Nike Inc (NYSE:NKE) EVP John F. Slusher sold 110,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $85.26, for a total transaction of $9,378,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE NKE traded down $2.17 during trading hours on Monday, hitting $78.97. 8,479,493 shares of the stock were exchanged, compared to its average volume of 6,515,641. The company has a market cap of $127.53 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. Nike Inc has a 12-month low of $66.53 and a 12-month high of $90.00. The stock has a 50-day moving average of $85.99. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38.
Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. On average, analysts expect that Nike Inc will post 2.9 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in Nike by 27.0% in the first quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock valued at $1,943,374,000 after buying an additional 4,908,916 shares in the last quarter. American Century Companies Inc. increased its holdings in Nike by 19.7% in the fourth quarter. American Century Companies Inc. now owns 6,357,307 shares of the footwear maker’s stock valued at $471,331,000 after buying an additional 1,047,428 shares in the last quarter. Bessemer Group Inc. increased its holdings in Nike by 40.8% in the second quarter. Bessemer Group Inc. now owns 3,282,717 shares of the footwear maker’s stock valued at $275,583,000 after buying an additional 950,574 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nike by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 17,065,913 shares of the footwear maker’s stock valued at $1,263,116,000 after buying an additional 796,906 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Nike by 151.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,087,961 shares of the footwear maker’s stock valued at $91,253,000 after buying an additional 655,013 shares in the last quarter. 65.68% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on NKE shares. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating and set a $95.00 target price for the company in a report on Monday, May 27th. Morgan Stanley set a $103.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, June 28th. Pivotal Research set a $101.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, June 28th. Macquarie set a $89.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Goldman Sachs Group set a $83.00 target price on shares of Nike and gave the company a “neutral” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $89.86.
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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