NIKE (NYSE:NKE) Price Target Cut to $92.00 by Analysts at Deutsche Bank Aktiengesellschaft

NIKE (NYSE:NKE) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $95.00 to $92.00 in a report issued on Wednesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the footwear maker’s stock.

Several other analysts also recently commented on the company. The Goldman Sachs Group dropped their price objective on NIKE from $118.00 to $105.00 and set a buy rating on the stock in a research note on Friday, June 28th. Robert W. Baird lifted their price objective on NIKE from $100.00 to $110.00 and gave the company an outperform rating in a report on Friday, September 20th. StockNews.com cut NIKE from a buy rating to a hold rating in a research note on Friday, June 21st. Morgan Stanley lifted their price target on shares of NIKE from $79.00 to $82.00 and gave the company an equal weight rating in a research note on Wednesday, September 25th. Finally, Evercore ISI lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an outperform rating for the company in a research report on Wednesday. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $96.04.

NIKE Trading Up 0.2 %

NYSE:NKE opened at $82.25 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. NIKE has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market capitalization of $124.14 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.30 and a beta of 1.02. The business’s 50-day moving average price is $80.90 and its two-hundred day moving average price is $86.15.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. NIKE’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. On average, equities analysts expect that NIKE will post 3.04 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On NIKE

A number of hedge funds and other institutional investors have recently modified their holdings of NKE. Annapolis Financial Services LLC increased its position in NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares during the period. True Wealth Design LLC increased its holdings in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of NIKE during the fourth quarter worth approximately $33,000. Core Wealth Advisors Inc. raised its position in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Company Profile

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.