NIKE (NYSE:NKE) Trading Up 0.1%

NIKE, Inc. (NYSE:NKE)’s share price traded up 0.1% during mid-day trading on Monday . The company traded as high as $94.89 and last traded at $94.22. 1,111,299 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 9,325,862 shares. The stock had previously closed at $94.12.

Analyst Ratings Changes

NKE has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. TheStreet cut NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Barclays decreased their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Citigroup dropped their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Truist Financial reissued a “hold” rating and set a $111.00 price target on shares of NIKE in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Trading Down 1.9 %

The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $139.25 billion, a PE ratio of 27.14, a PEG ratio of 1.81 and a beta of 1.08. The business’s 50-day moving average is $96.55 and its two-hundred day moving average is $103.28.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is currently 43.53%.

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently modified their holdings of NKE. Excalibur Management Corp increased its stake in NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after purchasing an additional 98 shares during the period. Jeppson Wealth Management LLC raised its stake in NIKE by 4.5% during the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock valued at $221,000 after acquiring an additional 100 shares during the last quarter. Cairn Investment Group Inc. raised its stake in NIKE by 4.2% during the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock valued at $239,000 after acquiring an additional 100 shares during the last quarter. Tiemann Investment Advisors LLC lifted its position in NIKE by 3.1% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock worth $319,000 after acquiring an additional 100 shares during the period. Finally, Piscataqua Savings Bank grew its stake in shares of NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after purchasing an additional 100 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

About NIKE

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.