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

Shares of NIKE, Inc. (NYSE:NKE) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the firm, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $96.70.

NKE has been the subject of several analyst reports. Jefferies Financial Group raised their target price on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Monday. BMO Capital Markets cut their target price on NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $100.00 price objective on shares of NIKE in a research report on Friday, September 20th. Morgan Stanley lifted their price objective on NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wedbush cut their price objective on NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, June 28th.

NIKE Price Performance

Shares of NYSE:NKE opened at $88.37 on Tuesday. NIKE has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market capitalization of $133.37 billion, a PE ratio of 23.69, a PEG ratio of 2.30 and a beta of 1.02. The business’s 50 day moving average is $79.94 and its 200-day moving average is $86.49. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a $0.37 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. NIKE’s dividend payout ratio (DPR) is 39.68%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of NIKE

Several hedge funds and other institutional investors have recently bought and sold shares of NKE. Annapolis Financial Services LLC lifted its position in NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the period. True Wealth Design LLC raised its position in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $33,000. Core Wealth Advisors Inc. raised its position in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $38,000. 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.