NIKE (NYSE:NKE) PT Set at $115.00 by Jefferies Financial Group

NIKE (NYSE:NKEGet Rating) has been given a $115.00 price objective by stock analysts at Jefferies Financial Group in a report issued on Friday, Borsen Zeitung reports. Jefferies Financial Group’s target price would suggest a potential upside of 9.09% from the company’s current price.

NKE has been the topic of a number of other reports. TheStreet lowered shares of NIKE from a “b-” rating to a “c+” rating in a report on Monday, October 3rd. UBS Group set a $141.00 price target on NIKE in a research report on Monday, November 14th. Morgan Stanley lowered their price objective on NIKE from $129.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, September 30th. Erste Group Bank cut shares of NIKE from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Stifel Nicolaus lowered their price target on shares of NIKE from $130.00 to $110.00 and set a “buy” rating for the company in a report on Friday, September 30th. Thirteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.96.

NIKE Stock Up 0.1 %

Shares of NYSE NKE opened at $105.42 on Friday. The stock has a market cap of $165.36 billion, a PE ratio of 29.86, a P/E/G ratio of 3.49 and a beta of 1.12. The company has a current ratio of 2.64, a quick ratio of 1.76 and a debt-to-equity ratio of 0.56. NIKE has a 12-month low of $82.22 and a 12-month high of $177.75. The company has a 50-day moving average of $95.34 and a 200 day moving average of $105.41.

NIKE (NYSE:NKEGet Rating) last released its quarterly earnings data on Thursday, September 29th. The footwear maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. NIKE had a net margin of 11.96% and a return on equity of 37.08%. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.28 billion. During the same period last year, the business earned $1.16 earnings per share. NIKE’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that NIKE will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 5,882 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $93.55, for a total transaction of $550,261.10. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at $5,632,926.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NKE. LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 63.3% in the second quarter. LFA Lugano Financial Advisors SA now owns 258 shares of the footwear maker’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Antonetti Capital Management LLC grew its position in shares of NIKE by 900.0% in the first quarter. Antonetti Capital Management LLC now owns 200 shares of the footwear maker’s stock valued at $27,000 after purchasing an additional 180 shares during the last quarter. Turim 21 Investimentos Ltda. increased its stake in shares of NIKE by 821.1% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 312 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of NIKE during the 1st quarter worth approximately $32,000. Finally, Heritage Financial Services LLC purchased a new stake in NIKE in the 2nd quarter valued at approximately $33,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

NIKE Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.