Nike (NYSE:NKE) received a $74.00 price objective from Stifel Nicolaus in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the footwear maker’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 14.68% from the company’s previous close.
NKE has been the topic of several other reports. Morgan Stanley reissued a “buy” rating and issued a $64.00 target price (down from $68.00) on shares of Nike in a report on Tuesday, August 29th. Telsey Advisory Group decreased their target price on shares of Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 target price on the stock in a report on Wednesday, September 6th. Wells Fargo & Company reissued a “market perform” rating and issued a $55.00 target price (down from $56.00) on shares of Nike in a report on Tuesday, September 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Nike in a report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.67.
Nike (NYSE NKE) opened at $64.53 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. Nike has a 1-year low of $50.35 and a 1-year high of $64.85. The company has a market cap of $104,906.55, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.64.
In related news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now owns 23,248 shares in the company, valued at $1,441,376. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Willingdon Wealth Management acquired a new position in shares of Nike in the 3rd quarter worth approximately $114,000. Asset Planning Services Ltd. lifted its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares during the period. Atlantic Trust LLC acquired a new position in shares of Nike in the 2nd quarter worth approximately $136,000. Howe & Rusling Inc. lifted its position in shares of Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its position in shares of Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the period. Institutional investors and hedge funds own 62.78% of the company’s stock.
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.
