Nike Inc. (NKE) Declares Quarterly Dividend of $0.24
Nike (NYSE:NKE) declared a quarterly dividend on Thursday, February 13th, Stock Ratings Network.com reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.24 per share on Monday, April 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%.
A number of research firms have recently commented on NKE. Analysts at Nomura initiated coverage on shares of Nike in a research note on Wednesday. They set a “buy” rating and a $85.00 price target on the stock. On the ratings front, analysts at Macquarie initiated coverage on shares of Nike in a research note on Friday, January 17th. They set a “neutral” rating and a $80.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Nike from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.13.
Nike (NYSE:NKE) traded up 1.03% during mid-day trading on Thursday, hitting $74.87. 3,080,902 shares of the company’s stock traded hands. Nike has a one year low of $53.27 and a one year high of $80.26. The stock has a 50-day moving average of $74.59 and a 200-day moving average of $72.65. The company has a market cap of $66.296 billion and a P/E ratio of 23.65.
Nike (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.01. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that Nike will post $2.99 EPS for the current fiscal 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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