Analysts Set NIKE, Inc. (NYSE:NKE) PT at $81.57

NIKE, Inc. (NYSE:NKE) has been given a consensus rating of “Moderate Buy” by the thirty-five brokerages that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $81.5714.

Several research analysts recently issued reports on the company. Evercore ISI dropped their price objective on NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 24th. Bank of America increased their price objective on NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of NIKE in a research note on Friday. UBS Group set a $71.00 price objective on NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Finally, Stifel Nicolaus set a $68.00 price objective on NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,378 shares of company stock worth $14,794,264 in the last ninety days. Insiders own 0.80% of the company’s stock.

Institutional Trading of NIKE

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Financial Advisors LLC boosted its position in NIKE by 2.0% during the 3rd quarter. Arlington Financial Advisors LLC now owns 59,131 shares of the footwear maker’s stock valued at $4,123,000 after acquiring an additional 1,184 shares in the last quarter. Lineweaver Wealth Advisors LLC boosted its position in NIKE by 11.1% during the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 13,316 shares of the footwear maker’s stock valued at $929,000 after acquiring an additional 1,326 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in NIKE by 2.3% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 189,387 shares of the footwear maker’s stock valued at $13,623,000 after acquiring an additional 4,245 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of NIKE by 1,150.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 41,765 shares of the footwear maker’s stock valued at $2,912,000 after purchasing an additional 38,426 shares during the last quarter. Finally, Corsicana & Co. purchased a new stake in shares of NIKE during the 3rd quarter valued at $746,000. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 3.3%

NKE opened at $67.39 on Friday. The stock has a market cap of $99.61 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 2.38 and a beta of 1.29. The stock’s 50 day moving average price is $73.66 and its 200-day moving average price is $67.33. NIKE has a one year low of $52.28 and a one year high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that NIKE will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 82.05%.

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.