Nike (NYSE:NKE) has been assigned a $62.00 price target by stock analysts at Goldman Sachs Group in a research note issued on Thursday. The firm currently has a “neutral” rating on the footwear maker’s stock. Goldman Sachs Group’s price objective indicates a potential downside of 1.51% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Telsey Advisory Group cut their price objective on Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Vetr downgraded Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price objective for the company. in a research report on Monday, September 4th. Robert W. Baird reiterated a “buy” rating and issued a $65.00 price objective on shares of Nike in a research report on Sunday, September 10th. Sanford C. Bernstein started coverage on Nike in a research report on Tuesday, September 12th. They issued an “outperform” rating and a $69.00 price objective for the company. Finally, Deutsche Bank reiterated a “buy” rating and issued a $61.00 price objective (down previously from $69.00) on shares of Nike in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-one have given a buy rating to the stock. Nike currently has a consensus rating of “Hold” and a consensus price target of $63.75.
Nike (NYSE:NKE) opened at $62.95 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $102,700.00, a P/E ratio of 27.25, a P/E/G ratio of 2.99 and a beta of 0.64. Nike has a 52-week low of $50.35 and a 52-week high of $65.18.
In other Nike news, EVP Monique S. Matheson sold 10,000 shares of Nike 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 transaction, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $65.00, for a total value of $8,775,000.00. Following the transaction, the chairman now owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 290,094 shares of company stock valued at $17,480,160. 3.90% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of NKE. Vanguard Group Inc. lifted its holdings in shares of Nike by 2.5% in the second 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 in the last quarter. Capital Research Global Investors lifted its holdings in shares of Nike by 10.4% in the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after purchasing an additional 2,274,869 shares in the last quarter. Capital World Investors lifted its holdings in shares of Nike by 58.7% in the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after purchasing an additional 8,058,601 shares in the last quarter. Northern Trust Corp raised its holdings in Nike by 6.7% during the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after acquiring an additional 1,344,638 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Nike by 4,252.6% during the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after acquiring an additional 16,237,557 shares in the last quarter. Hedge funds and other institutional investors own 62.67% of the company’s stock.
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Nike Company Profile
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.
