NIKE (NYSE:NKE) PT Raised to $110.00

NIKE (NYSE:NKE – Get Rating) had its price target hoisted by Barclays from $109.00 to $110.00 in a report published on Tuesday, The Fly reports.

Several other research analysts have also recently issued reports on the stock. Piper Sandler upped their target price on shares of NIKE from $95.00 to $105.00 and gave the company a neutral rating in a report on Wednesday, December 21st. Royal Bank of Canada upped their target price on shares of NIKE from $130.00 to $145.00 and gave the company an outperform rating in a report on Tuesday, February 21st. HSBC upped their target price on shares of NIKE from $100.00 to $125.00 and gave the company a hold rating in a report on Thursday, January 12th. Oppenheimer upped their target price on shares of NIKE from $135.00 to $150.00 and gave the company an outperform rating in a report on Tuesday, February 21st. Finally, Jefferies Financial Group set a $140.00 target price on shares of NIKE in a report on Monday, January 2nd. Twelve research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $130.54.

NIKE Trading Up 1.8 %

NYSE NKE opened at $119.00 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.69 and a debt-to-equity ratio of 0.58. NIKE has a 52 week low of $82.22 and a 52 week high of $139.86. The stock has a market capitalization of $184.52 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.92 and a beta of 1.10. The firm has a 50 day moving average of $123.81 and a two-hundred day moving average of $109.69.

NIKE (NYSE:NKE – Get Rating) last posted its quarterly earnings results 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 company had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $12.61 billion. As a group, research analysts expect that NIKE will post 3.13 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 6th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, March 3rd. NIKE’s dividend payout ratio is currently 38.31%.

Insiders Place Their Bets

In related news, EVP Monique S. Matheson sold 5,000 shares of NIKE stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Peter B. Henry bought 557 shares of NIKE stock in a transaction that occurred on Tuesday, February 7th. The stock was purchased at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the acquisition, the director now owns 4,062 shares in the company, valued at $509,577.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 60,213 shares of the company’s stock, valued at $7,466,412. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Trading of NIKE

A number of large investors have recently bought and sold shares of the stock. Claro Advisors LLC grew its position in shares of NIKE by 30.5% during the 4th quarter. Claro Advisors LLC now owns 8,562 shares of the footwear maker’s stock worth $1,002,000 after buying an additional 2,000 shares during the period. Mather Group LLC. lifted its position in shares of NIKE by 4.3% in the fourth quarter. Mather Group LLC. now owns 8,668 shares of the footwear maker’s stock worth $1,014,000 after purchasing an additional 354 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new position in NIKE during the fourth quarter worth $230,000. Sheets Smith Wealth Management increased its holdings in NIKE by 0.3% during the fourth quarter. Sheets Smith Wealth Management now owns 78,675 shares of the footwear maker’s stock worth $9,206,000 after buying an additional 248 shares during the last quarter. Finally, Great Lakes Retirement Inc. acquired a new position in shares of NIKE in the fourth quarter valued at $1,474,000. 63.20% of the stock is currently owned by institutional investors.

NIKE Company Profile

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.