NIKE (NYSE:NKE) Stock Price Up 0.2%

Shares of NIKE, Inc. (NYSE:NKE) traded up 0.2% during trading on Friday . The stock traded as high as $96.22 and last traded at $95.90. 2,238,590 shares traded hands during trading, a decline of 76% from the average session volume of 9,488,771 shares. The stock had previously closed at $95.74.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on NIKE from $139.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd. Barclays cut their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. TD Cowen reaffirmed a “market perform” rating and issued a $104.00 price objective (down previously from $129.00) on shares of NIKE in a report on Friday, December 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price target on shares of NIKE in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Down 0.4 %

The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $143.90 billion, a PE ratio of 28.12, a PEG ratio of 1.83 and a beta of 1.08. The company’s 50 day moving average is $98.31 and its two-hundred day moving average is $103.37.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. On average, analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NKE. Impact Partnership Wealth LLC grew its position in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 181 shares in the last quarter. Annapolis Financial Services LLC boosted its holdings in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the period. Iron Horse Wealth Management LLC increased its position in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. purchased a new stake in NIKE during the 4th quarter valued at $29,000. Finally, Financial Freedom LLC purchased a new stake in NIKE during the 4th quarter valued at $29,000. 64.25% of the stock is currently owned by institutional investors.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.