Bloomberg reports that of the 35 brokerages that cover Nike, Inc., an average rating of “Moderate Buy” has been assigned to the company’s stock. The New York Stock Exchange is the market where stocks are traded (NYSE: NKE). There were twelve research experts who suggested that investors hold onto their shares, while there were fifteen research experts who suggested that investors buy the shares. Most of the brokerage firms that valued the stock in the previous year set a price target of $114.96 for the stock price over the next twelve months.
There have been a significant number of research reports written on NKE. In a report released Sept. 30, Jefferies Financial Group gave the company a “buy” rating and lowered its price target for Nike from $130.00 to $115.00. The report was released on Friday. The price range that the company should aim for has also been reduced due to the study. Investment bank Exane BNP Paribas has changed its recommendation on Nike from “outperform” to “neutral”. His price target for the company’s stock rose to $118.00. According to a report published on August 9, on Tuesday, following a study published on Friday, September 30, Deutsche Bank Aktiengesellschaft lowered its “buy” rating and its price target of $123.00 that it previously held for Nike at $99.00. Previously, they gave Nike a “buy” rating. On Wednesday, October 12, StockNews.com published an article on Nike. This was the first coverage of the company provided by the website. They recommended that shareholders “keep” their shares in the company. Raymond James released his first report on Wednesday, October 12, marking the start of his coverage of Nike in this publication. They gave the company an “outperform” rating and their price target for the stock is set at $99.00 per share.
Additionally, on August 3, Nike COO Andrew Campion sold 5,922 shares of the company. This Nike-related information is included in the news. There was a total of $671,673.24 in shares sold, and they were purchased for $113.42 per share. The COO now directly owns 75,295 shares of the company as a direct result of the transaction that took place earlier. The current market value of these shares is $8,539,958.90 per share. Due to the filing with the SEC, information regarding the transaction is now publicly available. On the SEC website, you can locate this particular file. In other news, Chief Operating Officer Andrew Campion sold 5,922 shares of the company on Aug. 3. This information is included in the previous sentence. There was a total of $671,673.24 in shares sold, and they were purchased for $113.42 per share. As a result of the transaction, the CEO now directly owns 75,295 shares of the company. This brings its total shareholding to a total of 152,985. The current market value of these shares is $8,539,958.90 per share. The Securities and Exchange Commission has received legal documentation about the transaction, which can be viewed in full by following the link provided in the previous sentence. The documentation has been provided to the SEC. Additionally, on August 3, the company’s chief financial officer, Matthew Friend, sold 4,139 shares of the company. It was determined that each share was sold at an average price of $113.42, leading to a total sale volume of $469,445.38. The price at which each share was sold was determined to be $113.42. As a direct result of the operation, the financial director now holds 56,539 shares. The total value of these shares is approximately $6,412,653.38. Disclosures related to the sale can be found in this section of the website. About 0.40% of the company’s total shares are held by people who work for the company.
In recent months, several hedge funds in the sector have changed the total number of shares they currently hold. In the first three months of the year, FNY Investment Advisers LLC increased the amount of money invested in its stock holdings by approximately $26,000. These holdings include Nike. In the first three months of the year, Antonetti Capital Management LLC saw a nine hundred percent increase in the value of its holdings in Nike. Antonetti Capital Management LLC recently acquired ownership of 200 shares held by the shoemaker. These shares have a combined market value of $27,000. This represents an increase of 180 shares which were acquired during the last quarter of the last fiscal year.
The amount of Nike stock held by Mark Sheptoff Financial Planning LLC rose 6,250.0% in the first three months of 2018. After purchasing an additional 250 shares of the shoemaker’s stock in the previous quarter, Mark Sheptoff Financial Planning LLC now owns 254 shares of the company’s stock, which amount to $34,000. This brings the total number of shares held by the company in this security to 254. In addition, LFA Lugano Financial Advisors SA increased its stake in Nike by 63.3% during the second quarter, bringing the company’s total stake at 1.31% in total. After buying an additional 100 shares in the last quarter, LFA Lugano Financial Advisors SA now owns 258 shares in the shoemaker. Each share of this shoemaker’s stock is valued at $26,000 based on the current market.
Finally, in the first three months of 2018, the value of assets managed by Bradley & Co. Private Wealth Management LLC increased by 90.6% due to the company’s investment in Nike. Additionally, by purchasing an additional 126 shares in the past quarter, Bradley & Co. Private Wealth Management LLC increased the shoemaker’s percentage of stocks in its portfolio. Because of this, the company now owns 265 shares of the company, which together are worth $36,000 to the company. Institutional investors and hedge funds own 64.19% of the company’s shares. The other shareholders hold the remaining 35.21%.
Trading in Nike shares began on Tuesday with an opening price of $92.68 per share. The company’s market capitalization is currently $145.37 billion and its beta value is 1.11. The company’s P/E/G ratio is 2.68. The three liquidity ratios add up to 1.76, including the debt ratio, the current ratio and the quick ratio. The ratio in question is currently 2.64. Nike stock price has ranged from an all-time low of $82.22 to an all-time high of $179.10 over the past 52 weeks. The stock price has a simple moving average of $98.04 over the past 50 days, and its price has a simple moving average of $108.20 over the past 200 days.
Nike (NYSE: NKE) released the results of its latest quarterly earnings report on Thursday, September 29, marking the end of its third fiscal quarter. Earnings per share (EPS) the shoemaker reported for the prior quarter came in at $0.93, $0.01 above the market projection of $0.92. Actual revenue for the quarter was $12.70 billion, which is higher than the consensus estimate of $12.28 billion for the amount of revenue expected to be generated in the quarter. Nike had a return on equity of 37.08% and the company’s net margin was 11.96%. The company’s revenue increase was 3.7% higher than the previous year’s revenue increase. The company generated $1.16 per share in the same period a year earlier. Stock research experts believe Nike will earn $2.97 per share during the fiscal year.
In addition, the company’s board of directors decided to issue a quarterly dividend, which was paid on October 3 after being approved. On Wednesday, September 7, dividends totaling $0.305 were distributed to shareholders on Tuesday, September 6. This payment has been made. This equates to an annual dividend payment of $1.22 and a return on investment of 1.32%. On September 2, the day this dividend became payable to shareholders, also known as the ex-dividend day, the stock price fell. The current payout ratio of the company, known as Nike, is 34.56%.