NIKE (NYSE:NKE) Trading Up 0.7% - What's Next?

NIKE, Inc. (NYSE:NKE - Get Free Report)'s share price rose 0.7% during trading on Monday . The stock traded as high as $63.99 and last traded at $63.75. Approximately 4,805,957 shares traded hands during trading, a decline of 63% from the average daily volume of 12,899,907 shares. The stock had previously closed at $63.29.

Analyst Ratings Changes

NKE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Needham & Company LLC dropped their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Barclays lowered their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Evercore ISI cut their price target on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley dropped their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.38.

NIKE Stock Up 2.0 %

The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market cap of $95.81 billion, a PE ratio of 19.99, a PEG ratio of 2.52 and a beta of 1.02. The company's fifty day moving average is $73.84 and its 200-day moving average is $76.72.

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

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.47%. NIKE's payout ratio is presently 53.16%.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of NIKE

A number of large investors have recently made changes to their positions in NKE. JNBA Financial Advisors grew its holdings in NIKE by 1.3% during the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after purchasing an additional 131 shares during the last quarter. Frisch Financial Group Inc. lifted its stake in shares of NIKE by 4.7% in the third quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker's stock worth $269,000 after buying an additional 136 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of NIKE by 0.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after acquiring an additional 136 shares during the period. Elgethun Capital Management grew its stake in shares of NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after buying an additional 149 shares during the period. Finally, GAMMA Investing LLC increased its stake in NIKE by 1.0% during the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock worth $1,136,000 after acquiring an additional 150 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

About NIKE

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.