Nike Inc (NYSE:NKE) EVP Monique S. Matheson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $83.15, for a total value of $1,413,550.00. Following the sale, the executive vice president now directly owns 104,737 shares of the company’s stock, valued at $8,708,881.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NYSE NKE traded up $0.37 on Wednesday, hitting $83.00. 5,383,700 shares of the company’s stock were exchanged, compared to its average volume of 7,099,180. The company has a current ratio of 2.51, a quick ratio of 1.63 and a debt-to-equity ratio of 0.35. Nike Inc has a fifty-two week low of $50.35 and a fifty-two week high of $83.68. The stock has a market capitalization of $128.52 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.68 and a beta of 0.70.

Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, June 28th. The footwear maker reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $9.79 billion for the quarter, compared to analysts’ expectations of $9.40 billion. Nike had a return on equity of 36.57% and a net margin of 5.31%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. equities analysts forecast that Nike Inc will post 2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Tuesday, September 4th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, August 31st. Nike’s dividend payout ratio is currently 33.06%.

Nike announced that its board has authorized a share repurchase program on Thursday, June 28th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the footwear maker to buy up to 12.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Several research firms have commented on NKE. Morgan Stanley set a $88.00 price objective on Nike and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity raised Nike from a “hold” rating to a “buy” rating and upped their price objective for the company from $78.00 to $95.00 in a research note on Tuesday. Wells Fargo & Co set a $82.00 price objective on Nike and gave the company a “hold” rating in a research note on Monday. Wedbush upped their price objective on Nike from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Macquarie set a $87.00 price objective on Nike and gave the company a “buy” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $80.21.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LLC acquired a new stake in shares of Nike in the 2nd quarter worth approximately $882,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Nike in the 2nd quarter worth approximately $1,039,000. Chicago Partners Investment Group LLC grew its holdings in shares of Nike by 11.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,146 shares of the footwear maker’s stock worth $808,000 after acquiring an additional 1,036 shares during the period. WealthTrust Fairport LLC grew its holdings in shares of Nike by 3.9% in the 2nd quarter. WealthTrust Fairport LLC now owns 44,385 shares of the footwear maker’s stock worth $3,537,000 after acquiring an additional 1,646 shares during the period. Finally, BDO Wealth Advisors LLC grew its holdings in shares of Nike by 1,044.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock worth $111,000 after acquiring an additional 1,274 shares during the period. Institutional investors and hedge funds own 63.99% of the company’s stock.

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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Insider Buying and Selling by Quarter for Nike (NYSE:NKE)

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