DZ Bank reissued their sell rating on shares of Nike (NYSE:NKE) in a research report released on Friday, Borsen Zeitung reports.
Other analysts have also issued reports about the company. Goldman Sachs Group reaffirmed a buy rating and set a $110.00 target price (up from $96.00) on shares of Nike in a research report on Friday. UBS Group lifted their price target on Nike from $114.00 to $122.00 and gave the stock a buy rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. reiterated a buy rating and issued a $118.00 price target on shares of Nike in a research note on Friday. Robert W. Baird lifted their price target on Nike from $85.00 to $95.00 and gave the stock a neutral rating in a research note on Thursday, June 18th. Finally, Barclays lifted their price target on Nike from $92.00 to $118.00 and gave the stock an overweight rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have issued a buy rating to the company. Nike presently has a consensus rating of Buy and an average target price of $108.96.
NYSE:NKE opened at $95.87 on Friday. Nike has a 12 month low of $60.00 and a 12 month high of $105.62. The firm has a market capitalization of $148.25 billion, a PE ratio of 60.68, a price-to-earnings-growth ratio of 3.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.90 and a quick ratio of 1.20. The business’s 50-day moving average is $96.23 and its two-hundred day moving average is $93.53.
Nike (NYSE:NKE) last announced its earnings results on Thursday, June 25th. The footwear maker reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.53). Nike had a return on equity of 31.93% and a net margin of 6.79%. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $7.26 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue was down 38.0% compared to the same quarter last year. Equities analysts anticipate that Nike will post 2.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.98 annualized dividend and a yield of 1.02%. Nike’s payout ratio is 52.97%.
In other Nike news, CAO Hilary K. Krane sold 11,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $90.00, for a total value of $990,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John W. Rogers, Jr. purchased 1,000 shares of the company’s stock in a transaction on Friday, April 3rd. The stock was bought at an average cost of $84.63 per share, for a total transaction of $84,630.00. Following the acquisition, the director now directly owns 12,851 shares of the company’s stock, valued at approximately $1,087,580.13. The disclosure for this purchase can be found here. In the last three months, insiders have sold 236,000 shares of company stock worth $23,228,100. 3.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. NovaPoint Capital LLC increased its holdings in shares of Nike by 2.1% in the first quarter. NovaPoint Capital LLC now owns 22,187 shares of the footwear maker’s stock valued at $1,836,000 after buying an additional 462 shares in the last quarter. Cunning Capital Partners LP bought a new position in shares of Nike in the first quarter valued at $972,000. New England Research & Management Inc. increased its holdings in shares of Nike by 7.0% in the first quarter. New England Research & Management Inc. now owns 15,985 shares of the footwear maker’s stock valued at $1,323,000 after buying an additional 1,050 shares in the last quarter. Telemus Capital LLC increased its holdings in shares of Nike by 3.8% in the first quarter. Telemus Capital LLC now owns 48,487 shares of the footwear maker’s stock valued at $4,780,000 after buying an additional 1,761 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Nike by 31.5% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 569,034 shares of the footwear maker’s stock worth $47,082,000 after purchasing an additional 136,455 shares in the last quarter. 64.54% of the stock is currently owned by institutional investors.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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