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Investment analysts at Stifel Nicolaus boosted their price objective on shares of Nike (NYSE:NKE) from $87.00 to $89.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 14.57% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush raised their price target on shares of Nike from $78.00 to $80.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Nike from $70.00 to $75.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Nike from $83.00 to $90.00 in a research note on Friday. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.63.

Shares of Nike (NYSE:NKE) traded up 1.07% during mid-day trading on Friday, hitting $77.68. The stock had a trading volume of 9,071,120 shares. Nike has a one year low of $61.90 and a one year high of $80.26. The stock has a 50-day moving average of $75.37 and a 200-day moving average of $75.24. The company has a market cap of $68.214 billion and a P/E ratio of 26.24. Nike also was the recipient of unusually large options trading on Thursday. Stock investors purchased 39,193 put options on the stock. This is an increase of approximately 818% compared to the typical volume of 4,268 put options.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts predict that Nike will post $3.37 earnings per share 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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