Nike, Inc. Common Stock (NYSE:NKE).
September 28 investment analysts at Barclays maintained a company rating of “Overweight” but moved down the price target to $65.00 from $75.00. On September 8 the stock rating was downgraded from “” to “Neutral” by analysts at PiperJaffray.
On August 26 the company was downgraded to “Neutral” from “Buy” in an announcement from B. Riley. On June 29 UBS kept the stock rating at “Outperform” and lowered the price target from $110.00 to $63.00.
On June 29 Morgan Stanley held the stock rating at “Outperform” and raised the price expectation from $60.00 to $63.00.
The company is trading up since yesterday’s close of $54.4. The company declared a dividend payable on Monday the 3rd of October 2016. The dividend payment will be $0.160 per share for the quarter which comes to $0.64 on an annualized basis. This dividend amount will represent a yeild of $1.16. The ex-dividend date has been established as Thursday the 1st of September 2016.
It is trading at $55.34 barely below $56.79, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $57.33. The 50 day moving average went down by -2.55% whereas the 200 day moving average was down $-1.99 or -3.47%.
Nike, Inc. Common Stock currently has a P/E ratio of 25.62 and the market cap of the company is 92.84B. In the latest earnings report the EPS was $2.16 and is expected to be $2.40 for the current year with 1,677,618,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.51 and the next full year EPS is anticipated to be $2.75.