NIKE (NYSE:NKE) Given “Neutral” Rating at UBS Group

UBS Group reissued their neutral rating on shares of NIKE (NYSE:NKE) in a research report report published on Friday, MarketBeat reports. The brokerage currently has a $78.00 price objective on the footwear maker’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of NIKE from $122.00 to $116.00 and set an overweight rating for the company in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a $115.00 target price on shares of NIKE in a research note on Thursday, June 13th. Williams Trading reiterated a sell rating and issued a $85.00 price target (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Oppenheimer restated an outperform rating and set a $120.00 price objective on shares of NIKE in a research report on Friday. Finally, Robert W. Baird decreased their target price on NIKE from $125.00 to $100.00 and set an outperform rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NIKE has a consensus rating of Hold and a consensus target price of $98.96.

NIKE Stock Up 1.9 %

NYSE NKE opened at $76.83 on Friday. NIKE has a 52 week low of $74.29 and a 52 week high of $123.39. The company has a market capitalization of $115.96 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The stock’s 50-day moving average price is $93.28 and its 200-day moving average price is $98.85. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same quarter in the prior year, the business posted $0.66 EPS. NIKE’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that NIKE will post 3.9 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan purchased 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the acquisition, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Robert Holmes Swan acquired 2,941 shares of the stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,660 shares of company stock worth $19,946,333. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NIKE

Hedge funds have recently made changes to their positions in the company. Annapolis Financial Services LLC raised its holdings in shares of NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 220 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. bought a new stake in shares of NIKE in the 4th quarter valued at about $29,000. True Wealth Design LLC lifted its position in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new position in shares of NIKE during the fourth quarter valued at approximately $33,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services 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.