Company Update (NYSE:NKE): NIKE, Inc. Declares $0.28 Quarterly Dividend
Nike Inc (NYSE:NKE) announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per share on the company’s outstanding Class A and Class B Common Stock payable on October 5, 2015, to shareholders of record at the close of business on September 8, 2015. (Original Source)
Shares of Nike closed today at $115.36, up $0.85 or 0.74%. NKE has a 1-year high of $117.72 and a 1-year low of $75.90. The stock’s 50-day moving average is $111.67 and its 200-day moving average is $102.00.
On the ratings front, Nike has been the subject of a number of recent research reports. In a report issued on July 28, Jefferies Co. analyst Edward Plank maintained a Buy rating on NKE, with a price target of $128, which implies an upside of 10.9% from current levels. Separately, on June 29, Argus’ John Staszak reiterated a Buy rating on the stock and has a price target of $126.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Edward Plank and John Staszak have a total average return of 6.4% and 17.2% respectively. Plank has a success rate of 62.5% and is ranked #1507 out of 3728 analysts, while Staszak has a success rate of 78.0% and is ranked #32.
The street is mostly Bullish on NKE stock. Out of 12 analysts who cover the stock, 8 suggest a Buy rating and 4 recommend to Hold the stock. The 12-month average price target assigned to the stock is $108.00, which represents a potential downside of 6.4% from where the stock is currently trading.
Nike Inc designs, develops and markets footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and internet websites.