Shares of Nike Inc. (NYSE:NKE) rose 2.9% on Friday . The company traded as high as $59.14 and last traded at $58.88, with a volume of 8,734,475 shares changing hands. The stock had previously closed at $57.21.

NKE has been the subject of a number of research reports. Brean Capital lowered their target price on Nike from $68.00 to $62.00 in a research note on Wednesday, June 29th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $62.64 price target on the stock. in a report on Tuesday, May 24th. Deutsche Bank AG reiterated a “buy” rating on shares of Nike in a report on Tuesday, May 31st. Credit Suisse Group AG reiterated a “buy” rating and issued a $68.00 price target on shares of Nike in a report on Thursday, June 16th. Finally, Jefferies Group reiterated a “buy” rating and issued a $67.00 price target (down previously from $74.00) on shares of Nike in a report on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Nike currently has an average rating of “Buy” and an average price target of $66.26.

The firm has a market capitalization of $98.81 billion and a P/E ratio of 27.27. The company has a 50-day moving average price of $56.52 and a 200-day moving average price of $57.88.

Nike (NYSE:NKE) last released its earnings results on Tuesday, June 28th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm earned $8.24 billion during the quarter, compared to analysts’ expectations of $8.28 billion. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Equities analysts expect that Nike Inc. will post $2.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, September 1st.

In other news, EVP John F. Slusher sold 72,696 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $57.75, for a total value of $4,198,194.00. Following the completion of the transaction, the executive vice president now directly owns 231,861 shares of the company’s stock, valued at $13,389,972.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hilary K. Krane sold 100,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the transaction, the executive vice president now directly owns 310,795 shares of the company’s stock, valued at $17,712,207.05. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Mandatum Life Insurance Co Ltd bought a new position in Nike during the fourth quarter worth approximately $1,375,000. Ashfield Capital Partners LLC raised its position in Nike by 97.6% in the fourth quarter. Ashfield Capital Partners LLC now owns 103,771 shares of the footwear maker’s stock worth $6,486,000 after buying an additional 51,250 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in Nike by 109.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 198,231 shares of the footwear maker’s stock worth $12,389,000 after buying an additional 103,634 shares during the last quarter. WCM Investment Management CA raised its position in Nike by 11.4% in the fourth quarter. WCM Investment Management CA now owns 200,774 shares of the footwear maker’s stock worth $12,548,000 after buying an additional 20,597 shares during the last quarter. Finally, L & S Advisors Inc raised its position in Nike by 104.0% in the fourth quarter. L & S Advisors Inc now owns 127,331 shares of the footwear maker’s stock worth $7,958,000 after buying an additional 64,911 shares during the last quarter.

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.

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