Nike (NYSE:NKE) has earned an average rating of “Hold” from the forty-four brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and twenty-five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $68.93.
NKE has been the subject of several recent research reports. TheStreet cut Nike from a “b+” rating to a “c+” rating in a report on Thursday, March 22nd. Zacks Investment Research cut Nike from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Citigroup reissued a “buy” rating and set a $78.00 price objective (up from $74.00) on shares of Nike in a report on Wednesday, January 31st. Buckingham Research boosted their price objective on Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Oppenheimer raised Nike to a “buy” rating in a report on Wednesday, January 31st.
Nike stock opened at $71.31 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73. Nike has a 12-month low of $50.35 and a 12-month high of $72.19. The stock has a market capitalization of $116.13 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.64.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.85 billion. Nike had a return on equity of 33.38% and a net margin of 5.11%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. sell-side analysts predict that Nike will post 2.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Monday, June 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.12%. Nike’s dividend payout ratio is presently 31.87%.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total value of $9,450,000.00. Following the sale, the chairman now owns 1,637,736 shares in the company, valued at approximately $114,641,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $70.00, for a total value of $3,500,000.00. Following the completion of the sale, the insider now owns 191,959 shares in the company, valued at approximately $13,437,130. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Field & Main Bank bought a new stake in Nike in the 4th quarter valued at approximately $100,000. Wagner Wealth Management LLC bought a new stake in Nike in the 4th quarter valued at approximately $103,000. G&S Capital LLC bought a new stake in Nike in the 4th quarter valued at approximately $112,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Nike in the 4th quarter valued at approximately $116,000. Finally, SeaCrest Wealth Management LLC bought a new stake in Nike in the 4th quarter valued at approximately $128,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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