Nike Sees Unusually High Options Volume (NKE)
Nike (NYSE:NKE) saw unusually large options trading on Friday. Investors acquired 38,747 call options on the company, American Banking & Market News reports. This represents an increase of approximately 371% compared to the typical daily volume of 8,227 call options.
NKE has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of Nike (NYSE:NKE) from $80.00 to $90.00 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Nike (NYSE:NKE) from $75.00 to $85.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Nike (NYSE:NKE) to $83.00 in a research note to investors on Friday. Thirteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Nike has a consensus rating of “Buy” and a consensus target price of $73.54.
Shares of Nike (NYSE:NKE) traded up 4.69% on Friday, hitting $73.64. The stock had a trading volume of 15,591,505 shares. Nike has a one year low of $44.825 and a one year high of $70.56. The stock has a 50-day moving average of $66.0 and a 200-day moving average of $62.84. The company has a market cap of $65.566 billion and a P/E ratio of 25.93.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the company posted $1.23 earnings per share. Nike’s revenue was up 7.7% compared to the same quarter last year.
NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
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