Nike (NYSE:NKE) has been given a $65.00 target price by equities research analysts at Nomura in a report issued on Thursday. The firm presently has a “buy” rating on the footwear maker’s stock. Nomura’s price objective indicates a potential upside of 3.26% from the company’s current price.
A number of other analysts have also weighed in on NKE. B. Riley reaffirmed a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 price target on shares of Nike in a research note on Friday, December 22nd. Macquarie set a $72.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday. Jefferies Group set a $59.00 price target on shares of Nike and gave the stock a “neutral” rating in a research note on Thursday. Finally, Barclays set a $71.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $63.75.
Nike (NYSE NKE) remained flat at $$62.95 during trading on Thursday. 3,987,100 shares of the stock were exchanged, compared to its average volume of 9,640,140. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. The stock has a market capitalization of $102,703.99, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.97 and a beta of 0.64. Nike has a 1 year low of $50.35 and a 1 year high of $65.18.
In other news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the sale, the chairman now owns 1,502,830 shares in the company, valued at $97,683,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were 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 approximately $1,441,376. The disclosure for this sale can be found here. Insiders have sold 290,094 shares of company stock worth $17,480,160 in the last 90 days. 3.90% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in Nike in the 1st quarter valued at approximately $764,000. WINTON GROUP Ltd increased its stake in Nike by 2,434.9% in the 1st quarter. WINTON GROUP Ltd now owns 300,053 shares of the footwear maker’s stock valued at $15,798,000 after buying an additional 288,216 shares during the period. Good Life Advisors LLC increased its stake in Nike by 36.6% in the 1st quarter. Good Life Advisors LLC now owns 6,992 shares of the footwear maker’s stock valued at $384,000 after buying an additional 1,873 shares during the period. Jacobson & Schmitt Advisors LLC increased its stake in Nike by 2.0% in the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 102,640 shares of the footwear maker’s stock valued at $5,720,000 after buying an additional 1,981 shares during the period. Finally, Legal & General Group Plc increased its stake in Nike by 5.5% in the 1st quarter. Legal & General Group Plc now owns 5,511,172 shares of the footwear maker’s stock valued at $307,138,000 after buying an additional 285,325 shares during the period. Institutional investors and hedge funds 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.
