NIKE (NYSE:NKE) PT Raised to $138.00 at Telsey Advisory Group

NIKE (NYSE:NKEGet Rating) had its price target upped by equities research analysts at Telsey Advisory Group from $133.00 to $138.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the footwear maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 14.63% from the stock’s current price. Telsey Advisory Group also issued estimates for NIKE’s Q4 2023 earnings at $0.80 EPS, FY2023 earnings at $3.11 EPS, Q2 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.01 EPS and FY2024 earnings at $3.95 EPS.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on NIKE from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Oppenheimer raised their target price on NIKE from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Royal Bank of Canada raised their target price on NIKE from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Robert W. Baird raised their target price on NIKE from $120.00 to $130.00 in a report on Wednesday, December 21st. Finally, BMO Capital Markets raised their target price on NIKE from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.66.

NIKE Stock Down 0.2 %

Shares of NYSE:NKE opened at $120.39 on Friday. The stock’s 50-day moving average price is $123.67 and its two-hundred day moving average price is $109.92. The company has a current ratio of 2.69, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58. NIKE has a 12-month low of $82.22 and a 12-month high of $139.86. The firm has a market cap of $186.67 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.79 and a beta of 1.10.

NIKE (NYSE:NKEGet Rating) last issued its quarterly earnings results on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. NIKE had a return on equity of 36.83% and a net margin of 11.47%. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. On average, research analysts forecast that NIKE will post 3.14 EPS for the current year.

Insider Transactions at NIKE

In other news, EVP Monique S. Matheson sold 5,000 shares of the business’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the sale, the executive vice president now owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Monique S. Matheson sold 5,000 shares of the business’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $124.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at $7,466,412. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter B. Henry bought 557 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were bought at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the completion of the transaction, the director now directly owns 4,062 shares of the company’s stock, valued at $509,577.90. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On NIKE

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BCK Partners Inc. acquired a new position in NIKE during the first quarter valued at $2,839,000. Loomis Sayles & Co. L P raised its position in NIKE by 138.2% during the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after buying an additional 6,518 shares during the period. Merit Financial Group LLC raised its position in NIKE by 13.3% during the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after buying an additional 186 shares during the period. Bridgewater Associates LP acquired a new position in NIKE during the first quarter valued at $278,000. Finally, Federated Hermes Inc. raised its position in NIKE by 9.8% during the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after buying an additional 38,903 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

NIKE Company Profile

(Get Rating)

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.

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