Nike (NYSE:NKE)‘s stock had its “hold” rating reiterated by stock analysts at Susquehanna Bancshares in a note issued to investors on Wednesday. They currently have a $57.00 price target on the footwear maker’s stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 8.32% from the company’s current price.

NKE has been the subject of several other research reports. HSBC downgraded shares of Nike from a “buy” rating to a “hold” rating and upped their price objective for the stock from $58.95 to $62.00 in a report on Tuesday, November 28th. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Citigroup reaffirmed a “buy” rating and issued a $65.00 price objective (down previously from $67.00) on shares of Nike in a report on Wednesday, September 27th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.00 price objective (down previously from $63.00) on shares of Nike in a report on Monday, August 21st. Finally, Vetr downgraded shares of Nike from a “buy” rating to a “hold” rating and set a $57.75 price objective for the company. in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.27.

Nike (NYSE:NKE) traded up $0.26 during trading on Wednesday, hitting $62.17. 7,358,000 shares of the stock traded hands, compared to its average volume of 9,538,237. The company has a market capitalization of $101,007.22, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.90 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 has a fifty-two week low of $50.35 and a fifty-two week high of $62.53.

Nike (NYSE:NKE) last released its quarterly 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. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. research analysts expect that Nike will post 2.28 earnings per share for the current year.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated 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 directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the sale, the director now directly owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Willingdon Wealth Management acquired a new position in shares of Nike in the 3rd quarter valued at about $114,000. Asset Planning Services Ltd. increased its holdings in shares of Nike by 0.3% in the 2nd 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. Atlantic Trust LLC acquired a new position in shares of Nike in the 2nd quarter valued at about $136,000. Howe & Rusling Inc. increased its holdings in shares of Nike by 751.3% in the 3rd 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. Finally, Kistler Tiffany Companies LLC increased its holdings in shares of Nike by 91.7% in the 2nd 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. 62.78% of the stock is owned by institutional investors.

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Nike Company Profile

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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