NIKE (NYSE:NKE) Price Target Lowered to $114.00 at Barclays

NIKE (NYSE:NKE) had its price target trimmed by Barclays from $142.00 to $114.00 in a report issued on Monday, Benzinga reports. The firm currently has an overweight rating on the footwear maker’s stock.

Several other equities research analysts have also commented on NKE. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an outperform rating for the company in a research note on Friday, March 22nd. Raymond James increased their target price on NIKE from $121.00 to $130.00 and gave the company an outperform rating in a research note on Tuesday, December 19th. TheStreet lowered NIKE from a b rating to a c+ rating in a research note on Tuesday, January 9th. Bank of America lowered their target price on NIKE from $125.00 to $120.00 and set a neutral rating for the company in a research note on Monday, March 18th. Finally, Sanford C. Bernstein lowered their target price on NIKE from $134.00 to $120.00 and set an outperform rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $116.75.

NIKE Stock Performance

Shares of NYSE:NKE opened at $94.15 on Monday. The firm has a market capitalization of $143.29 billion, a PE ratio of 27.69, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The business has a 50-day moving average of $101.65 and a two-hundred day moving average of $103.69. NIKE has a 12 month low of $88.66 and a 12 month high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, research analysts forecast that NIKE will post 3.65 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, March 1st. NIKE’s dividend payout ratio is presently 43.53%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NKE. Impact Partnership Wealth LLC lifted its holdings in shares of NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE in the 4th quarter worth approximately $29,000. Financial Freedom LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $29,000. Finally, True Wealth Design LLC lifted its holdings in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.