NIKE (NYSE: NKE) is all set to release the data of their quarterly earnings after the close of the markets on 18th March, Thursday. Analysts are anticipating the firm to post $0.75 earnings per share for the ongoing quarter.
On Thursday, the company started from $137.59 with the market cap being $216.91 billion. Their lowest in 1 year is $60 while the highest is $147.95. Their current, quick, and leverage ratio is 2.66, 1.97, and 0.88. Their 50 days rolling average is at $138.54 while the 200 day is at $131.82.
According to their 17th December report, their quarterly EPS was $0.78 that topped the $0.63 by $0.15. They had a 7.39% net margin along with a 34.89% equity return. Their revenue was $11.24B, surpassing the $10.51B estimate.
Market Undertakings Of NKE Stock
Cowen upgraded the price objective of NKE shares to $165 from $150 while DZ Bank assigned a rating of ‘sell’. Deutsche Bank lifted it to $161 from $151 and gave a rating of ‘buy’. KeyCorp promoted it to $180 from $174 and gave a rating of ‘overweight’. BTIG Research raised it to $162 from $152. The company has an average ‘buy recommendation with a $156.86 price objective.
OLD Mission bought new holdings in NKE stock and own $338,000 worth of shares. Hedge funds and institutional investors own 64.20% NKE stock.
Chris Abston, VP, sold off 30,000 NIKE shares at $145 worth $4,350,000. Hilary Krane, CAO, sold off 41,500 NIKE shares at $142.84 worth $5,927,860. 3.80% NIKE stock is owned by insiders.
The firm recently announced its quarterly dividend that will be given on 1st April. Shareholders will be paid a dividend of $0.275 on 1st March, indicating a $1.10 annualized basis with a 0.80% yield. They have a 59.46% payout ratio at present.
Nike Inc. is one of the largest sports brands in the world. It has sponsorships with the top sports personalities and organizations as a testament to its immense grasp over the athletic world. The company manufactures, produces and sells NIKE branded athletic good across almost all sports and age range.