Brokerages Set NIKE, Inc. (NYSE:NKE) PT at $89.58

Shares of NIKE, Inc. (NYSE:NKE) have received a consensus rating of “Moderate Buy” from the thirty research firms that are presently covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $89.96.

Several analysts have recently commented on NKE shares. JPMorgan Chase & Co. reduced their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Sanford C. Bernstein decreased their price target on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, September 19th. UBS Group reiterated a “neutral” rating and set a $73.00 price target on shares of NIKE in a research note on Thursday, December 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NIKE

A number of institutional investors and hedge funds have recently made changes to their positions in NKE. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE during the third quarter worth approximately $30,000. VitalStone Financial LLC raised its position in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC boosted its stake in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares during the period. Strategic Financial Concepts LLC purchased a new position in NIKE during the 2nd quarter worth $48,000. Finally, Ecofi Investissements SA acquired a new position in NIKE in the second quarter valued at $49,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Up 0.0 %

NKE opened at $71.31 on Thursday. NIKE has a twelve month low of $70.75 and a twelve month high of $107.43. The stock has a market capitalization of $105.48 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.89 and a beta of 1.02. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $76.29 and a 200 day simple moving average of $78.36.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Analysts predict that NIKE will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Monday, December 2nd. NIKE’s payout ratio is currently 49.38%.

NIKE Company Profile

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.