6 days Ago By ABMN Staff
NIKE ( NYSE:NKE – Free Report ) had its price target trimmed by Citigroup from $72.00 to $57.00 in a report released on Monday, Benzinga reports.
The firm currently has a neutral rating on the footwear maker’s stock. Other equities analysts have also issued research reports about the company. Cfra Research raised NIKE to a “moderate buy” rating in a report on Friday, March 21st.
Williams Trading dropped their target price on NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 21st.
Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They issued a “hold” rating and a $58.00 target price on the stock.
Robert W. Baird dropped their target price on NIKE from $105.00 to $99.
00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Bank of America dropped their target price on NIKE from $90.00 to $80.
00 and set a “buy” rating on the stock in a report on Friday. Sixteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.
26. Check Out Our Latest Stock Report on NIKE NIKE Stock Performance NIKE ( NYSE:NKE – Get Free Report ) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.
54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26.
NIKE had a net margin of 9.98% and a return on equity of 36.99%.
The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion.
During the same quarter in the prior year, the firm posted $0.98 earnings per share. NIKE’s revenue for the quarter was down 9.
1% on a year-over-year basis. As a group, analysts expect that NIKE will post 2.05 earnings per share for the current year.
NIKE Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.40 dividend.
The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.
79%. NIKE’s payout ratio is currently 53.16%.
Insider Activity at NIKE In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.
83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.
56. This represents a 15.92 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, Director Robert Holmes Swan purchased 8,600 shares of the company’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $58.
46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.
18. The trade was a 36.78 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On NIKE A number of institutional investors and hedge funds have recently bought and sold shares of NKE. Tidal Investments LLC raised its stake in shares of NIKE by 65.4% during the third quarter.
Tidal Investments LLC now owns 105,571 shares of the footwear maker’s stock valued at $9,332,000 after purchasing an additional 41,752 shares during the period. Denver PWM LLC boosted its holdings in NIKE by 9.7% in the third quarter.
Denver PWM LLC now owns 2,574 shares of the footwear maker’s stock worth $228,000 after purchasing an additional 227 shares during the period. Confluence Investment Management LLC boosted its holdings in NIKE by 6.3% in the fourth quarter.
Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock worth $18,621,000 after purchasing an additional 14,592 shares during the period. Cacti Asset Management LLC acquired a new position in NIKE in the fourth quarter worth $9,987,000. Finally, GAMMA Investing LLC boosted its holdings in shares of NIKE by 1.
0% during the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock valued at $1,136,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 64.
25% of the company’s stock. NIKE Company Profile ( Get Free Report ) NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
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