World news – NIKE (NYSE: NKE) PT at Credit Suisse Group increased to USD 176.00


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The price target of NIKE (NYSE: NKE) was announced by equity researchers at Credit Suisse Group in a Thursday to investors Benzinga reports that the issued Research Note was raised from USD 162.00 to USD 176.00. The company currently has an « outperform » rating on the shoe manufacturer’s stock. Credit Suisse Group’s target price points to a potential increase of 32.17% over the current price of the share.

Several other research firms have also looked at NKE. Zacks Investment Research downgraded NIKE’s shares from a « buy » rating to a « hold » rating and set a price target of $ 146.00 for the company. in a research report on Monday. BMO Capital Markets raised its price target for NIKE shares from USD 134.00 to USD 160.00 and rated the company as « Outperform » in a research report on Monday, December 21st. Wedbush raised its price target for NIKE shares from USD 142.00 to USD 152.00 and rated the company as « Outperform » in a research note on Friday, December 11th. The Smith Barney Citigroup raised its price target for NIKE shares on Monday, December 21, in a research note from USD 137.00 to USD 157.00. Finally, Pivotal Research raised its price target for NIKE shares from USD 160.00 to USD 167.00 and gave the company a « Buy » rating in a research note on Tuesday, March 16. One analyst rated the stock with a sell rating, three with a hold rating, and thirty with a buy rating. The company currently has a consensus rating of « Buy » and an average price target of $ 159.77 (adsbygoogle = window.adsbygoogle || []). Push ({});

NKE’s shares opened at $ 133.16 on Thursday. NIKE has a 52-week low of $ 76.20 and a 52-week high of $ 147.95. The company has a quick rate of 1.97, a current rate of 2.66, and a leverage ratio of 0.88. The company has a 50-day moving average price of $ 139.52 and a 200-day moving average price of $ 133.79. The company has a market cap of $ 209.93 billion, a PE ratio of 76.09, a P / E / G ratio of 2.51, and a beta of 0.83.

NIKE (NYSE: NKE) last released its quarterly earnings data on Wednesday March 17th. The shoe maker reported earnings of $ 0.90 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 by $ 0.15. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The company had revenue of $ 10.40 billion for the quarter, compared to analyst estimates of $ 10.98 billion. For the same quarter last year, the company had earnings per share of $ 0.78. The company’s quarterly sales increased 2.9% year over year. On average, equity analysts expect NIKE to achieve an EPS of 2.96 this year.

On other NIKE news, Chairman Mark G. Parker sold 130,000 shares in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $ 141.27 for a total transaction of $ 18,365,100.00. Following the transaction, the chairman now holds 1,532,001 shares in the company valued at $ 216,425,781.27. The sale was announced in a filing with the SEC, which is available on the SEC website. In addition, EVP Monique S. Matheson sold 28,500 shares of the company in a transaction on Monday, December 28th. The stock was sold at an average price of $ 142.54 for a total transaction of $ 4,062,390.00. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 208,500 shares in the company valued at $ 29,620,690. Corporate insiders own 3.80% of the company’s stock.

Several institutional investors have recently changed their positions in NKE. Key Financial Inc acquired a new stake in NIKE stock valued at $ 25,000 in the fourth quarter. Tsfg LLC increased its stake in NIKE shares by 583.3% in the fourth quarter. Tsfg LLC now owns 205 shares in the shoe maker, valued at $ 29,000, after acquiring an additional 175 shares last quarter. Addison Advisors LLC acquired a new stake in NIKE shares valued at $ 30,000 in the fourth quarter. DB Wealth Management Group LLC acquired a new stake in NIKE shares worth $ 30,000 in the fourth quarter. Eventually, Joseph P. Lucia & Associates LLC acquired a new stake in NIKE shares worth $ 32,000 in the fourth quarter. Institutional investors and hedge funds own 64.20% of the company’s shares.

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

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NIKE (NYSE: NKE) PT increased to USD 176.00 at Credit Suisse Group


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