NIKE (NYSE:NKE) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

NIKE (NYSE:NKE)‘s stock had its “buy” rating reissued by Deutsche Bank Aktiengesellschaft in a report issued on Thursday, MarketBeat.com reports. They presently have a $115.00 price objective on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 23.14% from the stock’s current price.

Several other analysts have also weighed in on the company. Evercore ISI cut their price objective on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 price objective (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Robert W. Baird cut their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Barclays cut their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.59.

NIKE Trading Down 0.8 %

Shares of NKE stock opened at $93.39 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE has a 1 year low of $88.66 and a 1 year high of $123.39. The stock has a fifty day moving average of $93.14 and a two-hundred day moving average of $100.58. The firm has a market capitalization of $140.96 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. As a group, research analysts expect that NIKE will post 3.75 EPS for the current year.

Insider Transactions at NIKE

In other news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now owns 730 shares of the company’s stock, valued at approximately $68,357.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,660 shares of company stock worth $19,946,333. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of NIKE

Hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System bought a new stake in NIKE during the 4th quarter valued at approximately $8,034,000. Financial Gravity Asset Management Inc. boosted its stake in NIKE by 2,332.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after purchasing an additional 176,476 shares during the period. Brown Advisory Inc. lifted its position in shares of NIKE by 4.3% in the 4th quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock worth $506,908,000 after acquiring an additional 192,752 shares during the period. International Assets Investment Management LLC lifted its position in shares of NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after acquiring an additional 384,357 shares during the period. Finally, Missouri Trust & Investment Co lifted its position in shares of NIKE by 11.3% in the 4th quarter. Missouri Trust & Investment Co now owns 11,492 shares of the footwear maker’s stock worth $1,248,000 after acquiring an additional 1,167 shares during the period. Institutional investors own 64.25% of the company’s stock.

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.