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Nike (NYSE:NKE) reached a new 52-week high on Monday , AmericanBankingNews.com reports. The stock traded as high as $80.30 and last traded at $80.12, with a volume of 1,374,187 shares traded. The stock had previously closed at $79.29.

A number of research firms have recently commented on NKE. 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. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.48.

The stock’s 50-day moving average is $77.67 and its 200-day moving average is $75.76. The company has a market cap of $69.559 billion and a price-to-earnings ratio of 26.70.

Nike (NYSE:NKE) last announced its earnings results 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. Nike’s revenue was up 10.9% compared to the same quarter last year. Analysts expect that Nike will post $3.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Investors 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 1.21%. The ex-dividend date of this dividend is Thursday, August 28th.

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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