NIKE (NYSE:NKE) Stock Price Down 0.4%

NIKE, Inc. (NYSE:NKE - Get Free Report) traded down 0.4% on Friday . The company traded as low as $91.99 and last traded at $92.05. 1,655,030 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 9,230,195 shares. The stock had previously closed at $92.41.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on NIKE from $129.00 to $117.00 and set a "buy" rating for the company in a research report 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 on the stock in a research report on Friday, March 22nd. Jefferies Financial Group dropped their price objective on NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, March 22nd. Wedbush reiterated an "outperform" rating and issued a $115.00 price objective on shares of NIKE in a research report on Tuesday. Finally, UBS Group cut their price objective on shares of NIKE from $138.00 to $125.00 and set a "buy" rating for the company 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $116.26.

NIKE Price Performance

The firm has a market cap of $139.09 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. 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 $96.00 and its 200 day moving average is $103.11.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. NIKE's dividend payout ratio is currently 43.53%.

Institutional Investors Weigh In On NIKE

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of NIKE in the fourth quarter worth $1,315,097,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of NIKE by 87.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker's stock valued at $1,860,395,000 after purchasing an additional 7,996,434 shares during the last quarter. Capital International Investors grew its position in shares of NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker's stock valued at $2,997,628,000 after purchasing an additional 7,143,775 shares in the last quarter. Newport Trust Company LLC purchased a new stake in shares of NIKE during the 3rd quarter worth approximately $679,775,000. Finally, Flossbach Von Storch AG increased its position in NIKE by 433.5% in the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker's stock worth $394,775,000 after purchasing an additional 3,354,677 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

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.

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