Nike’s (NKE) Buy Rating Reiterated at Citigroup Inc.

Citigroup Inc. restated their buy rating on shares of Nike, Inc. (NYSE:NKE) in a research note released on Monday. They currently have a $65.00 price target on the footwear maker’s stock.

A number of other research analysts have also issued reports on NKE. UBS AG reiterated a buy rating and issued a $62.00 price objective (down previously from $63.00) on shares of Nike in a report on Tuesday, June 27th. FBR & Co set a $53.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Canaccord Genuity set a $51.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Wells Fargo & Company set a $56.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $50.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nike presently has a consensus rating of Hold and a consensus target price of $59.04.

Shares of Nike (NKE) traded up 0.468% during midday trading on Monday, hitting $52.545. 4,759,307 shares of the stock traded hands. The company has a market capitalization of $85.73 billion, a price-to-earnings ratio of 22.369 and a beta of 0.61. The firm’s 50-day moving average is $52.55 and its 200 day moving average is $54.72. Nike has a 52 week low of $49.01 and a 52 week high of $60.53.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. Equities analysts forecast that Nike will post $2.32 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Nike’s (NKE) Buy Rating Reiterated at Citigroup Inc.” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/19/nikes-nke-buy-rating-reiterated-at-citigroup-inc.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 31st. Nike’s dividend payout ratio (DPR) is currently 30.64%.

In related news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Campion sold 5,722 shares of Nike stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the completion of the sale, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The disclosure for this sale can be found here. In the last three months, insiders sold 134,045 shares of company stock valued at $7,778,338. 3.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Wealth Management LLC purchased a new position in Nike during the 2nd quarter valued at about $100,000. Asset Planning Services Ltd. grew its holdings in Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares in the last quarter. Atlantic Trust LLC purchased a new position in Nike during the 2nd quarter valued at about $136,000. Rational Advisors LLC grew its holdings in Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares in the last quarter. Finally, Kistler Tiffany Companies LLC grew its holdings in Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 s

A number of other research analysts have also issued reports on NKE. UBS AG reiterated a buy rating and issued a $62.00 price objective (down previously from $63.00) on shares of Nike in a report on Tuesday, June 27th. FBR & Co set a $53.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Canaccord Genuity set a $51.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Wells Fargo & Company set a $56.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $50.00 price objective on shares of Nike and gave the company a hold rating in a report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nike presently has a consensus rating of Hold and a consensus target price of $59.04.

Shares of Nike (NKE) traded up 0.468% during midday trading on Monday, hitting $52.545. 4,759,307 shares of the stock traded hands. The company has a market capitalization of $85.73 billion, a price-to-earnings ratio of 22.369 and a beta of 0.61. The firm’s 50-day moving average is $52.55 and its 200 day moving average is $54.72. Nike has a 52 week low of $49.01 and a 52 week high of $60.53.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. Equities analysts forecast that Nike will post $2.32 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Nike’s (NKE) Buy Rating Reiterated at Citigroup Inc.” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/19/nikes-nke-buy-rating-reiterated-at-citigroup-inc.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 31st. Nike’s dividend payout ratio (DPR) is currently 30.64%.

In related news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Campion sold 5,722 shares of Nike stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the completion of the sale, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at approximately $2,077,574.40. The disclosure for this sale can be found here. In the last three months, insiders sold 134,045 shares of company stock valued at $7,778,338. 3.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Wealth Management LLC purchased a new position in Nike during the 2nd quarter valued at about $100,000. Asset Planning Services Ltd. grew its holdings in Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares in the last quarter. Atlantic Trust LLC purchased a new position in Nike during the 2nd quarter valued at about $136,000. Rational Advisors LLC grew its holdings in Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares in the last quarter. Finally, Kistler Tiffany Companies LLC grew its holdings in Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares in the last quarter. 62.55% of the stock is 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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