NIKE, Inc. (NYSE:NKE – Get Rating) has been assigned an average recommendation of “Buy” from the thirty-three research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $171.50.
Several research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $163.00 price target on shares of NIKE in a research report on Tuesday, March 22nd. Credit Suisse Group increased their price target on shares of NIKE from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 22nd. Truist Financial boosted their price objective on shares of NIKE from $164.00 to $176.00 in a research report on Tuesday, March 22nd. Telsey Advisory Group cut their target price on shares of NIKE from $190.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, March 18th. Finally, Seaport Res Ptn restated a “buy” rating on shares of NIKE in a report on Tuesday, January 18th.
Shares of NKE opened at $133.46 on Friday. The firm’s 50 day moving average is $133.65 and its 200-day moving average is $151.12. The stock has a market capitalization of $211.04 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.06 and a quick ratio of 2.18. NIKE has a 12-month low of $116.75 and a 12-month high of $179.10.
The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 7th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, March 4th. NIKE’s dividend payout ratio (DPR) is 32.19%.
In other NIKE news, Chairman Mark G. Parker sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 26th. The shares were sold at an average price of $146.39, for a total transaction of $14,639,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in NKE. Mcdonald Partners LLC raised its position in shares of NIKE by 0.7% during the third quarter. Mcdonald Partners LLC now owns 8,989 shares of the footwear maker’s stock valued at $1,305,000 after buying an additional 61 shares during the last quarter. EPG Wealth Management LLC raised its position in shares of NIKE by 3.8% during the third quarter. EPG Wealth Management LLC now owns 1,666 shares of the footwear maker’s stock valued at $242,000 after buying an additional 61 shares during the last quarter. IRON Financial LLC raised its position in shares of NIKE by 4.0% during the third quarter. IRON Financial LLC now owns 1,674 shares of the footwear maker’s stock valued at $243,000 after buying an additional 64 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of NIKE by 1.4% during the third quarter. Beacon Investment Advisory Services Inc. now owns 4,750 shares of the footwear maker’s stock valued at $690,000 after buying an additional 66 shares during the last quarter. Finally, Jackson Square Capital LLC raised its position in shares of NIKE by 0.5% during the third quarter. Jackson Square Capital LLC now owns 14,975 shares of the footwear maker’s stock valued at $2,175,000 after buying an additional 68 shares during the last quarter. Institutional investors own 64.58% of the company’s stock.
NIKE Company Profile (Get Rating)
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.
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