Nike, Inc. (NYSE:NKE) has been assigned a $75.00 price objective by stock analysts at Jefferies Group LLC in a research report issued on Tuesday. The firm presently has a “buy” rating on the footwear maker’s stock. Jefferies Group LLC’s price objective points to a potential upside of 28.12% from the company’s current price.

Several other analysts have also recently commented on the company. Cowen and Company set a $54.00 target price on Nike and gave the stock a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Nike in a research report on Thursday, July 27th. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Guggenheim reaffirmed a “buy” rating and issued a $70.00 target price on shares of Nike in a research report on Monday, July 24th. Finally, Stifel Nicolaus set a $66.00 price objective on Nike and gave the company a “buy” rating in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have issued a buy rating to the company. Nike presently has an average rating of “Buy” and a consensus price target of $61.04.

Nike (NKE) opened at 58.54 on Tuesday. The stock has a market capitalization of $96.19 billion, a P/E ratio of 23.32 and a beta of 0.59. The company’s 50-day moving average price is $58.47 and its 200 day moving average price is $55.74. Nike has a 52-week low of $49.01 and a 52-week high of $60.53. Nike also was the target of unusually large options trading on Tuesday. Stock investors bought 10,309 put options on the stock. This is an increase of approximately 171% compared to the average daily volume of 3,808 put options.

Nike (NYSE:NKE) last issued its earnings results on Thursday, June 29th. The footwear maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Nike had a return on equity of 34.18% and a net margin of 12.34%. Nike’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Nike will post $2.42 earnings per share for the current year.

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In other news, CFO Andrew Campion sold 5,722 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $59.40, for a total transaction of $339,886.80. Following the completion of the transaction, the chief financial officer now directly owns 34,976 shares in the company, valued at approximately $2,077,574.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eric D. Sprunk sold 112,323 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the transaction, the insider now owns 139,551 shares of the company’s stock, valued at $8,179,084.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 492,360 shares of company stock valued at $28,485,174. Corporate insiders own 3.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of NKE. Vanguard Group Inc. increased its position in Nike by 2.5% in the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock worth $5,876,718,000 after buying an additional 2,452,993 shares in the last quarter. State Street Corp increased its position in Nike by 1.4% in the first quarter. State Street Corp now owns 59,554,253 shares of the footwear maker’s stock worth $3,319,086,000 after buying an additional 835,003 shares in the last quarter. Wellington Management Group LLP increased its position in Nike by 5.0% in the first quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock worth $2,781,332,000 after buying an additional 2,375,447 shares in the last quarter. Bank of New York Mellon Corp increased its position in Nike by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 29,087,830 shares of the footwear maker’s stock worth $1,621,066,000 after buying an additional 144,846 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Nike by 124.7% in the first quarter. Jennison Associates LLC now owns 25,143,559 shares of the footwear maker’s stock worth $1,401,251,000 after buying an additional 13,953,567 shares in the last quarter. Institutional investors own 63.47% of the company’s stock.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Analyst Recommendations for Nike (NYSE:NKE)

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