JPMorgan Chase & Co. Analysts Give NIKE (NYSE:NKE) a $132.00 Price Target

NIKE (NYSE:NKEGet Rating) received a $132.00 price objective from research analysts at JPMorgan Chase & Co. in a research note issued on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 25.81% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and issued a $159.00 price objective on shares of NIKE in a research note on Wednesday, June 15th. The Goldman Sachs Group set a $177.00 price target on shares of NIKE in a research note on Tuesday, March 22nd. Credit Suisse Group lowered their price target on NIKE from $165.00 to $130.00 in a report on Thursday. HSBC lowered their price target on NIKE from $140.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, June 14th. Finally, Barclays lowered their price target on NIKE from $161.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.85.

Shares of NYSE NKE opened at $104.92 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.06 and a quick ratio of 2.18. The company has a market cap of $165.12 billion, a P/E ratio of 27.68, a PEG ratio of 1.74 and a beta of 0.96. NIKE has a 1 year low of $103.46 and a 1 year high of $179.10. The firm has a 50-day simple moving average of $117.72 and a two-hundred day simple moving average of $135.48.

NIKE (NYSE:NKEGet Rating) last announced its quarterly earnings data on Monday, March 21st. The footwear maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.61 billion. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, equities research analysts expect that NIKE will post 3.68 EPS for the current year.

In related news, CFO Matthew Friend sold 9,032 shares of the firm’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $110.52, for a total value of $998,216.64. Following the transaction, the chief financial officer now directly owns 51,581 shares of the company’s stock, valued at approximately $5,700,732.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew Campion sold 14,203 shares of the firm’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the completion of the transaction, the chief operating officer now directly owns 73,795 shares in the company, valued at $8,900,414.95. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Mcdonald Partners LLC increased its position in NIKE by 0.7% during the third quarter. Mcdonald Partners LLC now owns 8,625 shares of the footwear maker’s stock worth $1,253,000 after purchasing an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in NIKE by 1.5% during the fourth quarter. Gilman Hill Asset Management LLC now owns 4,693 shares of the footwear maker’s stock worth $782,000 after purchasing an additional 70 shares during the last quarter. Buffington Mohr McNeal increased its position in NIKE by 0.7% during the fourth quarter. Buffington Mohr McNeal now owns 9,517 shares of the footwear maker’s stock worth $1,586,000 after purchasing an additional 70 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in NIKE by 3.2% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,292 shares of the footwear maker’s stock worth $382,000 after purchasing an additional 70 shares during the last quarter. Finally, Resources Management Corp CT ADV increased its position in NIKE by 0.5% during the fourth quarter. Resources Management Corp CT ADV now owns 15,025 shares of the footwear maker’s stock worth $2,504,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 65.35% of the company’s stock.

NIKE Company Profile (Get Rating)

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other 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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