News coverage about Nike (NYSE:NKE) has been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nike earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the footwear maker an impact score of 45.5835894079228 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
NKE traded down $1.31 during mid-day trading on Wednesday, reaching $66.20. 7,383,910 shares of the stock were exchanged, compared to its average volume of 8,019,034. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.66 and a quick ratio of 1.73. The company has a market capitalization of $109,102.52, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.83 and a beta of 0.65. Nike has a 1 year low of $50.35 and a 1 year high of $70.25.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.85 billion. Nike had a net margin of 5.11% and a return on equity of 33.38%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. equities analysts anticipate that Nike will post 2.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, March 2nd. Nike’s dividend payout ratio is 31.87%.
Several research analysts have issued reports on the stock. Canaccord Genuity set a $62.00 price target on shares of Nike and gave the stock a “hold” rating in a report on Sunday, April 8th. ValuEngine upgraded shares of Nike from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. DZ Bank restated a “sell” rating on shares of Nike in a report on Monday, March 26th. Cowen set a $68.00 price target on shares of Nike and gave the stock a “hold” rating in a report on Sunday, March 25th. Finally, TheStreet lowered shares of Nike from a “b+” rating to a “c+” rating in a report on Thursday, March 22nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and a consensus target price of $68.55.
In other Nike news, insider Eric D. Sprunk sold 100,000 shares of Nike stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at approximately $15,372,284.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $114,641,520. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
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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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