NIKE (NYSE:NKE) Stock Price Down 0.2%

NIKE, Inc. (NYSE:NKE - Get Free Report)'s share price fell 0.2% on Monday . The stock traded as low as $93.94 and last traded at $94.31. 2,799,117 shares traded hands during trading, a decline of 71% from the average session volume of 9,522,524 shares. The stock had previously closed at $94.53.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of NIKE from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, March 22nd. The Goldman Sachs Group lowered their price objective on shares of NIKE from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. Barclays reduced their target price on NIKE from $142.00 to $114.00 and set an "overweight" rating on the stock in a report on Monday, March 25th. Bank of America upgraded NIKE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Finally, Wells Fargo & Company cut their price target 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. Two investment 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.26.

NIKE Stock Performance

The company has a fifty day moving average of $98.11 and a two-hundred day moving average of $103.48. The firm has a market capitalization of $142.18 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (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 company had revenue of $12.43 billion during the quarter, compared to analysts' expectations of $12.28 billion. As a group, equities research analysts predict that NIKE, Inc. will post 3.73 earnings per share 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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE's dividend payout ratio (DPR) is currently 43.53%.

Hedge Funds Weigh In On NIKE

Hedge funds have recently added to or reduced their stakes in the stock. Excalibur Management Corp grew its stake in shares of NIKE by 1.9% in the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker's stock worth $492,000 after acquiring an additional 98 shares in the last quarter. Baxter Bros Inc. boosted its stake in shares of NIKE by 2.0% in the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker's stock worth $482,000 after buying an additional 100 shares during the last quarter. First Pacific Financial grew its holdings in shares of NIKE by 1.3% in the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker's stock valued at $774,000 after acquiring an additional 100 shares in the last quarter. Jeppson Wealth Management LLC increased its position in shares of NIKE by 4.5% during the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker's stock valued at $221,000 after acquiring an additional 100 shares during the last quarter. Finally, Cairn Investment Group Inc. grew its stake in NIKE by 4.2% in the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker's stock valued at $239,000 after purchasing an additional 100 shares during the period. 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.