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

Key Points

• NIKE, Inc. has received an average recommendation of “Moderate Buy” from analysts, with 16 buy ratings and 13 hold recommendations among the 32 analysts covering the stock.
• The company reported a quarterly revenue of $11.10 billion, exceeding expectations, despite a year-over-year revenue decline of 11.9%.
• NIKE recently declared a quarterly dividend of $0.40 per share, representing an annualized yield of 2.10% and a payout ratio of 74.07%.

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-two brokerages that are presently covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $78.22.

Several analysts have commented on the stock. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a report on Friday, May 23rd. Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen lowered shares of NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Evercore ISI lowered their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Finally, UBS Group began coverage on shares of NIKE in a report on Sunday, July 6th. They set a "buy" rating for the company.

NIKE Trading Down 2.4%

Shares of NIKE stock traded down $1.81 during trading on Monday, reaching $74.87. 2,322,236 shares of the stock were exchanged, compared to its average volume of 17,429,799. 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's fifty day moving average is $67.80 and its 200 day moving average is $67.49. The firm has a market cap of $110.58 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. NIKE has a 1 year low of $52.28 and a 1 year high of $90.62.

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

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.80% of the company's stock.

Institutional Trading of NIKE

Several hedge funds have recently bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker's stock worth $1,007,000 after purchasing an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its stake in NIKE by 6.3% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker's stock worth $170,000 after purchasing an additional 142 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in NIKE by 10.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker's stock worth $120,000 after purchasing an additional 145 shares in the last quarter. Westmount Partners LLC raised its position in shares of NIKE by 2.9% during the 2nd quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker's stock valued at $367,000 after buying an additional 146 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of NIKE by 0.3% during the 2nd quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker's stock valued at $3,695,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

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.