Nike, Inc. (NKE) Rating Reiterated by Susquehanna Bancshares Inc

Susquehanna Bancshares Inc reaffirmed their neutral rating on shares of Nike, Inc. (NYSE:NKE) in a research note published on Tuesday, September 19th, Marketbeat reports. They currently have a $64.00 price target on the footwear maker’s stock.

NKE has been the topic of a number of other reports. Canaccord Genuity set a $51.00 price target on shares of Nike and gave the stock a hold rating in a report on Friday, May 26th. Piper Jaffray Companies set a $50.00 price target on shares of Nike and gave the stock a hold rating in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of Nike from a hold rating to a sell rating in a report on Friday, June 2nd. Vetr downgraded shares of Nike from a buy rating to a hold rating and set a $54.16 price target on the stock. in a report on Monday, June 5th. Finally, Morgan Stanley restated a neutral rating and issued a $56.00 price objective on shares of Nike in a research report on Wednesday, June 7th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have issued a buy rating to the company. Nike has an average rating of Hold and a consensus target price of $60.04.

Nike (NYSE:NKE) opened at 53.23 on Tuesday. Nike has a 12-month low of $49.01 and a 12-month high of $60.53. The company has a market cap of $87.47 billion, a P/E ratio of 21.21 and a beta of 0.61. The stock’s 50 day moving average is $55.57 and its 200 day moving average is $55.39.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts forecast that Nike will post $2.40 earnings per share for the current year.

WARNING: “Nike, Inc. (NKE) Rating Reiterated by Susquehanna Bancshares Inc” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://ledgergazette.com/2017/09/26/nike-inc-nke-earns-neutral-rating-from-susquehanna-bancshares-inc.html.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s dividend payout ratio is currently 28.69%.

In other news, CFO Andrew Campion sold 5,722 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the transaction, the chief financial officer now owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The disclosure for this sale can be found here. In the last three months, insiders have sold 508,360 shares of company stock worth $29,340,374. Corporate insiders own 3.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Royal Bank of Scotland Group PLC grew its position in Nike by 6.2% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock valued at $11,582,000 after acquiring an additional 12,201 shares during the last quarter. North Star Asset Management Inc. grew its position in Nike by 7.8% in the 1st quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock valued at $3,162,000 after acquiring an additional 4,129 shares during the last quarter. Hartford Investment Management Co. grew its position in Nike by 5.5% in the 2nd quarter. Hartford Investment Management Co. now owns 360,722 shares of the footwear maker’s stock valued at $21,283,000 after acquiring an additional 18,759 shares during the last quarter. Fifth Third Bancorp grew its position in Nike by 3.7% in the 1st quarter. Fifth Third Bancorp now owns 1,120,494 shares of the footwear maker’

NKE has been the topic of a number of other reports. Canaccord Genuity set a $51.00 price target on shares of Nike and gave the stock a hold rating in a report on Friday, May 26th. Piper Jaffray Companies set a $50.00 price target on shares of Nike and gave the stock a hold rating in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of Nike from a hold rating to a sell rating in a report on Friday, June 2nd. Vetr downgraded shares of Nike from a buy rating to a hold rating and set a $54.16 price target on the stock. in a report on Monday, June 5th. Finally, Morgan Stanley restated a neutral rating and issued a $56.00 price objective on shares of Nike in a research report on Wednesday, June 7th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have issued a buy rating to the company. Nike has an average rating of Hold and a consensus target price of $60.04.

Nike (NYSE:NKE) opened at 53.23 on Tuesday. Nike has a 12-month low of $49.01 and a 12-month high of $60.53. The company has a market cap of $87.47 billion, a P/E ratio of 21.21 and a beta of 0.61. The stock’s 50 day moving average is $55.57 and its 200 day moving average is $55.39.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts forecast that Nike will post $2.40 earnings per share for the current year.

WARNING: “Nike, Inc. (NKE) Rating Reiterated by Susquehanna Bancshares Inc” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://ledgergazette.com/2017/09/26/nike-inc-nke-earns-neutral-rating-from-susquehanna-bancshares-inc.html.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s dividend payout ratio is currently 28.69%.

In other news, CFO Andrew Campion sold 5,722 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the transaction, the chief financial officer now owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The disclosure for this sale can be found here. In the last three months, insiders have sold 508,360 shares of company stock worth $29,340,374. Corporate insiders own 3.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Royal Bank of Scotland Group PLC grew its position in Nike by 6.2% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock valued at $11,582,000 after acquiring an additional 12,201 shares during the last quarter. North Star Asset Management Inc. grew its position in Nike by 7.8% in the 1st quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock valued at $3,162,000 after acquiring an additional 4,129 shares during the last quarter. Hartford Investment Management Co. grew its position in Nike by 5.5% in the 2nd quarter. Hartford Investment Management Co. now owns 360,722 shares of the footwear maker’s stock valued at $21,283,000 after acquiring an additional 18,759 shares during the last quarter. Fifth Third Bancorp grew its position in Nike by 3.7% in the 1st quarter. Fifth Third Bancorp now owns 1,120,494 shares of the footwear maker’s stock valued at $62,445,000 after acquiring an additional 39,554 shares during the last quarter. Finally, Summit Global Investments bought a new position in Nike in the 1st quarter valued at $508,000. 62.63% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Nike (NYSE:NKE)

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