NIKE (NYSE:NKE) Given a $164.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $164.00 price target on NIKE (NYSE:NKE – Get Rating) in a research note published on Tuesday morning, Borsen Zeitung reports.

NKE has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of NIKE from $202.00 to $160.00 in a research report on Thursday, March 17th. Wedbush reiterated an outperform rating and set a $163.00 target price on shares of NIKE in a research report on Tuesday, March 22nd. Wells Fargo & Company reduced their price target on shares of NIKE from $175.00 to $165.00 and set an overweight rating on the stock in a research report on Thursday, March 17th. Cowen reduced their price target on shares of NIKE from $192.00 to $144.00 and set an outperform rating on the stock in a research report on Tuesday, March 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of NIKE from $173.00 to $175.00 in a research report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of Buy and a consensus target price of $172.41.

NYSE:NKE opened at $122.86 on Tuesday. The firm’s 50-day moving average is $129.96 and its 200-day moving average is $149.14. NIKE has a 52-week low of $116.75 and a 52-week high of $179.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.18 and a current ratio of 3.06. The company has a market cap of $193.35 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 2.40 and a beta of 0.95.

NIKE (NYSE:NKE – Get Rating) last posted its quarterly earnings data on Monday, March 21st. The footwear maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.16. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.61 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that NIKE will post 3.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, March 7th were paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, March 4th. NIKE’s dividend payout ratio (DPR) is 32.19%.

Large investors have recently modified their holdings of the business. Retirement Planning Co of New England Inc. bought a new stake in NIKE in the fourth quarter valued at approximately $26,000. Aquire Wealth Advisors LLC bought a new stake in NIKE in the fourth quarter valued at approximately $26,000. Horan Securities Inc. bought a new stake in NIKE in the fourth quarter valued at approximately $29,000. Sycomore Asset Management bought a new stake in NIKE in the fourth quarter valued at approximately $31,000. Finally, Alpha Paradigm Partners LLC bought a new stake in NIKE in the fourth quarter valued at approximately $31,000. 65.35% of the stock is owned by hedge funds and other institutional investors.

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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