NIKE, Inc. (NYSE:NKE) Given Consensus Rating of "Hold" by Analysts

Key Points

• NIKE currently has a consensus analyst rating of "Hold" from 36 brokerages, with 3 sell, 18 hold, and 15 buy ratings. The average 12-month price target is about $60.89.
• The company reported recent quarterly earnings of $0.35 EPS on $11.28 billion in revenue, both slightly ahead of expectations. However, revenue was only marginally higher year over year, and analysts expect full-year EPS of $1.49.
• NIKE also announced a quarterly dividend of $0.41 per share, equal to a 3.7% yield. In addition, CEO Elliott Hill and Director Timothy D. Cook recently bought shares, signaling insider confidence despite the stock’s recent weakness.

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) have been given a consensus rating of "Hold" by the thirty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $60.8879.

A number of research analysts have recently issued reports on NKE shares. Williams Trading dropped their price target on shares of NIKE from $80.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. restated a "neutral" rating on shares of NIKE in a research report on Monday, April 13th. DZ Bank restated a "buy" rating on shares of NIKE in a research report on Tuesday, April 21st. Telsey Advisory Group lowered their price objective on shares of NIKE from $65.00 to $55.00 and set a "market perform" rating for the company in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group lowered their price objective on shares of NIKE from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st.

NIKE Stock Down 1.9%

Shares of NYSE NKE opened at $44.19 on Thursday. The company has a market capitalization of $65.45 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. NIKE has a 52-week low of $41.35 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The company's 50 day moving average price is $44.30 and its 200-day moving average price is $54.99.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. Equities analysts forecast that NIKE will post 1.49 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE's payout ratio is currently 108.61%.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is entering the World Cup with a major global marketing push, including new football boots, federation shirts, and refreshed store displays, which could boost brand visibility and merchandise sales. Nike gets World Cup opportunity it can’t afford to waste
• Positive Sentiment: Reports of record Knicks championship merchandise sales suggest strong demand tied to major sports moments, reinforcing Nike’s ability to monetize high-profile events. Nike (NKE) Sees Record Knicks Merch Sales As The World Cup Begins
• Neutral Sentiment: Several recent articles frame NIKE as a fairly valued stock after a multi-year decline, suggesting investors may see the shares as pricing in a lot of bad news already. Nike (NKE) Stock Price Looks Fair After Multi‑Year Slide And DCF Check
• Neutral Sentiment: Analysts continue to compare Nike with stronger-performing footwear peers like Steven Madden, highlighting that Nike still faces turnaround pressure and relative growth concerns. NIKE vs. Steven Madden: Which Stock Has an Edge in the Footwear Space?
• Negative Sentiment: Nike is still viewed as struggling to regain momentum ahead of its June 30 earnings report, keeping attention on whether management can show a real improvement in the business. Nike Stock Struggling to Bounce Back Before Earnings

Insider Buying and Selling

In related news, CEO Elliott Hill acquired 23,660 shares of the stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company's stock, valued at $11,211,990.69. The trade was a 9.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy D. Cook acquired 25,000 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the purchase, the director directly owned 130,480 shares in the company, valued at $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 64,441 shares of company stock worth $2,734,204 over the last ninety days. 0.80% of the stock is owned by company insiders.

Institutional Trading of NIKE

Hedge funds have recently modified their holdings of the stock. Cornerstone Financial Management LLC bought a new stake in NIKE during the 4th quarter valued at $26,000. Sankala Group LLC bought a new stake in NIKE during the 4th quarter valued at $26,000. J.Safra Asset Management Corp bought a new stake in NIKE during the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new stake in NIKE during the 4th quarter valued at $30,000. Finally, Scarborough Advisors LLC bought a new stake in NIKE during the 1st quarter valued at $25,000. Institutional investors own 64.25% of the company's stock.

NIKE Company Profile

Nike, Inc NYSE: NKE is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.