Nike (NYSE:NKE) had its target price boosted by research analysts at B. Riley from $63.00 to $68.00 in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the footwear maker’s stock. B. Riley’s price objective suggests a potential upside of 5.56% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank set a $76.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Argus upgraded shares of Nike from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.35 to $64.46 in a research note on Thursday, December 14th. DA Davidson set a $68.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus set a $74.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Guggenheim reiterated a “buy” rating and set a $70.00 price target on shares of Nike in a research note on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and an average target price of $66.61.

How to Become a New Pot Stock Millionaire

Nike (NKE) opened at $64.42 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. The company has a market cap of $107,947.40, a price-to-earnings ratio of 27.89, a P/E/G ratio of 3.00 and a beta of 0.68. Nike has a 52-week low of $50.35 and a 52-week high of $70.25.

Nike (NYSE:NKE) last posted its earnings results on Thursday, March 22nd. The footwear maker reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.85 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. research analysts predict that Nike will post 2.26 earnings per share for the current fiscal year.

In other Nike news, COO Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the transaction, the chief operating officer now directly owns 165,591 shares in the company, valued at approximately $10,448,792.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the transaction, the chairman now owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The disclosure for this sale can be found here. Insiders have sold a total of 912,802 shares of company stock valued at $58,993,107 over the last 90 days. 3.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of NKE. Amalgamated Bank grew its holdings in shares of Nike by 2.0% during the third quarter. Amalgamated Bank now owns 159,323 shares of the footwear maker’s stock worth $8,261,000 after buying an additional 3,189 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Nike by 3.9% during the third quarter. Stifel Financial Corp now owns 1,319,016 shares of the footwear maker’s stock worth $68,428,000 after buying an additional 49,251 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Nike by 23,747.5% during the second quarter. Sun Life Financial INC now owns 9,539 shares of the footwear maker’s stock worth $563,000 after buying an additional 9,499 shares in the last quarter. Sather Financial Group Inc purchased a new stake in shares of Nike during the second quarter worth about $9,275,000. Finally, Capital Bank & Trust Co grew its holdings in shares of Nike by 63.7% during the third quarter. Capital Bank & Trust Co now owns 653,742 shares of the footwear maker’s stock worth $33,897,000 after buying an additional 254,372 shares in the last quarter. Hedge funds and other institutional investors own 65.65% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/nike-nke-price-target-raised-to-68-00/1959484.html.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.

Analyst Recommendations for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.