Nike, Inc. (NYSE:NKE) has been assigned a $66.00 target price by investment analysts at Stifel Nicolaus in a report issued on Saturday. The firm currently has a “buy” rating on the footwear maker’s stock. Stifel Nicolaus’ target price suggests a potential upside of 10.09% from the stock’s current price.

NKE has been the topic of a number of other research reports. Cowen and Company lifted their target price on Nike from $53.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday, June 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $65.00 target price on shares of Nike in a research report on Friday, June 30th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $58.00 target price on shares of Nike in a research report on Friday, June 30th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $42.00 target price on shares of Nike in a research report on Friday, June 30th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $64.00 target price (up previously from $61.00) on shares of Nike in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.04.

Nike (NYSE NKE) traded up 1.44% during mid-day trading on Friday, hitting $59.95. The stock had a trading volume of 11,048,297 shares. The stock’s 50-day moving average is $55.02 and its 200 day moving average is $54.92. The company has a market capitalization of $98.51 billion, a P/E ratio of 23.88 and a beta of 0.60. Nike has a 52 week low of $49.01 and a 52 week high of $60.33.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. Nike had a return on equity of 34.18% and a net margin of 12.34%. The firm had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts forecast that Nike will post $2.43 earnings per share for the current fiscal year.

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In related news, CAO Hilary K. Krane sold 28,072 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $58.10, for a total value of $1,630,983.20. Following the sale, the chief accounting officer now owns 177,723 shares of the company’s stock, valued at $10,325,706.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the completion of the sale, the insider now directly owns 300,108 shares in the company, valued at approximately $17,706,372. The disclosure for this sale can be found here. In the last three months, insiders sold 374,315 shares of company stock worth $21,562,036. 3.90% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Personal Capital Advisors Corp boosted its stake in shares of Nike by 15.5% in the first quarter. Personal Capital Advisors Corp now owns 83,943 shares of the footwear maker’s stock valued at $4,758,000 after buying an additional 11,288 shares in the last quarter. Stillwater Investment Management LLC boosted its stake in shares of Nike by 4.6% in the first quarter. Stillwater Investment Management LLC now owns 37,813 shares of the footwear maker’s stock valued at $2,107,000 after buying an additional 1,677 shares in the last quarter. Adviser Investments LLC acquired a new stake in shares of Nike during the first quarter valued at $2,645,000. Lederer & Associates Investment Counsel CA boosted its stake in shares of Nike by 1.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 6,330 shares of the footwear maker’s stock valued at $353,000 after buying an additional 90 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of Nike by 11.7% in the first quarter. DnB Asset Management AS now owns 146,817 shares of the footwear maker’s stock valued at $8,182,000 after buying an additional 15,380 shares in the last quarter. 63.98% of the stock is currently owned by institutional investors.

About Nike

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.

Analyst Recommendations for Nike (NYSE:NKE)

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