Deutsche Bank Aktiengesellschaft Lowers NIKE (NYSE:NKE) Price Target to $54.00

NIKE (NYSE:NKE) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $67.00 to $54.00 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 1.28% from the company’s current price.

Other equities analysts have also issued research reports about the company. Oppenheimer reissued an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Berenberg Bank reaffirmed a “neutral” rating and set a $70.00 price objective on shares of NIKE in a research report on Friday, December 19th. Bank of America cut their target price on NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Robert W. Baird decreased their target price on NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Finally, BNP Paribas Exane lowered their price target on NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.43.

NIKE Stock Up 1.8%

Shares of NIKE stock traded up $0.95 on Monday, reaching $53.32. 9,548,320 shares of the company were exchanged, compared to its average volume of 15,720,973. The stock’s 50 day moving average price is $61.43 and its 200-day moving average price is $64.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. NIKE has a 1-year low of $52.17 and a 1-year high of $80.17. The company has a market cap of $78.93 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 2.68 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities analysts forecast that NIKE will post 2.05 EPS for the current year.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill bought 16,388 shares of the stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the transaction, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. The trade was a 7.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Institutional Trading of NIKE

A number of large investors have recently bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new stake in NIKE in the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new position in shares of NIKE during the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of NIKE in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).