Market Update: Nike Inc (NYSE:NKE) – NIKE, Inc. Declares $0.16 Quarterly Dividend

[Business Wire] – NIKE, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on the company’s outstanding Class A and Class B Common Stock payable on April 4, 2016, to shareholders of record at the close of business on March 7, 2016. Read more on this. NIKE, Inc. (NKE) , currently valued at $95.38B, opened this morning at $56.46. Shares have traded today between $55.39 and $56.91 per share with the price of the stock fluctuating between $45.40 to $68.19 over the last 52 weeks. Priced at 25.60x this year’s forecasted earnings, NKE shares are relatively expensive compared to the industry ’s 17.93x forward p/e ratio. The company pays shareholders $0.64 per share annually in dividends, yielding 1.12%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.49 per share, which would be $0.04 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.15, which would be a $0.30 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.20 Billion. If realized, that would be a 9.92% increase over the year-ago quarter. Recently, BB&T Capital Mkts upgraded NKE from Hold to Buy (Oct 19, 2015). Previously, DA Davidson upgraded NKE from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $72.22, which is 27.91% above than it opened this morning. See more in (NYSE:NKE) Similar Articles: Market Update (NYSE:NKE): Plug Power added Nike as customer in 2015, hitting $100 million revenue goal Stock Update: Nike Inc (NYSE:NKE) – Technical Coverage on Textile – Apparel Footwear & Accessories Equities — NIKE Inc., Coach, Skechers U.S.A., and Foot Locker Stock Update: Nike Inc (NYSE:NKE) – NIKE, Inc. Announces Bob Hurley to Step Down as CEO of Hurley
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