NIKE (NYSE:NKE) PT Set at $141.00 by UBS Group

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NIKE (NYSE: NKEGet a rating) received a price target of $141.00 from UBS Group equity analysts in a research report released Monday to clients and investors, Borsen Zeitung reports. The target price of the UBS group indicates an upside potential of 33.90% compared to the current share price.

Several other brokerages have also recently weighed in on NKE. BMO Capital Markets cut its price target on NIKE from $128.00 to $110.00 and set an “outperform” rating for the company in a Friday, September 30 research report. KeyCorp supported NIKE’s coverage in a research report on Wednesday, July 20. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft cut its price target on NIKE from $123.00 to $99.00 and set a “buy” rating for the company in a Friday, September 30 research report. Raymond James began NIKE coverage in a report on Wednesday, October 12. They issued an “outperform” rating and a price target of $99.00 for the company. Finally, Stifel Nicolaus cut his price target on NIKE from $130.00 to $110.00 and set a “buy” rating for the company in a Friday, September 30 report. Thirteen analysts rated the stock with a hold rating and twenty gave the company a buy rating. According to MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $114.96.

NIKE down 0.7%

NIKE Stock traded down $0.79 during Monday’s trading, hitting $105.30. The company’s stock had a trading volume of 323,047 shares, compared to its average volume of 7,612,959. The stock has a market capitalization of $165.17 billion, a price-earnings ratio of 29.77 , a P/E/G ratio of 4.67 and a beta of 1.12. The company has a debt ratio of 0.56, a quick ratio of 1.76 and a current ratio of 2.64. The stock’s fifty-day moving average is $95.58 and its 200-day moving average is $105.97. NIKE has a 1-year low of $82.22 and a 1-year high of $177.75.

NIKE (NYSE: NKEGet a rating) last announced its quarterly results on Thursday, September 29. The shoemaker reported EPS of $0.93 for the quarter, beating the consensus estimate of $0.92 by $0.01. The company posted revenue of $12.70 billion in the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 37.08% and a net margin of 11.96%. The company’s revenue increased 3.7% year over year. In the same period a year earlier, the company posted earnings per share of $1.16. As a group, equity research analysts expect NIKE to post EPS of 2.97 for the current year.

Insider Buying and Selling at NIKE

Separately, Executive Vice President Monique S. Matheson sold 5,882 shares of the company in a transaction dated Monday, October 31. The stock was sold at an average price of $93.55, for a total value of $550,261.10. Following the sale, the executive vice president now directly owns 60,213 shares of the company, valued at $5,632,926.15. The sale was disclosed in an SEC filing, available at the SEC website. Company insiders own 0.40% of the company’s shares.

Institutional entries and exits

A number of institutional investors have recently changed their stake in the company. Antonetti Capital Management LLC increased its position in NIKE by 900.0% in the 1st quarter. Antonetti Capital Management LLC now owns 200 shares of the shoemaker worth $27,000 after buying an additional 180 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in NIKE shares by 6,250.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 254 shares of the shoemaker valued at $34,000 after acquiring an additional 250 shares in the last quarter. LFA Lugano Financial Advisors SA increased its position in NIKE shares by 63.3% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 258 shares of the shoemaker valued at $26,000 after acquiring 100 more shares in the last quarter. Bradley & Co. Private Wealth Management LLC increased its position in NIKE shares by 90.6% during the 1st quarter. Bradley & Co. Private Wealth Management LLC now owns 265 shares of the shoemaker valued at $36,000 after acquiring 126 additional shares in the last quarter. Finally, Worth Asset Management LLC purchased a new equity stake in NIKE during Q1 for $32,000. Institutional investors hold 64.19% of the company’s shares.

About NIKE

(Get a rating)

NIKE, Inc., together with its subsidiaries, designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for men, women and children worldwide. The Company provides athletic and recreational footwear, apparel and accessories under the Jumpman brand; and casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell brands.

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