NIKE, Inc. (NYSE:NKE - Get Free Report) EVP Monique S. Matheson sold 45,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NIKE Stock Performance
Shares of NKE stock opened at $93.59 on Thursday. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $126.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market cap of $141.26 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07. The stock's 50-day moving average is $95.28 and its two-hundred day moving average is $102.91.
NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.
NIKE Announces Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE's payout ratio is currently 43.53%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on NKE shares. Robert W. Baird cut their target price on NIKE from $140.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. The Goldman Sachs Group reduced their price objective on shares of NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Sanford C. Bernstein cut their target price on NIKE from $134.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Finally, Citigroup lowered their target price on NIKE from $135.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $116.26.
Check Out Our Latest Stock Analysis on NKE
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NKE. Verdence Capital Advisors LLC increased its stake in shares of NIKE by 15.0% during the third quarter. Verdence Capital Advisors LLC now owns 4,028 shares of the footwear maker's stock worth $385,000 after acquiring an additional 525 shares during the period. FORVIS Wealth Advisors LLC boosted its position in NIKE by 3.7% during the third quarter. FORVIS Wealth Advisors LLC now owns 7,650 shares of the footwear maker's stock worth $731,000 after acquiring an additional 270 shares during the last quarter. Altfest L J & Co. Inc. raised its holdings in NIKE by 6.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 6,494 shares of the footwear maker's stock valued at $621,000 after acquiring an additional 366 shares during the last quarter. Graypoint LLC lifted its stake in shares of NIKE by 3.3% during the 3rd quarter. Graypoint LLC now owns 6,218 shares of the footwear maker's stock worth $595,000 after purchasing an additional 201 shares during the period. Finally, Conning Inc. boosted its holdings in shares of NIKE by 3.6% during the third quarter. Conning Inc. now owns 50,033 shares of the footwear maker's stock worth $4,784,000 after purchasing an additional 1,761 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.
NIKE Company Profile
(
Get Free Report)
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
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