Deutsche Bank set a $100.00 price objective on Nike (NYSE:NKE) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the footwear maker’s stock.

A number of other brokerages have also issued reports on NKE. Nomura boosted their target price on shares of Nike from $85.00 to $91.00 and gave the stock a buy rating in a research report on Friday, March 22nd. Cowen set a $90.00 target price on shares of Nike and gave the stock a buy rating in a research report on Friday, March 22nd. Macquarie set a $89.00 target price on shares of Nike and gave the stock a buy rating in a research report on Friday, June 28th. Citigroup initiated coverage on shares of Dicks Sporting Goods in a research report on Wednesday, April 10th. They set a neutral rating and a $40.00 target price on the stock. Finally, Goldman Sachs Group lowered shares of Anaplan from a buy rating to a neutral rating and set a $53.20 target price on the stock. in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $89.86.

Shares of NKE stock opened at $89.12 on Wednesday. Nike has a 1 year low of $66.53 and a 1 year high of $90.00. The business’s fifty day moving average is $83.61. The company has a market capitalization of $140.07 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.36 and a beta of 0.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.10 and a quick ratio of 1.39.

Nike (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). Nike had a return on equity of 45.12% and a net margin of 10.30%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Nike will post 2.9 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, May 31st. Nike’s dividend payout ratio (DPR) is presently 35.34%.

In other news, Director Elizabeth J. Comstock sold 24,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $84.84, for a total value of $2,036,160.00. Following the sale, the director now owns 38,813 shares of the company’s stock, valued at approximately $3,292,894.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Sprunk sold 40,004 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $87.82, for a total transaction of $3,513,151.28. The disclosure for this sale can be found here. Insiders sold a total of 98,104 shares of company stock worth $8,561,705 in the last three months. Insiders own 3.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tiemann Investment Advisors LLC grew its holdings in shares of Nike by 2.4% in the 4th quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock worth $402,000 after purchasing an additional 125 shares during the last quarter. Capital Insight Partners LLC grew its holdings in shares of Nike by 0.7% in the 1st quarter. Capital Insight Partners LLC now owns 17,819 shares of the footwear maker’s stock worth $1,501,000 after purchasing an additional 126 shares during the last quarter. Midwest Professional Planners LTD. grew its holdings in shares of Nike by 1.0% in the 1st quarter. Midwest Professional Planners LTD. now owns 12,794 shares of the footwear maker’s stock worth $1,077,000 after purchasing an additional 127 shares during the last quarter. Arcadia Investment Management Corp MI lifted its position in Nike by 45.4% during the 1st quarter. Arcadia Investment Management Corp MI now owns 410 shares of the footwear maker’s stock worth $35,000 after buying an additional 128 shares in the last quarter. Finally, National Asset Management Inc. lifted its position in Nike by 0.9% during the 1st quarter. National Asset Management Inc. now owns 14,637 shares of the footwear maker’s stock worth $1,234,000 after buying an additional 131 shares in the last quarter. 65.60% of the stock is currently owned by institutional investors and hedge funds.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Analyst Recommendations for Nike (NYSE:NKE)

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