NIKE (NYSE:NKE) Shares Up 0.5%

NIKE, Inc. (NYSE:NKE) traded up 0.5% during mid-day trading on Tuesday . The company traded as high as $94.72 and last traded at $94.64. 1,858,326 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 9,499,628 shares. The stock had previously closed at $94.19.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein decreased their target price on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. TheStreet cut NIKE from a “b” rating to a “c+” rating in a report on Tuesday, January 9th. Williams Trading reaffirmed a “sell” rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Morgan Stanley decreased their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Finally, UBS Group decreased their target price on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Two equities research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock has a market capitalization of $142.85 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The firm has a 50 day moving average of $97.39 and a 200-day moving average of $103.38.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.28 billion. On average, equities research analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.56%. NIKE’s dividend payout ratio is 43.53%.

Hedge Funds Weigh In On NIKE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peterson Financial Group Inc. boosted its holdings in NIKE by 50.8% during the first quarter. Peterson Financial Group Inc. now owns 22,847 shares of the footwear maker’s stock valued at $2,147,000 after purchasing an additional 7,695 shares in the last quarter. Telos Capital Management Inc. boosted its holdings in NIKE by 15.3% during the first quarter. Telos Capital Management Inc. now owns 51,157 shares of the footwear maker’s stock valued at $4,808,000 after purchasing an additional 6,770 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in NIKE by 2.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 130,411 shares of the footwear maker’s stock valued at $12,256,000 after purchasing an additional 3,608 shares in the last quarter. Krilogy Financial LLC boosted its holdings in NIKE by 13.8% during the first quarter. Krilogy Financial LLC now owns 22,284 shares of the footwear maker’s stock valued at $2,094,000 after purchasing an additional 2,699 shares in the last quarter. Finally, PSI Advisors LLC boosted its holdings in NIKE by 68.7% during the first quarter. PSI Advisors LLC now owns 393 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 160 shares in the last quarter. 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.