Nike Inc (NYSE:NKE) insider Elliott Hill sold 34,100 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $88.34, for a total transaction of $3,012,394.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NKE opened at $89.12 on Friday. Nike Inc has a 12-month low of $66.53 and a 12-month high of $90.00. The stock has a fifty day moving average price of $83.61. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38. The company has a market cap of $138.77 billion, a PE ratio of 35.79, a P/E/G ratio of 2.34 and a beta of 0.78.
Nike (NYSE:NKE) last issued its earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Nike had a return on equity of 45.12% and a net margin of 10.30%. The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Nike’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts anticipate that Nike Inc will post 2.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, May 31st. Nike’s dividend payout ratio is currently 35.34%.
A number of research firms have weighed in on NKE. Wedbush set a $30.00 target price on shares of Aquestive Therapeutics and gave the company a “buy” rating in a research report on Friday, March 22nd. Needham & Company LLC reissued a “strong-buy” rating on shares of Lumentum in a research report on Monday, March 18th. Credit Suisse Group set a $180.00 target price on shares of Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. Wells Fargo & Co reissued a “hold” rating and set a $160.00 target price on shares of Willis Towers Watson in a research report on Friday, March 22nd. Finally, Piper Jaffray Companies set a $97.00 price target on Nike and gave the stock a “buy” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.86.
Several institutional investors and hedge funds have recently modified their holdings of NKE. Advisors Asset Management Inc. boosted its stake in shares of Nike by 11.1% in the 4th quarter. Advisors Asset Management Inc. now owns 4,174 shares of the footwear maker’s stock valued at $309,000 after purchasing an additional 418 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Nike by 7.6% in the 4th quarter. State of Tennessee Treasury Department now owns 912,290 shares of the footwear maker’s stock valued at $67,637,000 after purchasing an additional 64,067 shares during the last quarter. Wellington Shields Capital Management LLC boosted its stake in shares of Nike by 219.4% in the 4th quarter. Wellington Shields Capital Management LLC now owns 11,209 shares of the footwear maker’s stock valued at $831,000 after purchasing an additional 7,700 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Nike by 243.6% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 707,094 shares of the footwear maker’s stock valued at $45,859,000 after purchasing an additional 501,324 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Nike by 14.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,070 shares of the footwear maker’s stock valued at $524,000 after purchasing an additional 866 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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