Jefferies Group LLC restated their buy rating on shares of Nike Inc (NYSE:NKE) in a research report sent to investors on Monday morning, StockTargetPrices.com reports. They currently have a $75.00 price objective on the footwear maker’s stock.

A number of other research firms have also recently commented on NKE. CLSA initiated coverage on shares of Nike in a research note on Thursday, January 19th. They issued an underperform rating and a $55.00 target price for the company. Atlantic Securities initiated coverage on shares of Nike in a research note on Thursday, January 19th. They issued an overweight rating and a $65.00 target price for the company. Forward View initiated coverage on shares of Nike in a research note on Friday, January 27th. They issued a hold rating and a $55.00 target price for the company. Vetr lowered shares of Nike from a strong-buy rating to a buy rating and set a $61.71 price target for the company. in a research report on Thursday, February 9th. Finally, Deutsche Bank AG raised their price target on shares of Nike from $65.00 to $66.00 and gave the stock a buy rating in a research report on Wednesday, March 8th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $60.93.

Shares of Nike (NYSE:NKE) traded up 0.145% on Monday, reaching $51.755. 12,680,351 shares of the company’s stock traded hands. Nike has a 12-month low of $49.01 and a 12-month high of $60.33. The stock has a 50-day moving average price of $54.89 and a 200-day moving average price of $53.84. The company has a market cap of $85.44 billion, a PE ratio of 21.592 and a beta of 0.44.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.15. Nike had a net margin of 11.60% and a return on equity of 31.70%. The business had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Nike will post $2.40 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, June 1st. Nike’s payout ratio is currently 31.72%.

In other Nike news, Director John R. Thompson, Jr. sold 14,000 shares of the firm’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $56.45, for a total value of $790,300.00. Following the sale, the director now directly owns 55,660 shares of the company’s stock, valued at approximately $3,142,007. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $55.50, for a total value of $5,550,000.00. Following the completion of the sale, the chairman now directly owns 1,966,235 shares in the company, valued at $109,126,042.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 379,000 shares of company stock worth $21,213,800. Corporate insiders own 3.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. North Star Asset Management Inc. raised its stake in shares of Nike by 7.8% in the first quarter. North Star Asset Management Inc. now owns 56,732 shares of the footwear maker’s stock worth $3,162,000 after buying an additional 4,129 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Nike by 49.8% in the first quarter. Bank of Nova Scotia now owns 821,147 shares of the footwear maker’s stock worth $45,764,000 after buying an additional 273,105 shares during the last quarter. Garde Capital Inc. raised its stake in shares of Nike by 3.1% in the first quarter. Garde Capital Inc. now owns 10,132 shares of the footwear maker’s stock worth $565,000 after buying an additional 300 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Nike by 137.7% in the first quarter. Brighton Jones LLC now owns 27,625 shares of the footwear maker’s stock worth $1,540,000 after buying an additional 16,001 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Nike during the first quarter worth about $591,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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