Brokerages Set Nike Inc (NYSE:NKE) PT at $90.25

Shares of Nike Inc (NYSE:NKE) have been given an average recommendation of “Buy” by the thirty-three brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $90.25.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Piper Jaffray Companies set a $97.00 target price on Nike and gave the company a “buy” rating in a report on Friday, June 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $96.00 target price on shares of Nike in a report on Wednesday, June 19th. UBS Group set a $87.00 target price on Nike and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Pivotal Research set a $101.00 target price on Nike and gave the company a “buy” rating in a report on Friday, June 28th.

Shares of NYSE NKE traded up $0.92 during mid-day trading on Friday, reaching $87.67. 3,581,820 shares of the company traded hands, compared to its average volume of 6,388,151. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.39 and a current ratio of 2.10. The stock has a market cap of $138.94 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. The company’s fifty day moving average is $83.77 and its two-hundred day moving average is $84.72. Nike has a fifty-two week low of $66.53 and a fifty-two week high of $90.00.



Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Research analysts forecast that Nike will post 2.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be given a $0.22 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. Nike’s dividend payout ratio is currently 35.34%.

In other Nike news, insider Elliott Hill sold 3,228 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.07, for a total value of $281,061.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Slusher sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $85.26, for a total value of $9,378,600.00. The disclosure for this sale can be found here. Insiders sold a total of 194,637 shares of company stock valued at $16,767,237 in the last quarter. Corporate insiders own 3.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Nike by 18.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,345,341 shares of the footwear maker’s stock worth $112,941,000 after buying an additional 213,056 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Nike during the 2nd quarter worth approximately $106,608,000. EP Wealth Advisors LLC lifted its position in shares of Nike by 1,207.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 59,418 shares of the footwear maker’s stock worth $4,988,000 after buying an additional 54,875 shares during the period. Atria Investments LLC lifted its position in shares of Nike by 19.9% during the 2nd quarter. Atria Investments LLC now owns 43,114 shares of the footwear maker’s stock worth $3,512,000 after buying an additional 7,165 shares during the period. Finally, RFG Advisory LLC bought a new position in shares of Nike during the 2nd quarter worth approximately $260,000. Institutional investors and hedge funds own 65.09% 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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Analyst Recommendations for Nike (NYSE:NKE)

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