NIKE (NYSE:NKE - Get Free Report) posted its quarterly earnings data on Thursday. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15, Zacks reports. NIKE had a net margin of 10.60% and a return on equity of 39.84%.
NKE stock traded up $0.20 during mid-day trading on Thursday, reaching $77.10. The company had a trading volume of 17,686,312 shares, compared to its average volume of 11,500,321. The company has a market capitalization of $115.60 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.89 and a beta of 1.02. NIKE has a 52 week low of $70.75 and a 52 week high of $123.39. The stock has a 50 day simple moving average of $78.28 and a two-hundred day simple moving average of $80.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.40 dividend. This is a boost from NIKE's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. NIKE's dividend payout ratio (DPR) is presently 45.85%.
Several research firms have recently weighed in on NKE. Guggenheim dropped their price objective on shares of NIKE from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on NIKE from $80.00 to $85.00 and gave the company a "hold" rating in a report on Monday, September 30th. UBS Group decreased their price objective on shares of NIKE from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Piper Sandler reaffirmed a "neutral" rating and issued a $80.00 target price on shares of NIKE in a research note on Friday, September 20th. Finally, Truist Financial raised shares of NIKE from a "hold" rating to a "buy" rating and increased their price target for the company from $83.00 to $97.00 in a research note on Thursday, October 10th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $93.15.
Read Our Latest Research Report on NKE
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
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