Nike (NKE) – Analysts’ Recent Ratings Changes

Nike (NYSE: NKE) recently received a number of ratings updates from brokerages and research firms:

  • 3/17/2017 – Nike had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $64.00 price target on the stock.
  • 3/17/2017 – Nike had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $64.00 price target on the stock.
  • 3/16/2017 – Nike had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $51.00 price target on the stock.
  • 3/14/2017 – Nike was given a new $67.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 3/13/2017 – Nike was given a new $56.00 price target on by analysts at Morgan Stanley. They now have a “neutral” rating on the stock.
  • 3/11/2017 – Nike had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $68.00 price target on the stock.
  • 3/8/2017 – Nike had its price target raised by analysts at Deutsche Bank AG from $65.00 to $66.00. They now have a “buy” rating on the stock.
  • 2/9/2017 – Nike was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $61.71 price target on the stock.
  • 1/27/2017 – Nike is now covered by analysts at Forward View. They set a “hold” rating and a $55.00 price target on the stock.
  • 1/19/2017 – Nike is now covered by analysts at CLSA. They set an “underperform” rating and a $55.00 price target on the stock.
  • 1/19/2017 – Nike is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $65.00 price target on the stock.

Nike Inc (NYSE:NKE) traded up 1.52% during midday trading on Monday, reaching $58.68. The company had a trading volume of 13,825,938 shares. The company’s 50-day moving average is $55.95 and its 200 day moving average is $53.43. The company has a market cap of $97.08 billion, a PE ratio of 25.87 and a beta of 0.44. Nike Inc has a 52-week low of $49.01 and a 52-week high of $65.44.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. Nike’s dividend payout ratio (DPR) is currently 31.72%.

In other Nike news, EVP John F. Slusher sold 136,000 shares of the stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $52.13, for a total value of $7,089,680.00. Following the completion of the sale, the executive vice president now directly owns 225,165 shares in the company, valued at $11,737,851.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David J. Ayre sold 200,000 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $52.39, for a total value of $10,478,000.00. Following the completion of the sale, the executive vice president now owns 357,713 shares of the company’s stock, valued at $18,740,584.07. The disclosure for this sale can be found here. Insiders sold 636,000 shares of company stock valued at $33,477,680 over the last 90 days. 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.

5 Day Chart for NYSE:NKE

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