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Nike Inc (NKE) Receives "Buy" Rating from Jefferies Group LLC

20 May 2017, 03:44 | Jan Cross

Nike Inc (NKE) Receives "Buy" Rating from Jefferies Group LLC

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Huntington National Bank & Trust reported 0.8% of its portfolio in Nike Inc (NYSE:NKE). The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

A number of other analysts also recently issued reports on NKE.

Taking a broader look at the analyst consensus, most recently Nike Inc (NYSE:NKE)'s price target was revised on 05/16/17 and according to 32 analysts stock's price will reach at $62.47 during 52 weeks with standard deviation of 7.26. The stock has been active on the tape, now trading at $51.68, down from yesterday's close by -0.23%. They set a hold rating and a $55.00 price target for the company. Deutsche Bank AG reiterated a buy rating and set a $64.00 price target on shares of Nike in a research note on Saturday, April 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the company. The company has a consensus rating of "Buy" and an average target price of $60.93.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for NIKE, Inc. the EPS stands at 0.68 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.53, suggesting the stock exceeded the analysts' expectations. The stock had a trading volume of 12,680,351 shares. The stock has a 50-day moving average of $54.89 and a 200 day moving average of $53.84. The company has a market cap of $85.31 billion, a price-to-earnings ratio of 21.56 and a beta of 0.44.

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Nike Inc (NYSE:NKE) has average revenue estimates of $8.63B, compared to low analyst estimates of $8.54B and high estimates of $8.89B for the current quarter. Nike also was the target of some unusual options trading activity on Friday.

Nike (NYSE:NKE) last issued its earnings results on Tuesday, March 21st. Select Equity Lp reported 0% in Nike Inc (NYSE:NKE). During the same period in the previous year, the business earned $0.55 EPS. Oppenheimer Holdings also issued estimates for Nike's Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $2.40 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Monday, June 5th will be paid a dividend of $0.18 per share. Perkins Coie Trust stated it has 1,757 shares or 0.05% of all its holdings. The ex-dividend date is Thursday, June 1st. Nike's dividend payout ratio is 31.72%. Nike Inc (NYSE:NKE)'s minimum price target estimates has been figured out at $46.00 while the maximum price target forecast is established at $100.00, if we look at the price target with an optimistic approach it has upside potential of 93% from its latest closing price of $51.68. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/05/19/nike-inc-nke-receives-buy-rating-from-jefferies-group-llc.html.

In related news, Director John R. Thompson, Jr. sold 14,000 shares of Nike stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $55.50, for a total transaction of $5,550,000.00. Headinvest Ltd Limited Liability Company owns 6,526 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The shares were sold at an average price of $56.00, for a total value of $3,640,000.00. Following the completion of the transaction, the chairman now owns 1,966,235 shares in the company, valued at $109,126,042.50. The disclosure for this sale can be found here. $787,160 worth of stock was sold by WHITEHURST JULIAN E on Tuesday, February 21. Following the transaction, the insider now owns 300,108 shares in the company, valued at approximately $17,106,156. Morgan Stanley boosted its position in shares of Nike by 10.1% in the third quarter. Inc. now owns 3,964 shares of the footwear maker's stock worth $209,000 after buying an additional 20 shares during the period. Empirical Financial Services LLC increased its position in Nike by 0.8% in the third quarter. Carmignac Gestion now owns 5,259,454 shares of the footwear maker's stock worth $276,910,000 after buying an additional 3,146,536 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Nike during the fourth quarter valued at about $157,179,000. Accredited Investors Inc. now owns 4,167 shares of the footwear maker's stock valued at $232,000 after buying an additional 19 shares during the period. SOL Capital Management CO now owns 10,732 shares of the footwear maker's stock worth $598,000 after buying an additional 2,000 shares in the last quarter. Laurel Grove Capital LLC now owns 67,616 shares of the footwear maker's stock valued at $3,768,000 after buying an additional 5,650 shares in the last quarter.

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