NIKE (NYSE:NKE – Get Rating) had its target price increased by Wells Fargo & Company from $135.00 to $146.00 in a research report sent to investors on Thursday morning, The Fly reports. They currently have an overweight rating on the footwear maker's stock.
NKE has been the topic of several other research reports. Credit Suisse Group set a $132.00 price objective on shares of NIKE in a research note on Tuesday, January 3rd. Barclays lifted their target price on shares of NIKE from $83.00 to $109.00 in a report on Wednesday, December 21st. Jefferies Financial Group set a $140.00 target price on shares of NIKE in a report on Monday, January 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NIKE from $126.00 to $133.00 and gave the stock a buy rating in a report on Wednesday, December 21st. Finally, Cowen lifted their target price on shares of NIKE from $131.00 to $141.00 in a report on Tuesday, January 10th. Twelve equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $129.18.
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NIKE Trading Up 0.6 %
NYSE:NKE opened at $127.53 on Thursday. NIKE has a one year low of $82.22 and a one year high of $149.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.69 and a quick ratio of 1.78. The company's 50-day simple moving average is $115.47 and its 200 day simple moving average is $106.93. The firm has a market capitalization of $197.74 billion, a P/E ratio of 35.92, a PEG ratio of 4.26 and a beta of 1.09.
NIKE (NYSE:NKE – Get Rating) last posted its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.65 by $0.20. NIKE had a net
margin of 11.47% and a return on equity of 36.83%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. As a group, analysts forecast that NIKE will post 3.11 EPS for the current fiscal year.
NIKE Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Monday, December 5th were issued a $0.34 dividend. This is a boost from NIKE's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, December 2nd. NIKE's dividend payout ratio (DPR) is currently 38.31%.
Insider Activity
In related news, EVP Monique S. Matheson sold 10,000 shares of NIKE stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $108.16, for a total value of $1,081,600.00. Following the completion of the sale, the executive vice president now directly owns 60,213 shares in the company, valued at approximately $6,512,638.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NIKE news, EVP Monique S. Matheson sold 5,882 shares of the firm's stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $93.55, for a total transaction of $550,261.10. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company's stock, valued at approximately $5,632,926.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monique S. Matheson sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $108.16, for a total transaction of $1,081,600.00. Following the transaction, the executive vice president now directly owns 60,213 shares of the company's stock, valued at $6,512,638.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,882 shares of company stock worth $2,831,011. Corporate insiders own 0.40% of the company's stock.
Hedge Funds Weigh In On NIKE
A number of institutional investors have recently bought and sold shares of NKE. LFA Lugano Financial Advisors SA increased its holdings in shares of NIKE by 63.3% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 258 shares of the footwear maker's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Accel Wealth Management increased its holdings in shares of NIKE by 80.6% during the 4th quarter. Accel Wealth Management now owns 224 shares of the footwear maker's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Turim 21 Investimentos Ltda. increased its holdings in shares of NIKE by 821.1% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker's stock valued at $29,000 after purchasing an additional 312 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of NIKE by 27,300.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 274 shares of the footwear maker's stock valued at $32,000 after purchasing an additional 273 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in shares of NIKE during the 1st quarter valued at approximately $32,000. 63.20% of the stock is owned by hedge funds and other institutional investors.
NIKE Company Profile
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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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.
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