Nike, Inc. (NYSE:NKE) Given Price Target Of $65.411


As per Nike, Inc. (NYSE:NKE)’s news release on 2016-05-16, its shareholders will get cash dividend of $0.16 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-06 and 2016-07-05, respectively.

The stock will commence trading ex-dividend from 2016-06-02, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Nike, Inc. (NYSE:NKE) disbursed $0.16 in dividend compared to distribution of $0.16, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -14.8148%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Nike, Inc. (NYSE:NKE) to attain a price target of $65.411. It is an average estimate figure given by 17 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $75. The low price range is set at $55 for next year while the arithmetic mean is seen at 1.78.

Eyeing Earnings Nike, Inc. (NYSE:NKE) is likely to post quarterly numbers around 2016-09-22 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $0.55 for the period ending on 2016-08-31.

In last quarter ended 2016-05-31, Nike, Inc. (NYSE:NKE) earnings came at $0.49 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.48 for the quarter.

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