NIKE, Inc. (NYSE:NKE) Receives $81.57 Consensus Target Price from Analysts

Shares of NIKE, Inc. (NYSE:NKE) have earned an average recommendation of “Moderate Buy” from the thirty-six research firms that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $82.2069.

Several research analysts have recently issued reports on the stock. Argus upgraded shares of NIKE to a “buy” rating in a report on Sunday, July 6th. Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, September 10th. Needham & Company LLC restated a “buy” rating and set a $78.00 price objective on shares of NIKE in a report on Wednesday, October 1st. Zacks Research upgraded shares of NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $90.00 price objective on shares of NIKE in a report on Monday, October 13th.

NIKE Stock Performance

Shares of NKE opened at $67.46 on Friday. The company has a market capitalization of $99.72 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29. NIKE has a one year low of $52.28 and a one year high of $83.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The company’s fifty day moving average price is $73.10 and its 200 day moving average price is $67.38.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. As a group, analysts expect that NIKE will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. NIKE’s payout ratio is presently 82.05%.

Insider Transactions at NIKE

In related news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional Trading of NIKE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management increased its stake in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock valued at $627,000 after acquiring an additional 416 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock valued at $69,932,000 after buying an additional 5,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in NIKE in the first quarter valued at about $25,963,000. BROOKFIELD Corp ON boosted its position in NIKE by 36.2% in the first quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock valued at $41,808,000 after buying an additional 175,000 shares in the last quarter. Finally, Cadence Bank boosted its position in NIKE by 10.0% in the first quarter. Cadence Bank now owns 83,002 shares of the footwear maker’s stock valued at $5,269,000 after buying an additional 7,574 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

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.