Nike (NYSE:NKE)‘s stock had its “neutral” rating restated by Jefferies Financial Group in a note issued to investors on Tuesday. They currently have a $80.00 target price on the footwear maker’s stock. Jefferies Financial Group’s price target indicates a potential upside of 5.55% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Macquarie set a $87.00 price target on Nike and gave the company a “buy” rating in a research report on Thursday, September 6th. HSBC set a $92.00 price target on Nike and gave the company a “buy” rating in a research report on Thursday, September 6th. Robert W. Baird reiterated a “buy” rating and set a $90.00 price target on shares of Nike in a research report on Monday, September 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $90.00 price target on shares of Nike in a research report on Thursday, August 23rd. Finally, Morgan Stanley reiterated a “buy” rating and set a $88.00 price target on shares of Nike in a research report on Friday, August 10th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.85.

Shares of NKE stock opened at $75.79 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.31 and a quick ratio of 1.53. The company has a market cap of $119.30 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.44 and a beta of 0.76. Nike has a twelve month low of $59.65 and a twelve month high of $86.04.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Nike had a return on equity of 40.69% and a net margin of 5.57%. Nike’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. As a group, equities analysts predict that Nike will post 2.63 earnings per share for the current year.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $85.05, for a total value of $1,360,800.00. Following the sale, the director now directly owns 26,963 shares of the company’s stock, valued at $2,293,203.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 17,000 shares of Nike stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $83.15, for a total value of $1,413,550.00. Following the completion of the sale, the executive vice president now directly owns 104,737 shares in the company, valued at $8,708,881.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,000 shares of company stock worth $4,219,350. 3.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Nike by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,609,608 shares of the footwear maker’s stock worth $128,253,000 after acquiring an additional 6,256 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Nike by 7.6% in the second quarter. Riverhead Capital Management LLC now owns 21,710 shares of the footwear maker’s stock worth $1,730,000 after acquiring an additional 1,525 shares during the last quarter. Sustainable Insight Capital Management LLC boosted its stake in Nike by 30.3% during the third quarter. Sustainable Insight Capital Management LLC now owns 4,564 shares of the footwear maker’s stock worth $387,000 after buying an additional 1,061 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Nike by 49.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 531,637 shares of the footwear maker’s stock worth $42,361,000 after buying an additional 175,587 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Nike by 362.6% during the second quarter. Envestnet Asset Management Inc. now owns 684,436 shares of the footwear maker’s stock worth $54,536,000 after buying an additional 536,468 shares during the last quarter. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

Nike Company Profile

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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Analyst Recommendations for Nike (NYSE:NKE)

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