A number of other research firms have also recently commented on NKE. Stifel Nicolaus set a $66.00 price objective on Nike and gave the company a buy rating in a research report on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 price objective on Nike and gave the company a hold rating in a research report on Saturday, July 22nd. Guggenheim reiterated a buy rating and set a $70.00 price objective on shares of Nike in a research report on Monday, July 24th. Cowen and Company set a $54.00 price objective on Nike and gave the company a hold rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG set a $69.00 price objective on Nike and gave the company a buy rating in a research report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $58.90.
Nike (NYSE NKE) traded down 1.50% on Thursday, hitting $55.96. The stock had a trading volume of 12,801,783 shares. The company has a market capitalization of $73.43 billion, a price-to-earnings ratio of 22.29 and a beta of 0.61. The firm has a 50-day moving average of $52.85 and a 200 day moving average of $54.69. Nike has a 52 week low of $49.01 and a 52 week high of $60.53.
Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, analysts predict that Nike will post $2.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.29%. Nike’s payout ratio is currently 30.64%.
In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NKE. V Wealth Management LLC bought a new stake in Nike during the 2nd quarter valued at $100,000. Asset Planning Services Ltd. boosted its position 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 acquiring an additional 7 shares in the last quarter. Atlantic Trust LLC bought a new stake in Nike during the 2nd quarter valued at $136,000. Howe & Rusling Inc. boosted its position in Nike by 751.3% during the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Rational Advisors LLC boosted its position 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 acquiring an additional 321 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.
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.
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