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

NIKE (NYSE:NKEGet Free Report)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research note issued on Friday, Benzinga reports. They presently have a $115.00 target price on the footwear maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 18.34% from the company’s current price. Telsey Advisory Group also issued estimates for NIKE’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.91 EPS and FY2025 earnings at $4.00 EPS.

A number of other analysts have also weighed in on the stock. Piper Sandler cut their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $115.00 price target on shares of NIKE in a research report on Thursday, June 13th. Morgan Stanley dropped their price target on shares of NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. StockNews.com lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Sanford C. Bernstein dropped their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.81.

Check Out Our Latest Research Report on NKE

NIKE Stock Up 1.7 %

NYSE:NKE opened at $97.18 on Friday. The firm has a market capitalization of $146.68 billion, a P/E ratio of 28.58, a PEG ratio of 1.80 and a beta of 1.05. NIKE has a 1-year low of $88.66 and a 1-year high of $123.39. The company’s fifty day moving average price is $93.60 and its 200-day moving average price is $99.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKEGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities research analysts anticipate that NIKE will post 3.76 EPS for the current year.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBW Capital LLC lifted its position in shares of NIKE by 0.9% during the 1st quarter. NBW Capital LLC now owns 47,539 shares of the footwear maker’s stock worth $4,468,000 after buying an additional 431 shares during the last quarter. IMS Capital Management lifted its position in shares of NIKE by 2.7% during the 1st quarter. IMS Capital Management now owns 22,638 shares of the footwear maker’s stock worth $2,127,000 after buying an additional 589 shares during the last quarter. American Trust lifted its position in shares of NIKE by 9.5% during the 1st quarter. American Trust now owns 44,107 shares of the footwear maker’s stock worth $4,145,000 after buying an additional 3,833 shares during the last quarter. Portland Hill Asset Management Ltd purchased a new stake in shares of NIKE during the 1st quarter worth approximately $958,000. Finally, Soltis Investment Advisors LLC lifted its position in shares of NIKE by 62.6% during the 1st quarter. Soltis Investment Advisors LLC now owns 28,468 shares of the footwear maker’s stock worth $2,675,000 after buying an additional 10,958 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

About NIKE

(Get Free Report)

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.

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