) had its price target decreased by research analysts at Deutsche Bank Aktiengesellschaft from $92.00 to $82.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 5.17% from the company’s previous close.

A number of other equities analysts have also commented on NKE. Morgan Stanley lowered their price target on shares of NIKE from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, December 13th. Royal Bank of Canada decreased their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Truist Financial upgraded shares of NIKE from a “hold” rating to a “buy” rating and increased their price target for the stock from $83.00 to $97.00 in a research report on Thursday, October 10th. TD Cowen reduced their target price on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. reduced their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.15.

NIKE Price Performance

Shares of NKE opened at $77.97 on Monday. The company’s 50-day moving average is $78.39 and its 200-day moving average is $80.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm has a market capitalization of $116.91 billion, a PE ratio of 22.34, a PEG ratio of 1.93 and a beta of 1.02. NIKE has a fifty-two week low of $70.75 and a fifty-two week high of $123.39.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts forecast that NIKE will post 2.73 EPS for the current year.

Hedge Funds Weigh In On NIKE

Several institutional investors and hedge funds have recently bought and sold shares of the company. Denver PWM LLC boosted its holdings in NIKE by 9.7% in the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker’s stock worth $228,000 after buying an additional 227 shares during the period. Tidal Investments LLC boosted its holdings in shares of NIKE by 65.4% in the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker’s stock worth $9,332,000 after acquiring an additional 41,752 shares during the period. Soltis Investment Advisors LLC grew its position in shares of NIKE by 12.2% in the third quarter. Soltis Investment Advisors LLC now owns 36,010 shares of the footwear maker’s stock valued at $3,183,000 after purchasing an additional 3,918 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in NIKE by 8.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 265,449 shares of the footwear maker’s stock worth $23,466,000 after purchasing an additional 20,043 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in NIKE by 59.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,055,597 shares of the footwear maker’s stock worth $93,315,000 after purchasing an additional 395,434 shares during the period. 64.25% of the stock is owned by institutional investors.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.