UBS analysts raised the price target on athletic footwear and apparel maker Nike Inc (NKE) on Thursday in order to reflect a higher premium to the market.
The analysts now see shares reaching $77, which suggests an 11% upside to the stock’s Wednesday closing price of $69.48.
Nike Inc shares were up 61 cents, or 0.88%, during morning trading on Thursday. The stock is up 35.56% year-to-date.The Bottom Line
Shares of Nike (NKE) offer a dividend yield of 1.20% based on Thursday’s intraday trading price of $69.86 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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