Nike Inc (NYSE:NKE) has received a consensus rating of “Hold” from the forty-four analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and twenty-five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $69.70.
Several research analysts have commented on NKE shares. Credit Suisse Group set a $78.00 price target on shares of Nike and gave the stock a “buy” rating in a report on Thursday. Guggenheim restated a “buy” rating and set a $78.00 price objective on shares of Nike in a research report on Friday, March 23rd. Barclays set a $75.00 price objective on shares of Nike and gave the stock a “buy” rating in a research report on Friday, March 23rd. ValuEngine upgraded shares of Nike from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, B. Riley boosted their price objective on shares of Nike from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 23rd.
NYSE NKE traded up $0.59 on Thursday, hitting $74.70. 4,533,165 shares of the stock were exchanged, compared to its average volume of 7,287,670. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.35. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $75.91. The stock has a market capitalization of $121.35 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 3.15 and a beta of 0.66.
Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 22nd. The footwear maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.53 by $0.15. Nike had a net margin of 5.11% and a return on equity of 33.38%. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.85 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. equities research analysts expect that Nike will post 2.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Monday, June 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. Nike’s dividend payout ratio (DPR) is presently 31.87%.
In other news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $73.03, for a total transaction of $9,859,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $119,603,860.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 17,000 shares of the company’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $75.00, for a total transaction of $1,275,000.00. Following the transaction, the executive vice president now directly owns 95,845 shares in the company, valued at $7,188,375. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,000 shares of company stock worth $21,204,500. Corporate insiders own 3.90% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Nike by 3.3% during the 1st quarter. BlackRock Inc. now owns 81,870,764 shares of the footwear maker’s stock worth $5,439,495,000 after purchasing an additional 2,649,041 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Nike by 1.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,523,005 shares of the footwear maker’s stock valued at $1,164,228,000 after acquiring an additional 248,381 shares during the last quarter. Edgewood Management LLC grew its stake in Nike by 3.8% in the 1st quarter. Edgewood Management LLC now owns 15,111,596 shares of the footwear maker’s stock valued at $1,004,014,000 after acquiring an additional 546,687 shares during the last quarter. Geode Capital Management LLC grew its stake in Nike by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 14,472,375 shares of the footwear maker’s stock valued at $903,432,000 after acquiring an additional 336,633 shares during the last quarter. Finally, Polen Capital Management LLC grew its stake in Nike by 2.2% in the 1st quarter. Polen Capital Management LLC now owns 13,024,429 shares of the footwear maker’s stock valued at $865,343,000 after acquiring an additional 282,440 shares during the last quarter. 64.16% of the stock is currently owned by institutional investors and hedge funds.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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