NIKE (NYSE:NKE – Get Rating) had its price objective upped by research analysts at JPMorgan Chase & Co. from $128.00 to $156.00 in a note issued to investors on Thursday, The Fly reports. JPMorgan Chase & Co.'s price objective suggests a potential upside of 23.01% from the stock's current price.
Several other brokerages have also recently weighed in on NKE. Royal Bank of Canada set a $130.00 target price on NIKE in a report on Tuesday, January 17th. StockNews.com began coverage on NIKE in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Jefferies Financial Group set a $140.00 price target on NIKE in a report on Monday, January 2nd. Wells Fargo & Company boosted their price target on shares of NIKE from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of NIKE from $126.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, December 21st. Twelve equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.18.
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Shares of NKE opened at $126.82 on Thursday. The stock has a 50 day moving average price of $115.47 and a 200 day moving average price of $106.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.69. The stock has a market capitalization of $196.64 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 4.26 and a beta of 1.09. NIKE has a one year low of $82.22 and a one year high of $149.68.
NIKE (NYSE:NKE – Get Rating) last issued its earnings results on Tuesday, December 20th. The footwear maker reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.20. The business had revenue of $13.32 billion during the quarter, compared to analysts' expectations of $12.61 billion. NIKE had a net margin of 11.47% and a return on equity of 36.83%. Equities research analysts forecast that NIKE will post 3.1 earnings per share for the current fiscal year.Insider Activity
In related news, EVP Monique S. Matheson sold 5,000 shares of the business's stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $115.83, for a total transaction of $579,150.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company's stock, valued at approximately $6,974,471.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Monique S. Matheson sold 10,000 shares of NIKE stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $108.16, for a total transaction of $1,081,600.00. Following the completion of the sale, the executive vice president now directly owns 60,213 shares of the company's stock, valued at approximately $6,512,638.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Monique S. Matheson sold 5,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $115.83, for a total value of $579,150.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares in the company, valued at approximately $6,974,471.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,882 shares of company stock worth $2,831,011. Corporate insiders own 0.40% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA boosted its holdings in NIKE by 63.3% in the second 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. Turim 21 Investimentos Ltda. grew its position in shares of NIKE by 821.1% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker's stock valued at $29,000 after buying an additional 312 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in NIKE by 27,300.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 274 shares of the footwear maker's stock valued at $32,000 after acquiring an additional 273 shares during the last quarter. Worth Asset Management LLC acquired a new position in NIKE in the first quarter valued at $32,000. Finally, Heritage Financial Services LLC purchased a new position in shares of NIKE during the second quarter worth about $33,000. 63.20% of the stock is owned by institutional investors and hedge funds.
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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