NIKE, Inc. (NYSE:NKE) Receives $87.38 Consensus Price Target from Brokerages

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirty-two research firms that are covering the stock, Marketbeat reports. Fourteen analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $87.38.

A number of research firms have commented on NKE. UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. BMO Capital Markets decreased their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, March 21st.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the company's stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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Institutional Investors Weigh In On NIKE

A number of large investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC grew its stake in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE during the 3rd quarter valued at about $30,000. Roxbury Financial LLC purchased a new stake in shares of NIKE during the 4th quarter valued at about $30,000. Finally, LFA Lugano Financial Advisors SA raised its position in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 0.2 %

Shares of NYSE:NKE traded up $0.13 during trading on Tuesday, reaching $65.87. 16,424,324 shares of the company traded hands, compared to its average volume of 12,466,770. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE has a 52-week low of $64.95 and a 52-week high of $98.04. The firm has a market capitalization of $97.42 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.52 and a beta of 1.02. The business's fifty day moving average is $74.31 and its 200-day moving average is $77.05.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, analysts forecast that NIKE will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.43%. NIKE's dividend payout ratio is 53.16%.

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.