NIKE (NYSE:NKE) Stock Price Up 0.3%

NIKE, Inc. (NYSE:NKE - Get Free Report) traded up 0.3% during trading on Wednesday . The company traded as high as $94.19 and last traded at $93.39. 10,388,153 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 11,716,572 shares. The stock had previously closed at $93.10.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Sanford C. Bernstein decreased their price objective on NIKE from $134.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. TD Cowen reissued a "market perform" rating and set a $104.00 target price (down from $129.00) on shares of NIKE in a report on Friday, December 22nd. Jefferies Financial Group reduced their target price on NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, March 22nd. TheStreet lowered NIKE from a "b" rating to a "c+" rating in a report on Tuesday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on NIKE from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued 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 an average price target of $116.26.

NIKE Stock Up 1.6 %

The stock has a 50 day moving average price of $98.47 and a 200 day moving average price of $103.42. The stock has a market capitalization of $143.15 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for 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, analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. NIKE's payout ratio is currently 43.53%.

Institutional Investors Weigh In On NIKE

A number of hedge funds have recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC increased its holdings in shares of NIKE by 220.7% during the third 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 in the last quarter. Annapolis Financial Services LLC increased its holdings 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 valued at $25,000 after acquiring an additional 220 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of NIKE by 120.7% during the fourth 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 during the last quarter. Planned Solutions Inc. purchased a new position in shares of NIKE during the fourth quarter valued at approximately $29,000. Finally, Financial Freedom LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $29,000. 64.25% of the stock is currently owned by institutional investors.

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.