NIKE (NYSE:NKE) Given a $130.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $130.00 target price on NIKE (NYSE:NKE – Get Rating) in a report published on Tuesday morning, Borsen Zeitung reports.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company lifted their target price on NIKE from $130.00 to $135.00 and gave the company an overweight rating in a research note on Wednesday, December 21st. Cowen lifted their target price on NIKE from $131.00 to $141.00 in a research note on Tuesday. Argus lowered NIKE from a buy rating to a hold rating in a research note on Monday, October 3rd. Jefferies Financial Group set a $140.00 target price on NIKE in a research note on Monday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on NIKE from $126.00 to $133.00 and gave the stock a buy rating in a research note on Wednesday, December 21st. Twelve investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, NIKE has a consensus rating of Moderate Buy and an average price target of $126.89.

NIKE Price Performance

NKE opened at $125.84 on Tuesday. The business’s 50-day moving average is $109.00 and its two-hundred day moving average is $105.18. NIKE has a 1 year low of $82.22 and a 1 year high of $153.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.69 and a quick ratio of 1.78. The firm has a market capitalization of $197.39 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Monday, December 5th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.08%. This is an increase from NIKE’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, December 2nd. NIKE’s dividend payout ratio is presently 38.31%.

Insider Transactions at NIKE

In other news, EVP Monique S. Matheson sold 5,882 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was 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 approximately $5,632,926.15. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Monique S. Matheson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $115.83, for a total transaction of $579,150.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at approximately $6,974,471.79. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Monique S. Matheson sold 5,882 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $93.55, for a total value of $550,261.10. Following the sale, the executive vice president now owns 60,213 shares of the company’s stock, valued at $5,632,926.15. The disclosure for this sale can be found here. Insiders sold a total of 25,882 shares of company stock valued at $2,831,011 in the last three months. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of NIKE

Several large investors have recently made changes to their positions in NKE. Renaissance Technologies LLC purchased a new stake in shares of NIKE during the second quarter worth approximately $212,851,000. Two Sigma Investments LP increased its position in shares of NIKE by 487.6% during the third quarter. Two Sigma Investments LP now owns 2,151,470 shares of the footwear maker’s stock worth $178,830,000 after purchasing an additional 1,785,322 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of NIKE by 187.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,345,116 shares of the footwear maker’s stock worth $194,926,000 after purchasing an additional 1,528,375 shares in the last quarter. Coho Partners Ltd. purchased a new stake in shares of NIKE during the third quarter worth approximately $118,416,000. Finally, Lazard Asset Management LLC increased its position in shares of NIKE by 221.5% during the first quarter. Lazard Asset Management LLC now owns 2,046,445 shares of the footwear maker’s stock worth $275,368,000 after purchasing an additional 1,409,913 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Company Profile

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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.