NIKE, Inc. (NYSE:NKE) Receives Consensus Rating of “Moderate Buy” from Analysts

NIKE, Inc. (NYSE:NKE) has been given an average rating of “Moderate Buy” by the thirty-one ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.26.

Several equities research analysts have issued reports on NKE shares. Wells Fargo & Company cut their price objective on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus decreased their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Citigroup dropped their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Morgan Stanley decreased their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Finally, Sanford C. Bernstein cut their price objective on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd.

Insider Transactions at NIKE

In related news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of NIKE by 8.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,364,583 shares of the footwear maker’s stock worth $128,244,000 after buying an additional 109,434 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its holdings in NIKE by 6.9% in the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 104,800 shares of the footwear maker’s stock worth $9,849,000 after acquiring an additional 6,777 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of NIKE in the first quarter valued at approximately $713,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of NIKE by 8.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,461,877 shares of the footwear maker’s stock worth $231,367,000 after acquiring an additional 189,896 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in NIKE during the 1st quarter worth about $4,560,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NKE opened at $93.59 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $141.26 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07. NIKE has a 12-month low of $88.66 and a 12-month high of $126.46. The business has a 50 day moving average of $95.28 and a 200-day moving average of $102.91.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, equities research analysts expect that NIKE will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. NIKE’s payout ratio is 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.