Bank of America set a $42.00 price target on Nike (NYSE:NKE) in a report issued on Friday. The firm currently has a sell rating on the footwear maker’s stock.

NKE has been the topic of several other research reports. Goldman Sachs Group set a $59.00 target price on Nike and gave the company a neutral rating in a research report on Thursday, December 14th. HSBC downgraded Nike from a buy rating to a hold rating and raised their target price for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Zacks Investment Research upgraded Nike from a sell rating to a hold rating in a research report on Tuesday, October 24th. B. Riley raised their target price on Nike from $53.00 to $61.00 and gave the company a neutral rating in a research report on Friday. Finally, Citigroup restated a buy rating and issued a $65.00 target price (down previously from $67.00) on shares of Nike in a research report on Wednesday, September 27th. Four equities 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 stock. The company has an average rating of Hold and a consensus target price of $63.44.

Nike (NKE) opened at $63.29 on Friday. The stock has a market capitalization of $103,260.00, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 3.04 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 has a 1 year low of $50.35 and a 1 year high of $65.18.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. Nike had a return on equity of 31.24% and a net margin of 11.13%. Nike’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. equities analysts forecast that Nike will post 2.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.26%. Nike’s dividend payout ratio (DPR) is 34.63%.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,511,120. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the sale, 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. In the last three months, insiders have sold 290,094 shares of company stock valued at $17,480,160. 3.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of NKE. BB&T Securities LLC grew its stake in shares of Nike by 59.3% in the first quarter. BB&T Securities LLC now owns 77,831 shares of the footwear maker’s stock valued at $4,337,000 after buying an additional 28,988 shares in the last quarter. Polen Capital Management LLC grew its stake in shares of Nike by 9.0% in the first quarter. Polen Capital Management LLC now owns 11,350,849 shares of the footwear maker’s stock valued at $632,583,000 after buying an additional 940,716 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of Nike in the first quarter valued at $586,000. Credit Agricole S A grew its stake in shares of Nike by 1.5% in the first quarter. Credit Agricole S A now owns 1,130,809 shares of the footwear maker’s stock valued at $63,020,000 after buying an additional 16,880 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Nike by 6.4% in the first quarter. Van ECK Associates Corp now owns 23,961 shares of the footwear maker’s stock valued at $1,335,000 after buying an additional 1,438 shares in the last quarter. 62.56% of the stock is owned by institutional investors.

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About Nike

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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