Nike (NYSE:NKE) has been assigned a $58.00 target price by investment analysts at Piper Jaffray Companies in a research report issued on Friday. The brokerage presently has a “hold” rating on the footwear maker’s stock. Piper Jaffray Companies’ price objective would suggest a potential downside of 10.12% from the stock’s current price.

NKE has been the subject of a number of other reports. Goldman Sachs Group set a $59.00 price objective on shares of Nike and gave the company a “neutral” rating in a research report on Thursday. HSBC cut shares of Nike from a “buy” rating to a “hold” rating and boosted their price objective for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Citigroup reissued a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of Nike in a research report on Wednesday, September 27th. Finally, Deutsche Bank set a $76.00 price objective on shares of Nike and gave the company a “buy” rating in a research report on Thursday. Four research 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 presently has a consensus rating of “Hold” and an average target price of $60.46.

Shares of Nike (NYSE NKE) opened at $64.53 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The stock has a market cap of $104,906.55, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.64. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $64.85.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business 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 EPS. The business’s revenue was up .1% on a year-over-year basis. equities research analysts predict that Nike will post 2.28 earnings per share for the current year.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiduciary Trust Co. lifted its stake in Nike by 4.9% in the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after acquiring an additional 10,840 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Nike by 651.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after acquiring an additional 23,450 shares during the last quarter. Royal Bank of Scotland Group PLC lifted its stake in Nike by 6.2% in the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after acquiring an additional 12,201 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Nike by 4.3% in the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after acquiring an additional 4,030 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in Nike by 20.0% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 103,689 shares of the footwear maker’s stock worth $6,118,000 after acquiring an additional 17,285 shares during the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

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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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