Jefferies Analysts Reiterate a "Buy" Rating on NIKE, Inc. (NKE)
Wednesday, June 29, 2021 12:10 PM

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Equities research analysts at Jefferies reiterated a "buy" rating on shares of NIKE, Inc. (NYSE: NKE) in a research note to investors on Wednesday. The analysts currently have a $100.00 price target on the stock.

Separately, analysts at Capstone upgraded shares of NIKE, Inc. from a "hold" rating to a "buy" rating in a research note to investors on Wednesday. They now have a $105.00 price target on the stock. Also, analysts at Sterne Agee reiterated a "buy" rating on shares of NIKE, Inc. in a research note to investors on Wednesday.

Shares of NIKE, Inc. traded down 0.11% during mid-day trading on Thursday, hitting $89.80. NIKE, Inc. has a 52 week low of $66.34 and a 52 week high of $92.49. The stock's 50-day moving average is $82.92 and its 200-day moving average is $83.39. The company has a market cap of $42.577 billion and a price-to-earnings ratio of 21.35.

NIKE, Inc. last announced its quarterly results on Monday, June 27th. The company reported $1.24 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.16 EPS by $0.08. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post $0.97 EPS next quarter.

NIKE, Inc. (NIKE) is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel in the world. It sells its products to retail accounts, through NIKE-owned retail, including stores and Internet sales, and through a mix of independent distributors and licensees, in over 170 countries around the world. NIKE’s athletic footwear products are designed primarily for specific athletic use. It also markets footwear designed for aquatic activities, baseball, cheerleading, football, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. It also markets apparel with licensed college and professional team, and league logos. It sells a line of performance equipment under the NIKE brand name, including bags, socks, sport balls, eyewear, timepieces, electronic devices, bats, gloves and protective equipment.

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