NIKE (NYSE:NKE) Stock Price Up 0.5%

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) traded up 0.5% on Tuesday . The company traded as high as $94.72 and last traded at $94.64. 1,858,326 shares traded 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

A number of research firms have recently commented on NKE. Royal Bank of Canada restated a "sector perform" rating and issued a $100.00 price objective (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Wells Fargo & Company reduced their price target on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. TheStreet downgraded NIKE from a "b" rating to a "c+" rating in a research report on Tuesday, January 9th. Telsey Advisory Group reduced their target price on NIKE from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, March 18th. Finally, The Goldman Sachs Group lowered their price target on NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.26.

NIKE Price Performance

The firm has a market cap of $141.94 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm's 50 day moving average is $97.63 and its 200 day moving average is $103.44.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $12.28 billion. As a group, analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Absher Wealth Management LLC raised its holdings in NIKE by 16.3% in the 1st quarter. Absher Wealth Management LLC now owns 271,329 shares of the footwear maker's stock worth $25,500,000 after acquiring an additional 38,012 shares during the last quarter. Sweet Financial Partners LLC bought a new position in shares of NIKE during the first quarter valued at $1,681,000. LaFleur & Godfrey LLC boosted its position in shares of NIKE by 2.8% during the first quarter. LaFleur & Godfrey LLC now owns 47,592 shares of the footwear maker's stock valued at $4,473,000 after buying an additional 1,305 shares during the last quarter. United Asset Strategies Inc. raised its holdings in shares of NIKE by 237.2% during the first quarter. United Asset Strategies Inc. now owns 27,782 shares of the footwear maker's stock valued at $2,611,000 after purchasing an additional 19,542 shares during the last quarter. Finally, Wealth Advisory Solutions LLC boosted its holdings in NIKE by 48.1% in the first quarter. Wealth Advisory Solutions LLC now owns 77,340 shares of the footwear maker's stock worth $7,268,000 after purchasing an additional 25,132 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other 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.