Nike Receives Consensus Rating of “Buy” from Analysts (NYSE:NKE)
Shares of Nike (NYSE:NKE) have earned an average rating of “Buy” from the twenty-nine ratings firms that are currently covering the company, AnalystRatings.Net reports. Seven investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $83.48.
NKE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Nike in a research note on Thursday, July 17th. They now have a $81.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Nike from $78.00 to $80.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Nike from $70.00 to $75.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock.
Shares of Nike (NYSE:NKE) opened at 77.06 on Friday. Nike has a 52-week low of $62.60 and a 52-week high of $80.26. The stock’s 50-day moving average is $77.40 and its 200-day moving average is $75.4. The company has a market cap of $66.911 billion and a P/E ratio of 25.95.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts predict that Nike will post $3.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%.
In other Nike news, CFO Donald W. Blair sold 50,000 shares of the stock on the open market in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $79.25, for a total transaction of $3,962,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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