Nike (NKE) PT Set at $74.00 by Stifel Nicolaus
Nike (NYSE:NKE) has been given a $74.00 price target by equities research analysts at Stifel Nicolaus in a research report issued on Friday. The brokerage presently has a “buy” rating on the footwear maker’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 14.22% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. Guggenheim restated a “buy” rating and set a $70.00 price objective on shares of Nike in a research note on Friday. Pivotal Research set a $60.00 price objective on Nike and gave the stock a “hold” rating in a research note on Friday. Piper Jaffray Companies set a $58.00 price objective on Nike and gave the stock a “hold” rating in a research note on Friday. Deutsche Bank set a $76.00 price objective on Nike and gave the stock a “buy” rating in a research note on Thursday. Finally, Goldman Sachs Group set a $59.00 price objective on Nike and gave the stock a “neutral” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $60.67.
Shares of Nike (NKE) opened at $64.79 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. The firm has a market capitalization of $106,130.00, a price-to-earnings ratio of 27.46, a P/E/G ratio of 3.02 and a beta of 0.64. Nike has a 12 month low of $50.35 and a 12 month high of $65.07.
In other news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Asset Planning Services Ltd. grew its holdings in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after acquiring an additional 7 shares during the period. Willingdon Wealth Management acquired a new stake in Nike during the third quarter worth about $114,000. Atlantic Trust LLC acquired a new stake in Nike during the second quarter worth about $136,000. Kistler Tiffany Companies LLC grew its holdings in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after acquiring an additional 1,209 shares during the period. Finally, Howe & Rusling Inc. grew its holdings in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after acquiring an additional 2,329 shares during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.
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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.
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