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

NIKE, Inc. (NYSE:NKE) has been assigned an average rating of “Moderate Buy” from the thirty analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $114.81.

A number of analysts recently weighed in on NKE shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Barclays reduced their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research note on Monday, March 25th. Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Piper Sandler cut their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price target on shares of NIKE in a report on Tuesday, April 30th.

NIKE Trading Up 1.7 %

NYSE:NKE opened at $97.18 on Friday. NIKE has a 1 year low of $88.66 and a 1 year high of $123.39. The stock has a market cap of $146.68 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock has a 50-day simple moving average of $93.60 and a 200-day simple moving average of $99.91.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. As a group, analysts anticipate that NIKE will post 3.76 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. NIKE’s payout ratio is 43.53%.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock worth $19,946,333 in the last quarter. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently added to or reduced their stakes in the company. NBW Capital LLC increased its holdings in NIKE by 0.9% during the 1st quarter. NBW Capital LLC now owns 47,539 shares of the footwear maker’s stock worth $4,468,000 after purchasing an additional 431 shares during the last quarter. IMS Capital Management raised its holdings in NIKE by 2.7% in the first quarter. IMS Capital Management now owns 22,638 shares of the footwear maker’s stock valued at $2,127,000 after acquiring an additional 589 shares in the last quarter. American Trust boosted its stake in NIKE by 9.5% during the 1st quarter. American Trust now owns 44,107 shares of the footwear maker’s stock valued at $4,145,000 after acquiring an additional 3,833 shares during the last quarter. Portland Hill Asset Management Ltd acquired a new position in NIKE during the 1st quarter worth $958,000. Finally, Soltis Investment Advisors LLC increased its position in shares of NIKE by 62.6% in the 1st quarter. Soltis Investment Advisors LLC now owns 28,468 shares of the footwear maker’s stock worth $2,675,000 after purchasing an additional 10,958 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

About NIKE

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.