Nike, Inc. Common Stock (NYSE:NKE).
On September 28 the stock rating was downgraded to “Hold” from “Outperform” in a statement from Brean Capital. September 28 investment analysts at Nomura kept the company rating at “Neutral” but moved down the price target to $55.00 from $85.00.
On September 28 DA Davidson kept the stock rating at “Neutral” and lowered the price expectation from $63.00 to $55.00. On September 28 Citigroup maintained a stock rating of “Overweight” and raised the price target from $63.00 to $65.00.
On September 28 Barclays held the company rating at “Overweight” and moved down the price target to $65.00 from $75.00.
The company is up since yesterday’s close of $54.4. Nike, Inc. Common Stock also recently announced a dividend for shareholders to be paid on Monday the 3rd of October 2016. The dividend will be $0.160 per share for the quarter or $0.64 annualized. This dividend represents a yield of $1.16. The ex-dividend date is set for Thursday the 1st of September 2016.
Shares last traded at $55.34 barely below $56.79, the stock’s 50 day moving average and slightly below the 200 day moving average of $57.33. The 50 day moving average was down $-1.45 and the 200 day average was down $-1.99.
Nike, Inc. Common Stock’s P/E ratio is 25.62 and market capitalization is 92.84B. In the last earnings report the EPS was $2.16 and is projected to be $2.40 for the current year with 1,677,618,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.51 and the next full year EPS is projected to be $2.75.