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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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.
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