NIKE (NYSE:NKE) Trading Down 0.2%

NIKE, Inc. (NYSE:NKE - Get Free Report) shares fell 0.2% during trading on Tuesday . The company traded as low as $91.65 and last traded at $92.96. 2,188,192 shares were traded during mid-day trading, a decline of 77% from the average session volume of 9,461,733 shares. The stock had previously closed at $93.10.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NKE. Wells Fargo & Company lowered their target price on NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, March 22nd. The Goldman Sachs Group lowered their target price on NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, December 22nd. Finally, Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an "overweight" rating on the stock in a research note on Monday, March 25th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.26.

NIKE Stock Up 0.3 %

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 has a market cap of $140.94 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.79 and a beta of 1.09. The business has a fifty day simple moving average of $98.65 and a 200 day simple moving average of $103.48.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $12.28 billion. As a group, equities analysts forecast that NIKE, Inc. will post 3.7 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. NIKE's dividend payout ratio is presently 43.53%.

Institutional Investors Weigh In On NIKE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its stake in NIKE by 139,649.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker's stock worth $1,967,325,000 after acquiring an additional 16,801,276 shares during the last quarter. Norges Bank acquired a new stake in NIKE during the fourth quarter worth $1,315,097,000. Price T Rowe Associates Inc. MD increased its stake in NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker's stock worth $1,860,395,000 after acquiring an additional 7,996,434 shares during the last quarter. Capital International Investors increased its stake in NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker's stock worth $2,997,628,000 after acquiring an additional 7,143,775 shares during the last quarter. Finally, Newport Trust Company LLC acquired a new stake in NIKE during the third quarter worth $679,775,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Company Profile

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.