NIKE (NYSE:NKE) Trading 1.3% Higher

NIKE, Inc. (NYSE:NKE) traded up 1.3% during mid-day trading on Thursday . The company traded as high as $92.26 and last traded at $91.48. 1,767,751 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 9,253,923 shares. The stock had previously closed at $90.34.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Williams Trading reissued a “sell” rating and issued a $85.00 price objective (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Truist Financial restated a “hold” rating and issued a $111.00 target price on shares of NIKE in a research report on Tuesday, March 19th. Wedbush restated an “outperform” rating and issued a $115.00 target price on shares of NIKE in a research report on Tuesday. The Goldman Sachs Group dropped their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Sanford C. Bernstein dropped their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Performance

The stock’s 50 day moving average price is $96.25 and its 200 day moving average price is $103.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The company has a market capitalization of $139.21 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced 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. This represents a $1.48 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is presently 43.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Excalibur Management Corp increased its stake in shares of NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after buying an additional 98 shares during the period. Jeppson Wealth Management LLC increased its stake in shares of NIKE by 4.5% in the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after buying an additional 100 shares during the period. Cairn Investment Group Inc. increased its stake in shares of NIKE by 4.2% in the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after buying an additional 100 shares during the period. Tiemann Investment Advisors LLC increased its stake in shares of NIKE by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock worth $319,000 after buying an additional 100 shares during the period. Finally, Piscataqua Savings Bank increased its stake in shares of NIKE by 2.1% in the fourth quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock worth $528,000 after buying an additional 100 shares during the period. 64.25% of the stock is 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.