Nike Stock Averages $47.91 Price Target Amid Earnings Expectations

Nike Inc.'s (NYSE:NKE) stock has been assigned an average rating of 'Hold' by thirty-eight research firms covering the company, according to Marketbeat Ratings.

Seven analysts have rated the stock with a sell recommendation, twenty-one have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on Nike. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $47.91.

Nike recently announced a quarterly dividend of $0.41 per share, which will be paid on October 1st to investors of record on September 1st.