Several analysts have recently updated their ratings and price targets for Nike (NYSE: NKE):

  • 12/14/2017 – Nike was given a new $76.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 12/14/2017 – Nike was given a new $59.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 12/14/2017 – Nike was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $64.46 price target on the stock, up previously from $50.35.
  • 12/14/2017 – Nike had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $57.00 price target on the stock, up previously from $52.00.
  • 12/14/2017 – Nike was given a new $68.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 12/14/2017 – Nike was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $59.88 price target on the stock.
  • 12/13/2017 – Nike had its “hold” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $57.00 price target on the stock.
  • 12/11/2017 – Nike was upgraded by analysts at OTR Global to a “positive” rating.
  • 11/28/2017 – Nike was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $62.00 price target on the stock, up previously from $58.95.
  • 11/17/2017 – Nike had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $65.00 price target on the stock.
  • 11/17/2017 – Nike was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $58.81 price target on the stock.
  • 11/1/2017 – Nike had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 11/1/2017 – Nike had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $50.00 price target on the stock.
  • 10/30/2017 – Nike was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $58.95 price target on the stock.
  • 10/29/2017 – Nike was upgraded by analysts at Forward View from a “sell” rating to a “hold” rating.
  • 10/27/2017 – Nike had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $53.00 price target on the stock. They wrote, “We attended Nike’s Analyst Day in Beaverton, OR on October 25, 2017 where Nike showcased several new products/innovations and elaborated on their Consumer Direct Offense and Triple Double strategies and introduced its new membership program NikePlus. Management expects these initiatives to drive +HSD topline and +MT EPS growth over the next 5 years, reaching $50B in sales in 5 years (pushed out 1 year from LY). We were impressed with Nike’s new NikePlus program, focus on digital, how it is transforming its supply chain and getting product to consumers, and some of the new innovation/product. However, we believe the NA athletic environment will remain difficult for the next 1-2 years which will be a headwind for NKE near term, and would look to get more constructive on NKE at a lower valuation or evidence that NKE can overcome these headwinds near term. We also believe NKE’s scale, superior supply chain, innovation pipeline, digital/DTC focus, and sponsorship roster will make it difficult for smaller athletic players (i.e.””
  • 10/26/2017 – Nike was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $57.75 price target on the stock.
  • 10/26/2017 – Nike was given a new $56.00 price target on by analysts at Wells Fargo & Company. They now have a “neutral” rating on the stock.
  • 10/26/2017 – Nike was given a new $54.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 10/26/2017 – Nike was given a new $54.00 price target on by analysts at J P Morgan Chase & Co. They now have a “neutral” rating on the stock.
  • 10/26/2017 – Nike had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 10/26/2017 – Nike was given a new $61.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 10/24/2017 – Nike was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NIKE has lagged the sector in the past three months due to lackluster sales in its key North American market. Notably, sales in the region dipped 3% in first-quarter fiscal 2018, wherein the gross margin was hurt by currency woes and a higher mix of off-price sales. The company anticipates near-term results to be hurt by the tough retail environment, which led to a bleak second quarter view. Estimates have been falling lately ahead of the second quarter earnings. However, the company’s last reported quarter gained from strength in international business and the global NIKE Direct business. Also, NIKE has been focused on its Consumer Direct Offense plan. Driven by its Triple Double strategy, this restructuring plan focuses on using digital methods for rapid innovation and product development, along with strengthening consumer relations by operating through core regions. It also has a positive record of earnings surprises in recent quarters.”
  • 10/23/2017 – Nike was given a new $56.00 price target on by analysts at Pivotal Research. They now have a “hold” rating on the stock.
  • 10/20/2017 – Nike was given a new $48.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 10/19/2017 – Nike was given a new $50.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 10/19/2017 – Nike was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $54.00 price target on the stock, up previously from $52.30.
  • 10/17/2017 – Nike was given a new $64.00 price target on by analysts at Buckingham Research. They now have a “buy” rating on the stock.
  • 10/16/2017 – Nike had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $65.00 price target on the stock.

Shares of Nike Inc (NYSE:NKE) opened at $64.53 on Friday. Nike Inc has a 52 week low of $50.35 and a 52 week high of $64.85. The firm has a market cap of $105,440.00, a P/E ratio of 26.46, a P/E/G ratio of 2.91 and a beta of 0.64. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29.

Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the firm posted $0.73 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. analysts predict that Nike Inc will post 2.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. Nike’s dividend payout ratio is currently 34.19%.

In related news, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on 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 transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction on 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 directly owns 23,248 shares in the company, valued at $1,441,376. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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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