NIKE (NYSE:NKE) Shares Up 0.9%

NIKE, Inc. (NYSE:NKE) rose 0.9% during trading on Friday . The stock traded as high as $95.42 and last traded at $94.74. Approximately 1,805,710 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 9,373,891 shares. The stock had previously closed at $93.94.

Analyst Ratings Changes

NKE has been the topic of several research reports. Citigroup cut their price target on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research note on Friday, February 16th. Stifel Nicolaus dropped their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Barclays dropped their price objective on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Trading Up 0.2 %

The stock has a market cap of $142.05 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.83 and a beta of 1.08. The business’s fifty day simple moving average is $97.15 and its 200 day simple moving average is $103.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. On average, research analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is 43.53%.

Hedge Funds Weigh In On NIKE

Hedge funds and other institutional investors have recently modified their holdings of the company. Impact Partnership Wealth LLC lifted its holdings in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares during the period. Annapolis Financial Services LLC lifted its holdings in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. acquired a new stake in NIKE in the fourth quarter worth about $29,000. Finally, True Wealth Design LLC lifted its holdings in NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.