Nike Inc. (NYSE:NKE) declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Monday, December 5th will be paid a dividend of 0.18 per share by the footwear maker on Tuesday, January 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.16.

Nike (NYSE:NKE) opened at 50.63 on Wednesday. Nike has a 12 month low of $49.01 and a 12 month high of $68.19. The stock has a market cap of $84.32 billion, a P/E ratio of 22.85 and a beta of 0.48. The stock has a 50 day moving average of $51.15 and a 200-day moving average of $54.58.

Nike (NYSE:NKE) last released its earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. Nike had a return on equity of 30.56% and a net margin of 11.60%. The company earned $9.06 billion during the quarter. During the same period last year, the business posted $1.34 EPS. Nike’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Nike will post $2.37 EPS for the current fiscal year.

Dividend History for Nike (NYSE:NKE)

A number of research analysts have recently weighed in on NKE shares. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $57.56 price target for the company in a research report on Tuesday, October 18th. Deutsche Bank AG restated a “buy” rating and issued a $75.00 price target on shares of Nike in a research report on Sunday, September 25th. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Morgan Stanley restated a “hold” rating and issued a $60.00 price target on shares of Nike in a research report on Wednesday, September 21st. Finally, Canaccord Genuity dropped their price target on Nike from $52.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $63.43.

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In other news, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $49.78, for a total transaction of $7,467,000.00. Following the completion of the sale, the chairman now directly owns 1,985,225 shares of the company’s stock, valued at $98,824,500.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Lechleiter bought 1,000 shares of Nike stock in a transaction dated Friday, September 30th. The shares were bought at an average cost of $52.72 per share, with a total value of $52,720.00. Following the completion of the acquisition, the director now owns 27,560 shares of the company’s stock, valued at $1,452,963.20. The disclosure for this purchase can be found here. 3.90% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Blue Edge Capital LLC increased its stake in shares of Nike by 0.6% in the second quarter. Blue Edge Capital LLC now owns 23,501 shares of the footwear maker’s stock valued at $1,297,000 after buying an additional 146 shares in the last quarter. Roundview Capital LLC increased its stake in shares of Nike by 0.5% in the second quarter. Roundview Capital LLC now owns 33,955 shares of the footwear maker’s stock valued at $1,874,000 after buying an additional 165 shares in the last quarter. ARGI Investment Services LLC increased its stake in shares of Nike by 5.8% in the second quarter. ARGI Investment Services LLC now owns 3,663 shares of the footwear maker’s stock valued at $202,000 after buying an additional 202 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of Nike by 2.9% in the second quarter. Ancora Advisors LLC now owns 8,706 shares of the footwear maker’s stock valued at $481,000 after buying an additional 247 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC increased its stake in shares of Nike by 0.6% in the second quarter. Hamilton Point Investment Advisors LLC now owns 45,823 shares of the footwear maker’s stock valued at $2,529,000 after buying an additional 275 shares in the last quarter. 61.15% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:NKE

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