Several other analysts have also commented on NKE. Stifel Nicolaus reaffirmed a buy rating and issued a $90.00 price objective on shares of Nike in a research report on Thursday, August 23rd. Macquarie set a $87.00 price objective on shares of Nike and gave the stock a buy rating in a research report on Tuesday, August 28th. Robert W. Baird reaffirmed a buy rating and issued a $90.00 price objective on shares of Nike in a research report on Monday, September 3rd. Wells Fargo & Co set a $82.00 target price on shares of Nike and gave the stock a neutral rating in a research note on Tuesday, September 4th. Finally, HSBC set a $92.00 target price on shares of Nike and gave the stock a buy rating in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $83.14.
Shares of NKE traded down $0.20 during trading hours on Friday, reaching $77.68. 5,495,803 shares of the stock traded hands, compared to its average volume of 7,946,042. The firm has a market capitalization of $120.84 billion, a P/E ratio of 32.10, a PEG ratio of 2.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.14 and a quick ratio of 1.40. Nike has a 52 week low of $62.09 and a 52 week high of $86.04.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 20th. The footwear maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. Nike had a net margin of 5.66% and a return on equity of 44.85%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities research analysts expect that Nike will post 2.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Nike’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 30th. Nike’s payout ratio is presently 36.36%.
In other news, EVP John F. Slusher sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $74.05, for a total value of $14,810,000.00. Following the completion of the sale, the executive vice president now directly owns 284,805 shares in the company, valued at approximately $21,089,810.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total transaction of $11,052,000.00. Following the sale, the chairman now owns 1,687,863 shares of the company’s stock, valued at $124,361,745.84. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of large investors have recently bought and sold shares of NKE. BDO Wealth Advisors LLC raised its holdings in Nike by 1,044.3% during the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after buying an additional 1,274 shares during the last quarter. Resources Management Corp CT ADV purchased a new position in Nike during the 3rd quarter valued at $113,000. G&S Capital LLC increased its position in Nike by 14.4% during the 4th quarter. G&S Capital LLC now owns 1,522 shares of the footwear maker’s stock valued at $113,000 after purchasing an additional 191 shares during the period. Stelac Advisory Services LLC purchased a new position in Nike during the 3rd quarter valued at $115,000. Finally, Highwater Wealth Management LLC purchased a new position in Nike during the 4th quarter valued at $116,000. Institutional investors own 63.98% of the company’s stock.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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