Nike Inc (NKE) EVP Sells $5,600,000.00 in Stock
Nike Inc (NYSE:NKE) EVP John F. Slusher sold 100,000 shares of Nike stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $56.00, for a total transaction of $5,600,000.00. Following the completion of the sale, the executive vice president now directly owns 209,165 shares of the company’s stock, valued at $11,713,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Nike Inc (NYSE:NKE) opened at 56.40 on Friday. Nike Inc has a 1-year low of $49.01 and a 1-year high of $60.33. The firm has a market capitalization of $93.10 billion, a price-to-earnings ratio of 23.53 and a beta of 0.44. The company has a 50-day moving average of $56.25 and a 200-day moving average of $53.47.
Nike (NYSE:NKE) last issued its earnings results on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.15. Nike had a return on equity of 31.70% and a net margin of 11.60%. The company had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same period last year, the business earned $0.55 EPS. Nike’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Nike Inc will post $2.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Monday, March 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, March 2nd. Nike’s dividend payout ratio is currently 31.72%.
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Several institutional investors have recently modified their holdings of NKE. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Nike during the fourth quarter worth about $10,508,000. Clarius Group LLC purchased a new position in shares of Nike during the fourth quarter worth about $111,000. Gierl Augustine Investment Management Inc boosted its position in shares of Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock worth $118,000 after buying an additional 107 shares in the last quarter. Asset Planning Services Ltd. purchased a new position in shares of Nike during the first quarter worth about $118,000. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Nike during the fourth quarter worth about $120,000. Institutional investors own 62.23% of the company’s stock.
NKE has been the subject of several research reports. Canaccord Genuity reissued a “hold” rating and set a $51.00 price objective on shares of Nike in a research note on Friday, December 23rd. B. Riley reiterated a “neutral” rating and issued a $56.00 price objective on shares of Nike in a report on Monday, December 26th. Stifel Nicolaus set a $68.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Sunday, December 25th. Deutsche Bank AG set a $65.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Sunday, December 25th. Finally, JPMorgan Chase & Co. set a $57.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Tuesday, December 27th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $60.66.
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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