NIKE (NYSE:NKE) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of NIKE (NYSE:NKE) in a research note released on Monday morning,Benzinga reports. The firm currently has a $80.00 price target on the footwear maker’s stock.

A number of other equities analysts also recently commented on NKE. Truist Financial lowered their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Barclays lowered their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. DA Davidson raised NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Citigroup downgraded NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $102.00 to $72.00 in a research report on Friday, February 7th. Finally, TD Cowen lowered their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average price target of $89.54.

NIKE Stock Up 3.0 %

Shares of NYSE:NKE opened at $73.78 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market capitalization of $109.13 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The firm’s 50-day moving average is $74.71 and its two-hundred day moving average is $77.71. NIKE has a 1 year low of $68.62 and a 1 year high of $101.92.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Trading of NIKE

Several large investors have recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in NIKE by 9.6% in the fourth quarter. Centaurus Financial Inc. now owns 2,258 shares of the footwear maker’s stock valued at $171,000 after purchasing an additional 198 shares during the last quarter. Aegis Wealth Management LLC acquired a new stake in NIKE in the fourth quarter valued at $295,000. Copia Wealth Management acquired a new stake in NIKE in the fourth quarter valued at $358,000. Wood Tarver Financial Group LLC acquired a new stake in NIKE in the fourth quarter valued at $57,000. Finally, Probity Advisors Inc. grew its holdings in NIKE by 49.4% in the fourth quarter. Probity Advisors Inc. now owns 12,221 shares of the footwear maker’s stock valued at $925,000 after purchasing an additional 4,042 shares during the last quarter. Institutional investors and hedge funds 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, 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.