Nike, Inc. (NYSE:NKE)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a note issued to investors on Monday. They presently have a $65.00 price target on the footwear maker’s stock. Citigroup Inc.’s target price indicates a potential upside of 26.53% from the company’s previous close.

Other analysts have also issued reports about the company. UBS AG reissued a “buy” rating and issued a $62.00 price objective (down from $63.00) on shares of Nike in a report on Tuesday, June 27th. FBR & Co set a $53.00 price objective on Nike and gave the company a “hold” rating in a report on Saturday, July 1st. Wells Fargo & Company set a $56.00 price objective on Nike and gave the company a “hold” rating in a report on Saturday, July 1st. Piper Jaffray Companies set a $50.00 price objective on Nike and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, Canaccord Genuity set a $51.00 price objective on Nike and gave the company a “hold” rating in a report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.14.

Nike (NYSE:NKE) traded up 0.77% on Monday, hitting $51.37. The stock had a trading volume of 9,299,326 shares. The stock has a market cap of $67.41 billion, a P/E ratio of 20.47 and a beta of 0.61. The company’s 50 day moving average is $52.64 and its 200-day moving average is $54.80. Nike has a 12 month low of $49.01 and a 12 month high of $60.53.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Analysts forecast that Nike will post $2.32 EPS for the current year.

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In other news, CFO Andrew Campion sold 5,722 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the completion of the sale, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. Insiders have sold a total of 134,045 shares of company stock valued at $7,778,338 over the last ninety days. 3.90% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Nike by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after purchasing an additional 2,452,993 shares during the last quarter. State Street Corp raised its stake in Nike by 1.4% during the 1st quarter. State Street Corp now owns 59,554,253 shares of the footwear maker’s stock valued at $3,319,086,000 after acquiring an additional 835,003 shares during the last quarter. Wellington Management Group LLP raised its stake in Nike by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock valued at $2,781,332,000 after acquiring an additional 2,375,447 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Nike by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 29,087,830 shares of the footwear maker’s stock valued at $1,621,066,000 after acquiring an additional 144,846 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Nike by 10.4% during the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after acquiring an additional 2,274,869 shares during the last quarter. 62.55% of the stock is owned by institutional investors and hedge funds.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Analyst Recommendations for Nike (NYSE:NKE)

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