News headlines about Nike (NYSE:NKE) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nike earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the footwear maker an impact score of 45.7742456486462 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
Shares of NKE stock traded down $0.45 on Wednesday, hitting $66.35. 5,795,497 shares of the stock traded hands, compared to its average volume of 7,714,790. Nike has a 52-week low of $50.35 and a 52-week high of $70.25. The stock has a market cap of $106,906.16, a PE ratio of 28.72, a PEG ratio of 2.97 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67.
Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. equities analysts expect that Nike will post 2.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Nike’s payout ratio is presently 34.63%.
A number of analysts have recently weighed in on NKE shares. Argus upgraded shares of Nike from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.35 to $64.46 in a report on Thursday, December 14th. Buckingham Research set a $71.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Monday, December 25th. DA Davidson boosted their target price on shares of Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Zacks Investment Research downgraded shares of Nike from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, OTR Global upgraded shares of Nike to a “positive” rating in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.42.
In other news, EVP John F. Slusher sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $63.09, for a total value of $6,309,000.00. Following the completion of the sale, the executive vice president now owns 268,169 shares of the company’s stock, valued at approximately $16,918,782.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total transaction of $14,263,124.00. Following the completion of the sale, the chief operating officer now directly owns 165,591 shares of the company’s stock, valued at approximately $10,448,792.10. The disclosure for this sale can be found here. Insiders sold a total of 912,802 shares of company stock valued at $58,993,107 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.
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Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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