Nike (NYSE:NKE)‘s stock had its “neutral” rating restated by equities research analysts at B. Riley in a research report issued on Monday, Marketbeat.com reports. They currently have a $68.00 price objective on the footwear maker’s stock, up from their prior price objective of $63.00. B. Riley’s price target suggests a potential upside of 5.56% from the company’s current price.

Several other equities analysts have also recently commented on NKE. HSBC cut shares of Nike from a “buy” rating to a “hold” rating and raised their price target for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. OTR Global raised shares of Nike to a “positive” rating in a research report on Monday, December 11th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $57.00 price objective on shares of Nike in a research report on Wednesday, December 13th. Vetr cut shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 price objective for the company. in a research report on Thursday, December 14th. Finally, DA Davidson set a $68.00 price objective on shares of Nike and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three equities research 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 stock. Nike currently has a consensus rating of “Hold” and a consensus target price of $67.21.

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Nike stock opened at $64.42 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. Nike has a 1 year low of $50.35 and a 1 year high of $70.25. The company has a market cap of $107,947.40, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68.

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

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total value of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $114,641,520. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric D. Sprunk sold 226,040 shares of Nike stock in a transaction on 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 insider now owns 165,591 shares in the company, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 912,802 shares of company stock worth $58,993,107. 3.90% of the stock is currently owned by company insiders.

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

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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)

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