Today, Recent Investment Analysts’ Ratings Updates for Nike (NKE)

Today, Recent Investment Analysts’ Ratings Updates for Nike (NKE)
Nike (NYSE: NKE) has recently received a number of price target changes and ratings updates:

Nike Inc. (NYSE:NKE) traded up 0.35% on Friday, hitting $51.52. 2,736,767 shares of the company traded hands. Nike Inc. has a 12 month low of $49.01 and a 12 month high of $68.19. The stock’s 50-day moving average is $51.21 and its 200 day moving average is $54.73. The stock has a market cap of $85.80 billion, a PE ratio of 23.25 and a beta of 0.48.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. Nike had a net margin of 11.60% and a return on equity of 30.56%. The firm had revenue of $9.06 billion for the quarter. During the same quarter in the prior year, the business earned $1.34 earnings per share. Nike’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that Nike Inc. will post $2.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 5th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. Nike’s payout ratio is currently 28.83%.

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