Shares of Nike Inc. (NYSE:NKE) have been assigned an average rating of “Buy” from the thirty-three ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.06.

A number of research firms have recently weighed in on NKE. Vetr cut Nike from a “hold” rating to a “sell” rating and set a $54.86 price target for the company. in a report on Monday, July 11th. Barclays PLC set a $70.00 price target on Nike and gave the stock a “buy” rating in a report on Monday, September 12th. Citigroup Inc. increased their price target on Nike from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, September 28th. B. Riley restated a “neutral” rating and set a $55.00 target price (down from $62.00) on shares of Nike in a report on Monday, September 26th. Finally, OTR Global cut Nike to a “positive” rating in a report on Thursday, June 16th.

In other Nike news, EVP John F. Slusher sold 72,696 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $57.75, for a total transaction of $4,198,194.00. Following the completion of the sale, the executive vice president now owns 231,861 shares of the company’s stock, valued at $13,389,972.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Lechleiter purchased 1,000 shares of the stock in a transaction on Friday, September 30th. The shares were purchased at an average cost of $52.72 per share, with a total value of $52,720.00. Following the transaction, the director now owns 27,560 shares of the company’s stock, valued at approximately $1,452,963.20. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in Nike by 8.3% in the second quarter. Capstone Asset Management Co. now owns 384,426 shares of the footwear maker’s stock worth $21,220,000 after buying an additional 29,538 shares during the period. Dividend Assets Capital LLC increased its stake in Nike by 2.6% in the second quarter. Dividend Assets Capital LLC now owns 1,712,644 shares of the footwear maker’s stock worth $94,538,000 after buying an additional 43,935 shares during the period. National Pension Service increased its stake in Nike by 4.1% in the first quarter. National Pension Service now owns 709,270 shares of the footwear maker’s stock worth $43,599,000 after buying an additional 27,918 shares during the period. Gofen & Glossberg LLC IL increased its stake in Nike by 1.0% in the second quarter. Gofen & Glossberg LLC IL now owns 304,456 shares of the footwear maker’s stock worth $16,806,000 after buying an additional 2,890 shares during the period. Finally, AMP Capital Investors Ltd purchased a new stake in Nike during the first quarter worth about $37,460,000. 62.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Nike (NYSE:NKE) traded down 0.534% during trading on Tuesday, reaching $52.389. 4,163,878 shares of the company’s stock were exchanged. Nike has a 12-month low of $51.48 and a 12-month high of $68.20. The company has a market capitalization of $87.59 billion, a P/E ratio of 23.641 and a beta of 0.56. The stock has a 50-day moving average price of $56.41 and a 200 day moving average price of $57.06.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The business earned $9.06 billion during the quarter. Nike had a return on equity of 30.56% and a net margin of 11.60%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. Equities analysts expect that Nike will post $2.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.64 annualized dividend and a yield of 1.22%. Nike’s payout ratio is currently 28.83%.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.

5 Day Chart for NYSE:NKE

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