Nike (NYSE:NKE) Given a $100.00 Price Target at Deutsche Bank

Deutsche Bank set a $100.00 price target on Nike (NYSE:NKE) in a research report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the footwear maker’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Co reissued a hold rating and set a $160.00 price target on shares of Willis Towers Watson in a research report on Friday, March 22nd. Macquarie set a $89.00 price objective on Nike and gave the stock a buy rating in a research note on Friday, June 28th. UBS Group cut JinkoSolar from a buy rating to a neutral rating and upped their price objective for the stock from $22.00 to $25.00 in a research note on Monday, June 17th. Telsey Advisory Group upped their price objective on Nike from $92.00 to $95.00 and gave the stock an outperform rating in a research note on Monday, March 18th. Finally, Piper Jaffray Companies set a $97.00 price objective on Nike and gave the stock a buy rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $89.86.

Shares of Nike stock opened at $89.12 on Wednesday. The firm has a fifty day simple moving average of $83.61. The company has a market cap of $138.77 billion, a P/E ratio of 35.46, a PEG ratio of 2.34 and a beta of 0.78. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.38. Nike has a 52 week low of $66.53 and a 52 week high of $90.00.



Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nike had a net margin of 10.30% and a return on equity of 45.12%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. On average, equities analysts anticipate that Nike will post 2.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, May 31st. Nike’s payout ratio is 35.34%.

In other news, insider Elliott Hill sold 34,100 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $88.34, for a total value of $3,012,394.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth J. Comstock sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $84.84, for a total value of $2,036,160.00. Following the completion of the transaction, the director now owns 38,813 shares of the company’s stock, valued at $3,292,894.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,104 shares of company stock valued at $8,561,705. Company insiders own 3.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Nike by 11.1% in the fourth quarter. Advisors Asset Management Inc. now owns 4,174 shares of the footwear maker’s stock worth $309,000 after buying an additional 418 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Nike by 7.6% in the fourth quarter. State of Tennessee Treasury Department now owns 912,290 shares of the footwear maker’s stock worth $67,637,000 after buying an additional 64,067 shares in the last quarter. Wellington Shields Capital Management LLC lifted its holdings in shares of Nike by 219.4% in the fourth quarter. Wellington Shields Capital Management LLC now owns 11,209 shares of the footwear maker’s stock worth $831,000 after buying an additional 7,700 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Nike by 243.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 707,094 shares of the footwear maker’s stock worth $45,859,000 after buying an additional 501,324 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Nike by 14.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,070 shares of the footwear maker’s stock worth $524,000 after buying an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

About Nike

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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