Citigroup reaffirmed their buy rating on shares of Nike (NYSE:NKE) in a research report released on Tuesday. The firm currently has a $74.00 target price on the footwear maker’s stock.

Other equities research analysts have also recently issued reports about the company. B. Riley restated a neutral rating on shares of Nike in a research note on Wednesday, November 1st. FBR & Co restated a hold rating and set a $53.00 price objective on shares of Nike in a research note on Thursday, September 14th. Susquehanna Bancshares restated a neutral rating and set a $64.00 price objective on shares of Nike in a research note on Tuesday, September 19th. Raymond James Financial decreased their price objective on Nike from $71.00 to $67.00 and set an outperform rating for the company in a research note on Tuesday, September 19th. Finally, Wedbush restated a neutral rating and set a $53.40 price objective (up from $52.00) on shares of Nike in a research note on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $62.19.

Shares of Nike (NYSE:NKE) opened at $64.24 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. The firm has a market capitalization of $105,738.61, a price-to-earnings ratio of 27.58, a P/E/G ratio of 3.04 and a beta of 0.64. Nike has a 12 month low of $50.35 and a 12 month high of $65.18.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. analysts anticipate that Nike will post 2.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio (DPR) is presently 34.04%.

In related news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the sale, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 23,248 shares in the company, valued at $1,511,120. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,094 shares of company stock valued at $17,480,160. Company insiders own 3.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NKE. AustralianSuper Pty Ltd grew its holdings in Nike by 16.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,955,000 shares of the footwear maker’s stock valued at $101,367,000 after purchasing an additional 278,600 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Nike by 1.5% in the third quarter. Parametric Portfolio Associates LLC now owns 4,352,267 shares of the footwear maker’s stock valued at $225,665,000 after purchasing an additional 64,059 shares during the period. Shelton Capital Management grew its holdings in Nike by 3.3% in the third quarter. Shelton Capital Management now owns 31,977 shares of the footwear maker’s stock valued at $1,658,000 after purchasing an additional 1,009 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Nike by 51.5% in the third quarter. Chicago Partners Investment Group LLC now owns 9,220 shares of the footwear maker’s stock valued at $478,000 after purchasing an additional 3,134 shares during the period. Finally, Institutional & Family Asset Management LLC grew its holdings in Nike by 12.0% in the third quarter. Institutional & Family Asset Management LLC now owns 14,984 shares of the footwear maker’s stock valued at $777,000 after purchasing an additional 1,606 shares during the period. 62.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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