UBS analysts boosted the price target on athletic apparel and footwear giant Nike, Inc. (NKE) on Monday, as single-digit revenue growth should lead to mid-teens EPS growth over the next couple of years.
The analysts see shares of Nike now reaching $68, which suggests a 12% upside to Friday’s closing price of $60.92.
Nike shares were up 9 cents, or +0.15%, during pre-market trading on Monday. The stock is up +18.06% year-to-date.
The Bottom Line
Shares of Nike (NKE) have a dividend yield of 1.38% based on Friday’s closing price of $60.92 and the company’s annualized dividend payout of 84 cents per share.
Nike, Inc. (NKE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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