NIKE, Inc. (NYSE:NKE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NIKE, Inc. (NYSE:NKE) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-one ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $116.52.

A number of equities analysts have recently commented on NKE shares. Piper Sandler cut their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. UBS Group dropped their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Telsey Advisory Group lowered their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Citigroup dropped their price target on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of NIKE in a research note on Wednesday, March 27th.

Hedge Funds Weigh In On NIKE

A number of institutional investors and hedge funds have recently made changes to their positions in NKE. Financial Freedom LLC purchased a new stake in NIKE in the 4th quarter worth approximately $29,000. Iron Horse Wealth Management LLC raised its position in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after buying an additional 181 shares in the last quarter. Planned Solutions Inc. purchased a new stake in NIKE in the 4th quarter worth $29,000. Finally, True Wealth Design LLC lifted its position in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 1.3 %

NKE stock opened at $90.01 on Tuesday. The stock has a market cap of $136.99 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $99.85 and its two-hundred day simple moving average is $103.45. NIKE has a 1-year low of $88.66 and a 1-year high of $128.68.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. Analysts expect that NIKE will post 3.71 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services 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.