Analysts Set NIKE, Inc. (NYSE:NKE) Price Target at $77.19

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-one ratings firms that are currently covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $77.19.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wall Street Zen downgraded NIKE from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Berenberg Bank assumed coverage on NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective for the company. Morgan Stanley boosted their price objective on NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company boosted their price objective on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th.

Institutional Trading of NIKE

Large investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in NIKE during the 1st quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the 4th quarter valued at $28,000. LFA Lugano Financial Advisors SA grew its holdings in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after acquiring an additional 210 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the 4th quarter valued at $30,000. Finally, Saudi Central Bank purchased a new position in shares of NIKE during the 1st quarter valued at $30,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NKE stock traded down $0.11 during midday trading on Thursday, reaching $76.28. The company had a trading volume of 12,022,568 shares, compared to its average volume of 15,355,444. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $62.36 and a 200 day moving average price of $67.42. NIKE has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The firm has a market capitalization of $112.83 billion, a PE ratio of 35.31, a P/E/G ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. NIKE's quarterly revenue was down 11.9% compared to the same quarter last year. Analysts anticipate that NIKE will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

About NIKE

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.