Nike (NYSE:NKE) received a $65.00 price objective from stock analysts at Nomura in a research report issued on Friday. The firm presently has a “buy” rating on the footwear maker’s stock. Nomura’s price objective would suggest a potential upside of 0.36% from the stock’s previous close.
Other research analysts have also issued research reports about the company. B. Riley reissued a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. J P Morgan Chase & Co set a $60.00 target price on Nike and gave the stock a “neutral” rating in a research report on Thursday. Goldman Sachs Group set a $62.00 target price on Nike and gave the stock a “neutral” rating in a research report on Friday. FBR & Co reaffirmed a “hold” rating and issued a $53.00 target price on shares of Nike in a research report on Thursday, September 14th. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Nike in a research report on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.59.
Nike (NKE) opened at $64.77 on Friday. Nike has a 52 week low of $50.35 and a 52 week high of $65.18. The firm has a market capitalization of $103,748.16, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.99 and a beta of 0.64. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29.
In other news, 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 in the company, valued at $1,441,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Insiders sold 290,094 shares of company stock worth $17,480,160 over the last three months. 3.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in NKE. Willingdon Wealth Management acquired a new position in Nike in the third quarter worth about $114,000. Asset Planning Services Ltd. grew its stake in Nike by 0.3% in the second 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 in the last quarter. Atlantic Trust LLC acquired a new position in Nike in the second quarter worth about $136,000. Howe & Rusling Inc. grew its stake in Nike by 751.3% in the third 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 in the last quarter. Finally, Kistler Tiffany Companies LLC grew its stake in Nike by 91.7% in the second 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 in the last quarter. Institutional investors own 62.56% of the company’s stock.
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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.
