A number of other research firms also recently commented on NKE. Stifel Nicolaus set a $66.00 target price on Nike and gave the company a buy rating in a research report on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 target price on Nike and gave the company a hold rating in a research report on Saturday, July 22nd. Guggenheim restated a buy rating and set a $70.00 price target on shares of Nike in a report on Monday, July 24th. Cowen and Company set a $54.00 price target on Nike and gave the company a hold rating in a report on Friday, August 4th. Finally, Barclays PLC restated an overweight rating and set a $65.00 price target on shares of Nike in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $58.93.
Shares of Nike (NKE) traded up $0.34 during trading hours on Tuesday, hitting $56.05. The company had a trading volume of 5,895,477 shares, compared to its average volume of 12,010,000. The company has a market cap of $91,430.00, a P/E ratio of 23.71, a PEG ratio of 2.60 and a beta of 0.60. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. Nike has a 52 week low of $49.75 and a 52 week high of $60.53.
Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was up .1% on a year-over-year basis. research analysts predict that Nike will post 2.29 EPS for the current year.
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In other news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the transaction, the director now directly owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. V Wealth Management LLC purchased a new position in Nike in the 2nd quarter valued at approximately $100,000. Asset Planning Services Ltd. increased its stake in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares in the last quarter. Atlantic Trust LLC purchased a new position in Nike in the 2nd quarter valued at approximately $136,000. Howe & Rusling Inc. increased its stake in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Rational Advisors LLC increased its stake in Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares in the last quarter. 62.57% of the stock is owned by hedge funds and other institutional investors.
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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