NIKE (NYSE:NKE) Earns Market Perform Rating from Telsey Advisory Group

NIKE (NYSE:NKE)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $80.00 price target on the footwear maker’s stock. Telsey Advisory Group’s price target suggests a potential upside of 16.47% from the stock’s previous close.

NKE has been the topic of several other research reports. Barclays dropped their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company decreased their target price on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Stifel Nicolaus lowered their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, December 20th. Finally, Evercore ISI lowered their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.62.

NIKE Price Performance

NYSE NKE opened at $68.69 on Thursday. NIKE has a 12-month low of $68.62 and a 12-month high of $107.43. The firm’s 50 day moving average is $75.32 and its 200-day moving average is $78.05. The company has a market capitalization of $101.60 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts anticipate that NIKE will post 2.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE in the 3rd quarter valued at approximately $30,000. Caitlin John LLC increased its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in NIKE during the fourth quarter valued at approximately $28,000. Roxbury Financial LLC bought a new stake in NIKE during the fourth quarter worth $30,000. Finally, VitalStone Financial LLC boosted its holdings in shares of NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Company Profile

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.