Nike (NYSE:NKE) has been assigned a $76.00 target price by stock analysts at Deutsche Bank in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the footwear maker’s stock. Deutsche Bank’s target price points to a potential upside of 18.20% from the stock’s current price.
Several other analysts have also recently issued reports on NKE. B. Riley reiterated a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. Goldman Sachs Group set a $59.00 target price on shares of Nike and gave the stock a “neutral” rating in a research note on Thursday. DA Davidson set a $68.00 target price on shares of Nike and gave the stock a “buy” rating in a research note on Thursday. Susquehanna Bancshares reiterated a “hold” rating and issued a $57.00 target price on shares of Nike in a research note on Wednesday. Finally, Vetr cut shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 target price on the stock. in a research note on Thursday. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-one have issued a buy rating to the company. Nike presently has a consensus rating of “Hold” and a consensus target price of $60.14.
Nike (NYSE:NKE) traded up $2.13 during midday trading on Thursday, reaching $64.30. 16,072,500 shares of the company’s stock traded hands, compared to its average volume of 9,565,464. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $64.46. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The stock has a market cap of $105,440.00, a PE ratio of 26.46, a PEG ratio of 2.91 and a beta of 0.64.
In other news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after acquiring an additional 16,237,557 shares during the period. Capital World Investors lifted its position in Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after acquiring an additional 8,058,601 shares during the period. Harding Loevner LP lifted its position in Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock valued at $390,421,000 after acquiring an additional 5,987,728 shares during the period. OppenheimerFunds Inc. lifted its position in Nike by 7,020.1% during the 1st quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock valued at $298,145,000 after acquiring an additional 5,274,656 shares during the period. Finally, Orbis Allan Gray Ltd purchased a new position in Nike during the 2nd quarter valued at about $226,588,000. 62.78% of the stock is owned by hedge funds and other institutional investors.
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.
