Nike (NYSE:NKE) received a $75.00 price objective from equities research analysts at Barclays in a report released on Tuesday. The firm currently has a “buy” rating on the footwear maker’s stock. Barclays’ target price would suggest a potential upside of 16.19% from the company’s previous close.
A number of other equities analysts have also commented on the stock. Canaccord Genuity set a $60.00 price objective on shares of Nike and gave the company a “hold” rating in a research report on Sunday. Buckingham Research assumed coverage on shares of Nike in a research report on Saturday. They issued a “buy” rating and a $72.00 price objective for the company. Main First Bank set a $75.00 price objective on shares of Nike and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Goldman Sachs Group set a $62.00 price objective on shares of Nike and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group set a $59.00 price objective on shares of Nike and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.14.
Nike (NYSE NKE) opened at $64.55 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The firm has a market cap of $105,310.00, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64. Nike has a 1 year low of $50.35 and a 1 year high of $65.18.
In related news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 967,896 shares of company stock worth $60,257,267. 3.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of NKE. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Nike by 16.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 43,074 shares of the footwear maker’s stock valued at $2,401,000 after acquiring an additional 5,974 shares in the last quarter. Colony Group LLC bought a new stake in Nike in the first quarter valued at $204,000. IHT Wealth Management LLC boosted its holdings in Nike by 2.8% in the first quarter. IHT Wealth Management LLC now owns 8,346 shares of the footwear maker’s stock valued at $459,000 after acquiring an additional 229 shares in the last quarter. Green Square Capital LLC bought a new stake in Nike in the first quarter valued at $228,000. Finally, Bath Savings Trust Co boosted its holdings in Nike by 0.4% in the second quarter. Bath Savings Trust Co now owns 213,822 shares of the footwear maker’s stock valued at $12,615,000 after acquiring an additional 787 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors.
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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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