The Nike Inc (NKE) Lowered to Hold at Vetr Inc.

The Nike Inc (NKE) Lowered to Hold at Vetr Inc.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Nike from a “hold” rating to a “sell” rating in a research report on Friday. Piper Jaffray Companies set a $50.00 price objective on shares of Nike and gave the stock a “hold” rating in a research report on Thursday. Canaccord Genuity set a $51.00 price objective on shares of Nike and gave the stock a “hold” rating in a research report on Friday, May 26th. Berenberg Bank began coverage on shares of Nike in a research report on Tuesday, May 16th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Instinet reiterated a “buy” rating on shares of Nike in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-two have assigned a buy rating to the company. Nike presently has a consensus rating of “Hold” and a consensus target price of $60.78.

Nike Inc (NYSE:NKE) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $54.16 price target on the footwear maker’s stock. Vetr‘s price objective would indicate a potential upside of 2.23% from the company’s previous close.

Nike (NYSE NKE) opened at 52.98 on Monday. Nike has a 52-week low of $49.01 and a 52-week high of $60.33. The company’s 50 day moving average price is $54.01 and its 200 day moving average price is $54.01. The firm has a market cap of $87.46 billion, a PE ratio of 22.10 and a beta of 0.44.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $8.47 billion. Nike had a net margin of 11.60% and a return on equity of 31.70%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Analysts predict that Nike will post $2.40 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.36%. Nike’s dividend payout ratio is presently 31.72%.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $8.47 billion. Nike had a net margin of 11.60% and a return on equity of 31.70%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Analysts predict that Nike will post $2.40 earnings per share for the current fiscal year. In related news, Chairman Mark G. Parker sold 100,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $55.50, for a total value of $5,550,000.00. Following the sale, the chairman now owns 1,966,235 shares in the company, valued at approximately $109,126,042.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Thompson, Jr. sold 14,000 shares of the company’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $56.45, for a total transaction of $790,300.00. Following the completion of the sale, the director now owns 55,660 shares in the company, valued at approximately $3,142,007. The disclosure for this sale can be found here. Insiders sold a total of 379,000 shares of company stock worth $21,213,800 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Accredited Investors Inc. raised its stake in Nike by 0.5% in the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after buying an additional 19 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in Nike by 0.5% in the third quarter. Altfest L J & Co. Inc. now owns 3,964 shares of the footwear maker’s stock worth $209,000 after buying an additional 20 shares in the last quarter. Montecito Bank & Trust raised its stake in Nike by 0.3% in the first quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker’s stock worth $402,000 after buying an additional 24 shares in the last quarter. Intrust Bank NA raised its stake in Nike by 0.9% in the first quarter. Intrust Bank NA now owns 5,082 shares of the footwear maker’s stock worth $283,000 after buying an additional 46 shares in the last quarter. Finally, Welch & Forbes LLC raised its stake in Nike by 0.5% in the first quarter. Welch & Forbes LLC now owns 9,998 shares of the footwear maker’s stock worth $557,000 after buying an additional 48 shares in the last quarter. Institutional investors own 62.23% of the company’s stock. Nike Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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