The price targets are usually acts as the boosters or blasters in the performance of stock. It has been assigned a low target price of $55 and a high target price of $100. 22 said a “Buy Rating” and 1 announced “Overweight Rating”. The firm lowered its rating on NKE from Buy to Neutral.
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NIKE, Inc. (NYSE:NKE) Textile – Apparel Footwear & Accessories has a Price Earning Ratio of 25.43, which in return shows a value of 19.89 on the Forward PE Ratio. The company had a trading volume of 3,008,657 shares.
The stock price demonstrated downbeat change from its 50 day moving average of 56.80 and had been down from its 200 Day Moving Average of 57.48. Nike has a 52 week low of $51.48 and a 52 week high of $68.19. 0 analysts have suggested “Sell” for the company. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and global copyright law.
Under Armour, Inc. (NYSE:UA) stock dropped -0.44% or -0.17 points. The Return on Equity (ROE) value stands at 29.6%.
Nike, Inc. had its “neutral” rating reiterated by analysts at Bank of America Merrill Lynch. The company’s revenue was up 6.0% on a year-over-year basis.
A current consensus EPS estimate for next quarter is at $0.52 and 3 month ago EPS forecast was $0.51.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be given a dividend of $0.16 per share. The dividend release date is 2016-10-03 while ex-dividend date is 2016-09-01. Nike’s dividend payout ratio is 29.63%. The shares were acquired at an average price of $55.09 per share, with a total value of $55,090.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Lechleiter bought 1,000 shares of the company’s stock in a transaction dated Friday, July 1st. Following the transaction, the EVP: GBL SPORTS MKTG is left with a stake of 178,181 shares, now valued at $9776791. The number of shares now owned by investors are 1.69 bln. The disclosure for this purchase can be found here.
Large investors have recently modified their holdings of the company. CapWealth Advisors LLC raised its position in Nike by 183.3% in the first quarter. The number of shares now owned by investors are 1.57 bln. Cribstone Capital Management LLC acquired a new stake in shares of Nike during the second quarter valued at approximately $106,000.
On 9/20/2016, shares of Nike, Inc.
Several executives took part in recent insider activity for the stock.
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06/30/2016 – Nike, Inc. had its “neutral” rating reiterated by analysts at Canaccord Genuity. 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. The current PEG for NIKE, Inc. The EPS failed to meet the analysts’ estimate of $0.48, demonstrating a miss of $0.01 as against reported figures.
