Nike Inc (NYSE:NKE) Given Consensus Rating of “Buy” by Analysts

Shares of Nike Inc (NYSE:NKE) have been given a consensus rating of “Buy” by the thirty-three ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $89.86.

A number of analysts recently commented on NKE shares. JPMorgan Chase & Co. upped their price objective on Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Credit Suisse Group reissued a “buy” rating and set a $97.00 price target on shares of Nike in a research note on Friday, June 28th. Morgan Stanley upped their price objective on Nike from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Deutsche Bank set a $100.00 price objective on Nike and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus set a $96.00 price objective on Nike and gave the company a “buy” rating in a research report on Wednesday, August 7th.

NYSE NKE traded down $0.60 during trading on Tuesday, hitting $80.53. 5,903,124 shares of the company’s stock were exchanged, compared to its average volume of 6,503,924. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38. The company has a market cap of $125.79 billion, a PE ratio of 32.34, a P/E/G ratio of 2.13 and a beta of 0.78. Nike has a fifty-two week low of $66.53 and a fifty-two week high of $90.00. The stock’s 50 day moving average price is $85.03 and its two-hundred day moving average price is $84.59.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. Nike’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. Analysts forecast that Nike will post 2.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be paid a $0.22 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 1.09%. Nike’s dividend payout ratio (DPR) is currently 35.34%.

In related news, CAO Hilary K. Krane sold 17,903 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $88.70, for a total value of $1,587,996.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth J. Comstock sold 24,000 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $84.84, for a total value of $2,036,160.00. Following the completion of the transaction, the director now directly owns 38,813 shares in the company, valued at approximately $3,292,894.92. The disclosure for this sale can be found here. In the last three months, insiders sold 194,637 shares of company stock worth $16,767,237. 3.80% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Nike during the first quarter worth $25,000. Shamrock Asset Management LLC bought a new stake in shares of Nike in the 1st quarter worth about $25,000. Thor Advisors LLC bought a new stake in shares of Nike in the 1st quarter worth about $26,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Nike in the 1st quarter worth about $30,000. Finally, Hexavest Inc. bought a new stake in shares of Nike in the 2nd quarter worth about $30,000. 66.41% 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, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Featured Story: What is the definition of market timing?

Analyst Recommendations for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.