NIKE, Inc. (NYSE:NKE - Get Free Report) shares rose 0.9% on Tuesday . The company traded as high as $94.32 and last traded at $94.18. Approximately 2,237,508 shares were traded during trading, a decline of 76% from the average daily volume of 9,167,997 shares. The stock had previously closed at $93.36.
Wall Street Analysts Forecast Growth
NKE has been the topic of a number of research reports. Williams Trading reaffirmed a "sell" rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Jefferies Financial Group cut their target price on shares of NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, March 22nd. Wells Fargo & Company cut their target price on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Stifel Nicolaus dropped their price objective on shares of NIKE from $129.00 to $117.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Finally, Oppenheimer lowered shares of NIKE from an "outperform" rating to a "market perform" rating and set a $110.00 price objective on the stock. in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $116.26.
Get Our Latest Stock Analysis on NKE
NIKE Price Performance
The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average price is $95.28 and its two-hundred day moving average price is $102.91. The stock has a market capitalization of $141.55 billion, a PE ratio of 27.58, a PEG ratio of 1.78 and a beta of 1.07.
NIKE (NYSE:NKE - Get Free Report) last announced its 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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to analysts' expectations of $12.28 billion. On average, equities analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.
NIKE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. NIKE's dividend payout ratio is currently 43.53%.
Institutional Trading of NIKE
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC increased its holdings in 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. Annapolis Financial Services LLC boosted its position in shares of NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker's stock worth $25,000 after purchasing an additional 220 shares during the period. Planned Solutions Inc. bought a new position in shares of NIKE in the fourth quarter worth approximately $29,000. True Wealth Design LLC boosted its position in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker's stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Core Wealth Advisors Inc. boosted its position in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker's stock worth $33,000 after purchasing an additional 241 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.
About NIKE
(
Get Free Report)
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.
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