Nike (NYSE:NKE)‘s stock had its “buy” rating reiterated by analysts at Citigroup in a research note issued on Tuesday. They currently have a $74.00 target price on the footwear maker’s stock. Citigroup’s target price would indicate a potential upside of 14.18% from the stock’s current price.

Several other equities analysts have also recently commented on NKE. Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $59.74 price target for the company in a research report on Monday, August 21st. Jefferies Group lowered shares of Nike from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $60.00 in a report on Monday, August 21st. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective (down from $63.00) on shares of Nike in a report on Monday, August 21st. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of Nike in a report on Thursday, August 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Nike in a report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have issued a buy rating to the company’s stock. Nike has an average rating of “Hold” and a consensus price target of $61.64.

Shares of Nike (NYSE NKE) traded up $0.02 during mid-day trading on Tuesday, reaching $64.81. 12,651,900 shares of the company’s stock traded hands, compared to its average volume of 9,617,603. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. Nike has a 52 week low of $50.35 and a 52 week high of $65.08. The stock has a market cap of $105,689.83, a PE ratio of 27.57, a PEG ratio of 3.03 and a beta of 0.64.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same quarter last year, the company posted $0.73 EPS. The firm’s revenue was up .1% compared to the same quarter last year. sell-side analysts predict that Nike will post 2.28 earnings per share for the current fiscal year.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. AustralianSuper Pty Ltd grew its position in Nike by 16.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,955,000 shares of the footwear maker’s stock worth $101,367,000 after purchasing an additional 278,600 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Nike by 1.5% in the third quarter. Parametric Portfolio Associates LLC now owns 4,352,267 shares of the footwear maker’s stock valued at $225,665,000 after acquiring an additional 64,059 shares in the last quarter. Shelton Capital Management boosted its holdings in shares of Nike by 3.3% in the third quarter. Shelton Capital Management now owns 31,977 shares of the footwear maker’s stock valued at $1,658,000 after acquiring an additional 1,009 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Nike by 51.5% in the third quarter. Chicago Partners Investment Group LLC now owns 9,220 shares of the footwear maker’s stock valued at $478,000 after acquiring an additional 3,134 shares in the last quarter. Finally, Institutional & Family Asset Management LLC boosted its holdings in shares of Nike by 12.0% in the third quarter. Institutional & Family Asset Management LLC now owns 14,984 shares of the footwear maker’s stock valued at $777,000 after acquiring an additional 1,606 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

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Nike Company Profile

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.

Analyst Recommendations for Nike (NYSE:NKE)

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