NIKE (NYSE:NKE) Shares Up 0.1%

NIKE, Inc. (NYSE:NKE)’s stock price shot up 0.1% during trading on Monday . The company traded as high as $94.89 and last traded at $94.22. 1,111,299 shares were traded during trading, a decline of 88% from the average session volume of 9,325,862 shares. The stock had previously closed at $94.12.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. The Goldman Sachs Group lowered their price target on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Sanford C. Bernstein decreased their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Robert W. Baird cut their target price on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Finally, Citigroup lowered their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Trading Down 1.9 %

The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $139.25 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.81 and a beta of 1.08. The firm has a 50-day moving average price of $96.55 and a 200-day moving average price of $103.28.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. As a group, sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.60%. NIKE’s dividend payout ratio (DPR) is 43.53%.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of NIKE in the fourth quarter worth about $1,315,097,000. Price T Rowe Associates Inc. MD grew its holdings in shares of NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after buying an additional 7,996,434 shares in the last quarter. Capital International Investors raised its position in NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after buying an additional 7,143,775 shares during the period. Newport Trust Company LLC purchased a new stake in NIKE in the 3rd quarter worth about $679,775,000. Finally, Flossbach Von Storch AG grew its stake in NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after acquiring an additional 3,354,677 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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.