NIKE’s (NKE) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of NIKE (NYSE:NKEFree Report) in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a $115.00 target price on the footwear maker’s stock. Telsey Advisory Group also issued estimates for NIKE’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.91 EPS and FY2025 earnings at $4.00 EPS.

NKE has been the topic of several other reports. Wells Fargo & Company decreased their price target on shares of NIKE from $120.00 to $115.00 and set an overweight rating on the stock in a report on Monday, June 10th. StockNews.com lowered NIKE from a buy rating to a hold rating in a research report on Friday. Truist Financial reiterated a hold rating and issued a $99.00 target price on shares of NIKE in a research report on Thursday. Royal Bank of Canada restated a sector perform rating and set a $100.00 price target (down from $110.00) on shares of NIKE in a report on Friday, March 22nd. Finally, Piper Sandler lowered their price objective on NIKE from $107.00 to $98.00 and set a neutral rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $114.81.

View Our Latest Report on NKE

NIKE Trading Up 1.7 %

Shares of NKE opened at $97.18 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE has a 52-week low of $88.66 and a 52-week high of $123.39. The firm has a market cap of $146.68 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.80 and a beta of 1.05. The business’s fifty day moving average is $93.60 and its 200-day moving average is $99.79.

NIKE (NYSE:NKEGet Free Report) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities analysts anticipate that NIKE will post 3.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,660 shares of company stock worth $19,946,333. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cim LLC acquired a new position in NIKE during the 4th quarter valued at about $14,275,000. TKG Advisors LLC bought a new stake in NIKE in the 4th quarter worth about $1,012,000. Louisiana State Employees Retirement System bought a new position in shares of NIKE during the 4th quarter worth approximately $8,034,000. Financial Gravity Asset Management Inc. grew its holdings in shares of NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after acquiring an additional 176,476 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of NIKE by 4.3% during the fourth quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock valued at $506,908,000 after acquiring an additional 192,752 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Company Profile

(Get Free Report)

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.

Further Reading

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.