Nike (NYSE:NKE) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other research analysts have also recently commented on NKE. B. Riley reiterated a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. DA Davidson set a $68.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $57.00 target price (up from $52.00) on shares of Nike in a report on Thursday. Susquehanna Bancshares reiterated a “hold” rating and issued a $57.00 target price on shares of Nike in a report on Wednesday. Finally, Vetr cut shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 target price for the company. in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $59.37.

Nike (NKE) opened at $64.30 on Thursday. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $64.46. The company has a market cap of $101,459.15, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.91 and a beta of 0.64. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the 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 period last year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. sell-side analysts predict that Nike will post 2.28 EPS for the current year.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred 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 completion of the sale, the chairman now 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. 3.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Planning Services Ltd. raised its position in shares of Nike by 0.3% in the second 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 during the period. Willingdon Wealth Management bought a new position in shares of Nike in the third quarter valued at approximately $114,000. Atlantic Trust LLC bought a new position in shares of Nike in the second quarter valued at approximately $136,000. Kistler Tiffany Companies LLC raised its position in shares of Nike by 91.7% in the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares during the period. Finally, Howe & Rusling Inc. raised its position in shares of Nike by 751.3% in the third 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 during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

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About Nike

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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