NIKE (NYSE:NKE) Trading Up 0.5%

Shares of NIKE, Inc. (NYSE:NKE) traded up 0.5% on Tuesday . The company traded as high as $94.72 and last traded at $94.64. 1,858,326 shares changed hands during trading, a decline of 80% from the average session volume of 9,499,628 shares. The stock had previously closed at $94.19.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. Citigroup reduced their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $113.00 in a report on Thursday, April 11th. UBS Group reduced their price objective on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Jefferies Financial Group lowered their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Up 0.3 %

The stock’s 50-day moving average price is $97.85 and its two-hundred day moving average price is $103.46. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $142.57 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.82 and a beta of 1.09.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. As a group, research analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Institutional Investors Weigh In On NIKE

Several institutional investors have recently added to or reduced their stakes in NKE. Iron Horse Wealth Management LLC lifted its stake in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 181 shares during the period. Annapolis Financial Services LLC lifted its position in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of NIKE in the fourth quarter worth $29,000. Finally, True Wealth Design LLC grew its position in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

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.