Nike (NKE) Receives “Buy” Rating from Macquarie

Share on StockTwits

Nike (NYSE:NKE)‘s stock had its “buy” rating reissued by analysts at Macquarie in a report released on Tuesday. They currently have a $80.00 price target on the footwear maker’s stock. Macquarie’s price target would indicate a potential upside of 12.14% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 target price (up previously from $60.00) on shares of Nike in a report on Sunday, March 25th. UBS set a $76.00 target price on Nike and gave the stock a “buy” rating in a report on Thursday, February 1st. Barclays set a $75.00 target price on Nike and gave the stock a “buy” rating in a report on Friday, March 23rd. Jefferies Group set a $68.00 target price on Nike and gave the stock a “neutral” rating in a report on Friday, March 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $74.00 target price (down previously from $75.00) on shares of Nike in a report on Friday, March 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have issued a buy rating to the company. Nike presently has an average rating of “Hold” and a consensus target price of $69.30.

Shares of Nike opened at $71.34 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73. The stock has a market capitalization of $116.13 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 3.42 and a beta of 0.64. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $72.19.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.15. Nike had a return on equity of 33.38% and a net margin of 5.11%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.85 billion. During the same quarter last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts anticipate that Nike will post 2.33 earnings per share for the current year.

In related news, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $70.00, for a total transaction of $3,500,000.00. Following the completion of the sale, the insider now directly owns 191,959 shares in the company, valued at $13,437,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total value of $9,450,000.00. Following the sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The disclosure for this sale can be found here. Insiders have sold 230,000 shares of company stock valued at $16,190,000 over the last quarter. 3.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of NKE. Financial Gravity Wealth Inc. acquired a new position in Nike during the first quarter worth $277,000. Amalgamated Bank boosted its stake in Nike by 10.8% during the first quarter. Amalgamated Bank now owns 190,983 shares of the footwear maker’s stock worth $12,689,000 after buying an additional 18,584 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Nike by 17.2% during the first quarter. Summit Trail Advisors LLC now owns 12,258 shares of the footwear maker’s stock worth $673,000 after buying an additional 1,798 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Nike by 3.9% during the first quarter. WINTON GROUP Ltd now owns 101,615 shares of the footwear maker’s stock worth $6,751,000 after buying an additional 3,803 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Nike by 21.2% during the first quarter. Handelsbanken Fonder AB now owns 273,000 shares of the footwear maker’s stock worth $18,138,000 after buying an additional 47,800 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.

Analyst Recommendations for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Heartland Express  Stock Rating Reaffirmed by Stifel Nicolaus
Heartland Express Stock Rating Reaffirmed by Stifel Nicolaus
Skyworks Solutions’  “Hold” Rating Reaffirmed at Cowen
Skyworks Solutions’ “Hold” Rating Reaffirmed at Cowen
Pioneer Energy Services Corp  Forecasted to Earn Q2 2018 Earnings of  Per Share
Pioneer Energy Services Corp Forecasted to Earn Q2 2018 Earnings of Per Share
Q2 2018 Earnings Forecast for PDC Energy Inc  Issued By Imperial Capital
Q2 2018 Earnings Forecast for PDC Energy Inc Issued By Imperial Capital
Q2 2018 EPS Estimates for Paypal Holdings Inc Raised by Analyst
Q2 2018 EPS Estimates for Paypal Holdings Inc Raised by Analyst
Q2 2018 Earnings Forecast for Stryker Co.  Issued By SunTrust Banks
Q2 2018 Earnings Forecast for Stryker Co. Issued By SunTrust Banks


© 2006-2018 Ticker Report. Google+.