NIKE (NYSE:NKE) Given a $145.00 Price Target by Royal Bank of Canada Analysts

NIKE (NYSE:NKE – Get Rating) has been given a $145.00 price objective by analysts at Royal Bank of Canada in a report released on Friday, Borsen Zeitung reports. Royal Bank of Canada’s price target indicates a potential upside of 20.44% from the company’s current price.

NKE has been the topic of several other reports. Deutsche Bank Aktiengesellschaft boosted their target price on NIKE from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Cowen boosted their target price on NIKE from $131.00 to $141.00 in a report on Tuesday, January 10th. Sanford C. Bernstein set a $122.00 target price on NIKE in a report on Monday, January 2nd. Telsey Advisory Group boosted their target price on NIKE from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday. Finally, StockNews.com initiated coverage on NIKE in a report on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.66.

NIKE Trading Down 0.2 %

NKE stock opened at $120.39 on Friday. NIKE has a 1-year low of $82.22 and a 1-year high of $139.86. The firm has a market cap of $186.67 billion, a P/E ratio of 33.91, a P/E/G ratio of 3.79 and a beta of 1.10. The business’s 50 day moving average is $123.67 and its 200-day moving average is $109.92. The company has a current ratio of 2.69, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58.

NIKE (NYSE:NKE – Get Rating) last released its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.20. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. NIKE had a return on equity of 36.83% and a net margin of 11.47%. Equities analysts anticipate that NIKE will post 3.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter B. Henry bought 557 shares of the stock in a transaction on Tuesday, February 7th. The stock was purchased at an average price 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NIKE news, Director Peter B. Henry acquired 557 shares of NIKE stock in a transaction dated Tuesday, February 7th. The stock was bought at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the purchase, the director now directly owns 4,062 shares in the company, valued at approximately $509,577.90. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Monique S. Matheson sold 5,000 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $124.00, for a total transaction 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. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On NIKE

Hedge funds have recently bought and sold shares of the company. Absher Wealth Management LLC lifted its stake in NIKE by 6.2% in the 3rd quarter. Absher Wealth Management LLC now owns 157,232 shares of the footwear maker’s stock valued at $13,069,000 after purchasing an additional 9,148 shares during the last quarter. Essex Financial Services Inc. lifted its stake in NIKE by 3.9% in the 3rd quarter. Essex Financial Services Inc. now owns 5,890 shares of the footwear maker’s stock valued at $490,000 after purchasing an additional 219 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in NIKE by 11.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 33,730 shares of the footwear maker’s stock valued at $2,804,000 after purchasing an additional 3,561 shares during the last quarter. Sawyer & Company Inc acquired a new stake in NIKE in the 3rd quarter valued at about $53,000. Finally, Stonegate Investment Group LLC lifted its position in NIKE by 15.1% during the third quarter. Stonegate Investment Group LLC now owns 8,402 shares of the footwear maker’s stock worth $698,000 after acquiring an additional 1,105 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

About NIKE

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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.