NIKE - NKE Stock Forecast, Price & News

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Analyst Ratings Changes

NKE has been the subject of a number of recent research reports. Barclays lowered their target price on NIKE from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, June 29th. Telsey Advisory Group lowered their target price on NIKE from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft set a $130.00 target price on NIKE in a research note on Tuesday, June 28th. Credit Suisse Group set a $130.00 target price on NIKE in a research note on Wednesday, June 29th. Finally, Seaport Res Ptn lowered NIKE from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 22nd. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $137.46.

NIKE Stock Performance

NIKE stock opened at $118.06 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $185.18 billion, a P/E ratio of 31.40, a PEG ratio of 2.45 and a beta of 1.02. The stock's 50 day moving average is $109.58 and its 200 day moving average is $121.85. NIKE has a twelve month low of $99.53 and a twelve month high of $179.10.

NIKE (NYSE:NKE - Get Rating) last posted its quarterly earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.09. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.10 billion. NIKE had a return on equity of 40.74% and a net margin of 12.94%. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities research analysts predict that NIKE will post 3.8 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a $0.305 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.22 annualized dividend and a dividend yield of 1.03%. NIKE's payout ratio is currently 32.45%.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 19,500 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $103.45, for a total value of $2,017,275.00. Following the sale, the executive vice president now owns 80,355 shares in the company, valued at approximately $8,312,724.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NIKE news, EVP Monique S. Matheson sold 19,500 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $103.45, for a total transaction of $2,017,275.00. Following the sale, the executive vice president now directly owns 80,355 shares in the company, valued at approximately $8,312,724.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew Friend sold 4,139 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the chief financial officer now owns 56,539 shares in the company, valued at $6,412,653.38. The disclosure for this sale can be found here. Insiders have sold 82,796 shares of company stock worth $9,085,334 in the last 90 days. Insiders own 0.40% of the company's stock.