News coverage about Nike (NYSE:NKE) has been trending somewhat positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nike earned a media sentiment score of 1.82 on their scale. InfoTrie also assigned news articles about the footwear maker an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Nike’s analysis:

NKE opened at $72.52 on Tuesday. The firm has a market cap of $118.70 billion, a P/E ratio of 29.97, a PEG ratio of 2.34 and a beta of 0.77. Nike has a twelve month low of $57.98 and a twelve month high of $86.04. The company has a quick ratio of 1.53, a current ratio of 2.31 and a debt-to-equity ratio of 0.39.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.92 billion. Nike had a net margin of 5.57% and a return on equity of 40.69%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. Equities analysts forecast that Nike will post 2.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Nike’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 30th. Nike’s dividend payout ratio (DPR) is presently 33.06%.

Several equities analysts recently commented on NKE shares. Goldman Sachs Group set a $83.00 price target on shares of Nike and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Guggenheim upped their price target on shares of Nike to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. HSBC set a $92.00 price target on shares of Nike and gave the stock a “buy” rating in a research report on Thursday, September 6th. Susquehanna Bancshares raised shares of Nike from a “neutral” rating to a “positive” rating and upped their price target for the stock from $78.00 to $93.00 in a research report on Monday, August 20th. Finally, Wells Fargo & Co set a $82.00 price target on shares of Nike and gave the stock a “neutral” rating in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-four have issued a buy rating to the stock. Nike presently has an average rating of “Buy” and a consensus price target of $85.74.

In related news, EVP Monique S. Matheson sold 17,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $83.15, for a total transaction of $1,413,550.00. Following the completion of the sale, the executive vice president now directly owns 104,737 shares of the company’s stock, valued at approximately $8,708,881.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $85.05, for a total transaction of $1,360,800.00. Following the sale, the director now directly owns 26,963 shares of the company’s stock, valued at $2,293,203.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $4,219,350. Company insiders own 3.90% of the company’s stock.

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About Nike

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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