NIKE (NYSE:NKE) PT Lowered to $153.00

NIKE (NYSE:NKE) had its price target trimmed by BTIG Research from $162.00 to $153.00 in a research note published on Tuesday, The Fly reports. The firm currently has a buy rating on the footwear maker’s stock.

Other equities analysts also recently issued research reports about the stock. Telsey Advisory Group cut their price objective on shares of NIKE from $175.00 to $160.00 and set an outperform rating for the company in a research report on Monday. JPMorgan Chase & Co. set a $176.00 price target on shares of NIKE and gave the stock a buy rating in a research note on Wednesday, April 21st. Zacks Investment Research cut shares of NIKE from a buy rating to a hold rating and set a $146.00 price target on the stock. in a research note on Monday, March 22nd. Bank of America reaffirmed a neutral rating and set a $150.00 price target on shares of NIKE in a research note on Wednesday, May 19th. Finally, Barclays reaffirmed a buy rating and set a $174.00 price target on shares of NIKE in a research note on Friday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. NIKE currently has an average rating of Buy and a consensus price target of $161.03.

Shares of NIKE stock opened at $133.60 on Tuesday. The stock has a market cap of $211.08 billion, a P/E ratio of 63.02, a P/E/G ratio of 1.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.02 and a current ratio of 2.78. NIKE has a one year low of $93.57 and a one year high of $147.95. The stock’s fifty day moving average price is $133.02.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 24th. The footwear maker reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.42. The company had revenue of $12.30 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 8.90% and a return on equity of 34.41%. NIKE’s quarterly revenue was up 94.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.51) EPS. As a group, equities analysts anticipate that NIKE will post 3.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 1st will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, May 28th. NIKE’s dividend payout ratio (DPR) is 59.46%.

In other news, Director Peter B. Henry sold 3,388 shares of the firm’s stock in a transaction that occurred on Tuesday, April 20th. The shares were sold at an average price of $127.03, for a total transaction of $430,377.64. Following the completion of the sale, the director now owns 2,282 shares of the company’s stock, valued at $289,882.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Hilary K. Krane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 14th. The stock was sold at an average price of $133.54, for a total transaction of $2,003,100.00. The disclosure for this sale can be found here. Insiders sold 41,727 shares of company stock valued at $5,542,232 in the last ninety days. 3.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in NKE. Eukles Asset Management acquired a new stake in shares of NIKE during the first quarter worth approximately $33,000. Oder Investment Management LLC acquired a new stake in shares of NIKE during the fourth quarter worth approximately $36,000. Goodwin Investment Advisory acquired a new stake in shares of NIKE during the first quarter worth approximately $40,000. Geo Capital Gestora de Recursos Ltd grew its position in shares of NIKE by 128.4% during the first quarter. Geo Capital Gestora de Recursos Ltd now owns 370 shares of the footwear maker’s stock worth $49,000 after buying an additional 208 shares in the last quarter. Finally, Cordasco Financial Network grew its position in shares of NIKE by 85.4% during the first quarter. Cordasco Financial Network now owns 380 shares of the footwear maker’s stock worth $50,000 after buying an additional 175 shares in the last quarter. 64.69% of the stock is owned by institutional investors and hedge funds.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

See Also: Understanding debt-to-equity ratio in fundamental analysis

The Fly logo

Analyst Recommendations for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.