Several analysts have recently updated their ratings and price targets for Nike (NYSE: NKE):

  • 9/19/2017 – Nike was given a new $49.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 9/19/2017 – Nike was downgraded by analysts at UBS AG from a “positive” rating to a “neutral” rating.
  • 9/19/2017 – Nike had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $64.00 price target on the stock.
  • 9/19/2017 – Nike had its price target lowered by analysts at Wells Fargo & Company from $56.00 to $55.00. They now have a “market perform” rating on the stock.
  • 9/19/2017 – Nike had its price target lowered by analysts at Raymond James Financial, Inc. from $71.00 to $67.00. They now have an “outperform” rating on the stock.
  • 9/18/2017 – Nike was given a new $64.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/18/2017 – Nike had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $51.00 price target on the stock.
  • 9/17/2017 – Nike had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 9/14/2017 – Nike had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $53.40 price target on the stock, up previously from $52.00.
  • 9/14/2017 – Nike had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $69.00 price target on the stock.
  • 9/14/2017 – Nike had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $53.00 price target on the stock.
  • 9/13/2017 – Nike had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, down previously from $69.00.
  • 9/12/2017 – Nike was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $58.87 price target on the stock.
  • 9/12/2017 – Nike is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $69.00 price target on the stock.
  • 9/10/2017 – Nike had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $65.00 price target on the stock.
  • 9/6/2017 – Nike was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $59.09 price target on the stock.
  • 9/4/2017 – Nike was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $59.57 price target on the stock.
  • 8/30/2017 – Nike had its price target lowered by analysts at Telsey Advisory Group from $63.00 to $61.00. They now have an “outperform” rating on the stock.
  • 8/29/2017 – Nike was downgraded by analysts at Jefferies Group LLC to a “buy” rating.
  • 8/29/2017 – Nike had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $64.00 price target on the stock, down previously from $68.00.
  • 8/28/2017 – Nike was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $59.57 price target on the stock.
  • 8/24/2017 – Nike had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $66.00 price target on the stock.
  • 8/24/2017 – Nike had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 8/21/2017 – Nike was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $59.74 price target on the stock.
  • 8/21/2017 – Nike was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $60.00 price target on the stock, down previously from $75.00.
  • 8/21/2017 – Nike had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $58.00 price target on the stock, down previously from $63.00.
  • 8/19/2017 – Nike was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/15/2017 – Nike was given a new $75.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 8/4/2017 – Nike was given a new $54.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 7/27/2017 – Nike was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NIKE’s shares have outperformed the Consumer Discretionary sector in the last six months driven by a splendid surprise history, alongside focus on its “triple-double” and Consumer Direct Offense strategies. The company delivered 20th straight earnings beat in fourth-quarter fiscal 2017. While the company also managed to report solid sales, we note that sales at its key North American market continues to suffer due to lackluster product assortments, increased promotions and intensified competition. Additionally, the growth of eCommerce has weighed on its wholesale business in the region. We expect the promotional environment to continue hurting the segment’s sales. Further, the company provided a soft outlook for fiscal 2018 taking into account the operating environment, strategic changes and the foreign currency headwinds. First quarter estimates witnessed a downtrend in the last 30 days.”
  • 7/27/2017 – Nike had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 7/24/2017 – Nike had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $70.00 price target on the stock.
  • 7/22/2017 – Nike was given a new $66.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 7/22/2017 – Nike was given a new $53.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.

Shares of Nike, Inc. (NYSE:NKE) opened at 53.33 on Wednesday. The firm has a market capitalization of $87.63 billion, a P/E ratio of 21.25 and a beta of 0.61. The firm’s 50-day moving average price is $55.57 and its 200-day moving average price is $55.39. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53.

Nike (NYSE:NKE) last announced 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. Nike had a net margin of 12.34% and a return on equity of 34.18%. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.63 billion. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts predict that Nike, Inc. will post $2.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. Nike’s dividend payout ratio is presently 28.69%.

In other news, insider Eric D. Sprunk sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now directly owns 300,108 shares of the company’s stock, valued at $17,706,372. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Insiders have sold 508,360 shares of company stock worth $29,340,374 over the last ninety days. Insiders own 3.90% of the company’s stock.

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.

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