NIKE (NYSE:NKE) Price Target Lowered to $99.00 at Robert W. Baird

NIKE (NYSE:NKE - Free Report) had its price objective cut by Robert W. Baird from $105.00 to $99.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the footwear maker's stock.

Other equities analysts also recently issued reports about the stock. Guggenheim restated a "buy" rating and set a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on shares of NIKE from $92.00 to $95.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Stifel Nicolaus dropped their price objective on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a research note on Friday, December 20th. UBS Group reissued a "neutral" rating and set a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Finally, DA Davidson raised NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Fifteen equities research 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.38.

NIKE Stock Down 0.8 %

Shares of NKE traded down $0.56 during midday trading on Friday, hitting $67.38. The stock had a trading volume of 12,023,403 shares, compared to its average volume of 14,390,216. The firm has a market cap of $99.66 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a 50 day simple moving average of $74.70 and a two-hundred day simple moving average of $77.40. NIKE has a twelve month low of $65.17 and a twelve month high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

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NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 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 firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, analysts anticipate that NIKE will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 sale, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On NIKE

A number of hedge funds and other institutional investors have recently bought and sold shares of NKE. JNBA Financial Advisors boosted its stake in shares of NIKE by 1.3% during the fourth 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 in the last quarter. Frisch Financial Group Inc. raised its holdings in NIKE by 4.7% in the 3rd quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker's stock valued at $269,000 after buying an additional 136 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in 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 buying an additional 136 shares during the period. Elgethun Capital Management grew its holdings in NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after acquiring an additional 149 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after acquiring an additional 150 shares during the period. Institutional investors own 64.25% of the company's stock.

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.