Nike (NYSE:NKE) had its target price increased by research analysts at BTIG Research from $117.00 to $140.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the footwear maker’s stock. BTIG Research’s price target indicates a potential upside of 18.05% from the stock’s current price.

NKE has been the topic of several other research reports. Raymond James lifted their price objective on Nike from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Sanford C. Bernstein boosted their target price on Nike from $101.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Credit Suisse Group dropped their target price on Nike from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. TheStreet downgraded Nike from a “b” rating to a “c+” rating in a research report on Thursday, June 25th. Finally, Argus restated a “buy” rating and set a $115.00 target price on shares of Nike in a research report on Tuesday, June 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-seven have issued a buy rating to the company. Nike has a consensus rating of “Buy” and an average target price of $113.41.

Shares of NYSE NKE opened at $118.59 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.48 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $107.68 and its two-hundred day moving average is $94.81. The company has a market cap of $186.06 billion, a P/E ratio of 75.06, a P/E/G ratio of 3.13 and a beta of 0.83. Nike has a 12 month low of $60.00 and a 12 month high of $120.48.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 25th. The footwear maker reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.53). Nike had a return on equity of 32.95% and a net margin of 6.79%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $7.26 billion. During the same period in the previous year, the business posted $0.62 EPS. Nike’s revenue for the quarter was down 38.0% compared to the same quarter last year. Sell-side analysts expect that Nike will post 2.31 earnings per share for the current fiscal year.

In other Nike news, CFO Matthew Friend sold 75,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $119.70, for a total value of $9,061,290.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Hilary K. Krane sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $96.33, for a total value of $1,059,630.00. The disclosure for this sale can be found here. Insiders sold 241,056 shares of company stock worth $26,663,725 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Nike by 668.9% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 346 shares of the footwear maker’s stock valued at $29,000 after purchasing an additional 301 shares in the last quarter. Demars Financial Group LLC acquired a new stake in shares of Nike in the 2nd quarter valued at $42,000. U S Global Investors Inc. acquired a new stake in shares of Nike in the 2nd quarter valued at $53,000. Perennial Advisors LLC acquired a new stake in shares of Nike in the 1st quarter valued at $30,000. Finally, Bainco International Investors acquired a new stake in shares of Nike during the 1st quarter valued at $52,000. Institutional investors own 64.20% of the company’s stock.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Analyst Recommendations for Nike (NYSE:NKE)

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