Nike, Inc. (NYSE:NKE) CFO Andrew Campion sold 96,243 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $56.68, for a total transaction of $5,455,053.24. Following the sale, the chief financial officer now directly owns 50,246 shares of the company’s stock, valued at $2,847,943.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Nike, Inc. (NYSE NKE) opened at 57.98 on Monday. The firm’s 50-day moving average is $52.82 and its 200 day moving average is $54.25. The firm has a market cap of $95.49 billion, a PE ratio of 23.10 and a beta of 0.60. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.33.
Nike (NYSE:NKE) last posted its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.63 billion. Nike had a return on equity of 34.18% and a net margin of 12.34%. Nike’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities research analysts forecast that Nike, Inc. will post $2.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, June 1st. Nike’s dividend payout ratio (DPR) is 28.69%.
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Several analysts have commented on the stock. Piper Jaffray Companies set a $50.00 price target on shares of Nike and gave the company a “hold” rating in a research report on Saturday, July 1st. MKM Partners reissued a “buy” rating on shares of Nike in a research report on Wednesday, March 22nd. BidaskClub raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Citigroup Inc. reissued a “buy” rating and set a $60.00 price target on shares of Nike in a research report on Wednesday, March 22nd. Finally, Vetr lowered shares of Nike from a “buy” rating to a “hold” rating and set a $54.16 price target for the company. in a research report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $60.45.
Hedge funds have recently bought and sold shares of the stock. Crestwood Advisors Group LLC purchased a new stake in Nike during the first quarter valued at $117,000. Webster Bank N. A. raised its stake in Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after buying an additional 900 shares during the period. Gierl Augustine Investment Management Inc raised its stake in Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock valued at $118,000 after buying an additional 107 shares during the period. Asset Planning Services Ltd. purchased a new stake in Nike during the first quarter valued at $118,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Nike during the fourth quarter valued at $120,000. 64.00% of the stock is currently owned by institutional investors.
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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