Nike Inc (NYSE:NKE) EVP John F. Slusher sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nike Inc (NYSE NKE) opened at $63.98 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The company has a market cap of $104,380.00, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. Nike Inc has a 12-month low of $50.35 and a 12-month high of $65.18.
Nike (NYSE:NKE) last posted its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. equities research analysts expect that Nike Inc will post 2.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is presently 34.63%.
Several institutional investors have recently modified their holdings of the company. Asset Planning Services Ltd. grew its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares during the last quarter. Stearns Financial Services Group grew its position in shares of Nike by 0.4% in the 2nd quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after buying an additional 17 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its position in shares of Nike by 0.3% in the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after buying an additional 41 shares during the last quarter. Buckingham Asset Management LLC grew its position in shares of Nike by 0.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after buying an additional 45 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC grew its position in shares of Nike by 1.0% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 6,048 shares of the footwear maker’s stock worth $357,000 after buying an additional 61 shares during the last quarter. 62.67% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on NKE. B. Riley restated a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $74.00 target price on shares of Nike in a report on Friday, December 22nd. Buckingham Research began coverage on shares of Nike in a report on Saturday. They issued a “buy” rating and a $72.00 target price for the company. Susquehanna Bancshares restated a “neutral” rating and issued a $64.00 target price on shares of Nike in a report on Tuesday, September 19th. Finally, FBR & Co reiterated a “hold” rating and set a $53.00 price objective on shares of Nike in a report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $64.09.
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Nike Company Profile
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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