NIKE (NYSE:NKE) Given New $93.00 Price Target at Telsey Advisory Group

NIKE (NYSE:NKE) had its price target lowered by equities research analysts at Telsey Advisory Group from $96.00 to $93.00 in a research report issued on Monday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the footwear maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 19.28% from the company’s previous close.

NKE has been the topic of several other reports. Barclays lowered their target price on NIKE from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. TD Cowen lowered their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley lowered their price target on shares of NIKE from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, December 13th. Finally, Bank of America reduced their price objective on shares of NIKE from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Fourteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.15.

NIKE Trading Up 1.0 %

Shares of NYSE:NKE opened at $77.97 on Monday. The stock’s 50-day simple moving average is $78.39 and its two-hundred day simple moving average is $80.83. The stock has a market capitalization of $116.91 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.93 and a beta of 1.02. NIKE has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. Analysts expect that NIKE will post 2.73 EPS for the current year.

Institutional Trading of NIKE

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the third quarter valued at $30,000. VitalStone Financial LLC grew its holdings in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC lifted its stake in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of NIKE during the second quarter valued at approximately $46,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of NIKE during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.