Nike Inc (NYSE:NKE) EVP John F. Slusher Sells 125,722 Shares

Nike Inc (NYSE:NKE) EVP John F. Slusher sold 125,722 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $63.17, for a total transaction of $7,941,858.74. Following the sale, the executive vice president now owns 268,169 shares of the company’s stock, valued at approximately $16,940,235.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Nike Inc (NYSE:NKE) opened at $68.04 on Monday. Nike Inc has a 52 week low of $50.35 and a 52 week high of $68.64. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The firm has a market cap of $111,010.00, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. equities research analysts predict that Nike Inc will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were issued a dividend of $0.20 per share. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, December 1st. Nike’s dividend payout ratio (DPR) is currently 34.63%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Trust Co. boosted its holdings in Nike by 4.9% during the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after purchasing an additional 10,840 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Nike by 651.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after purchasing an additional 23,450 shares during the last quarter. Royal Bank of Scotland Group PLC boosted its holdings in Nike by 6.2% during the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after purchasing an additional 12,201 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in Nike by 4.3% during the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after purchasing an additional 4,030 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Nike by 2.0% during the third quarter. Amalgamated Bank now owns 159,323 shares of the footwear maker’s stock worth $8,261,000 after purchasing an additional 3,189 shares during the last quarter. Hedge funds and other institutional investors own 62.86% of the company’s stock.

NKE has been the subject of a number of research analyst reports. Deutsche Bank set a $61.00 target price on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, October 26th. Buckingham Research set a $64.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Citigroup restated a “buy” rating and set a $65.00 price objective on shares of Nike in a research note on Monday, October 16th. Robert W. Baird reaffirmed a “buy” rating on shares of Nike in a report on Friday, October 13th. Finally, Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $58.95 target price on the stock in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $64.94.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Insider Buying and Selling by Quarter for Nike (NYSE:NKE)

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