Nike (NYSE:NKE) has been assigned a $62.00 price objective by stock analysts at Pivotal Research in a research note issued on Friday. The firm currently has a “hold” rating on the footwear maker’s stock. Pivotal Research’s price target points to a potential downside of 4.28% from the stock’s previous close.
Several other equities research analysts also recently commented on NKE. B. Riley restated a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Barclays upped their price target on shares of Nike to $71.00 and gave the company an “overweight” rating in a research report on Friday. Goldman Sachs Group set a $62.00 price target on shares of Nike and gave the company a “neutral” rating in a research report on Friday. Nomura set a $65.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Friday. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $57.00 price target on shares of Nike in a research report on Wednesday, December 13th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Nike has an average rating of “Hold” and a consensus target price of $62.93.
Shares of Nike (NYSE:NKE) opened at $64.77 on Friday. The firm has a market cap of $103,748.16, a P/E ratio of 27.06, a P/E/G ratio of 2.99 and a beta of 0.64. Nike has a 1-year low of $50.35 and a 1-year high of $65.18. 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, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction 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 transaction, the chairman now owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 23,248 shares in the company, valued at approximately $1,441,376. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,094 shares of company stock worth $17,480,160. 3.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Willingdon Wealth Management acquired a new position in Nike in the 3rd quarter valued at $114,000. Asset Planning Services Ltd. grew its stake in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC acquired a new position in Nike in the 2nd quarter valued at $136,000. Howe & Rusling Inc. grew its stake in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares during the last quarter. Finally, Kistler Tiffany Companies LLC grew its stake in Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the last quarter. Institutional investors own 62.56% 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.
