Nike Inc. (NYSE:NKE) – Stock analysts at B. Riley dropped their Q2 2017 earnings per share estimates for shares of Nike in a research report issued on Monday. B. Riley analyst M. Kummetz now forecasts that the brokerage will post earnings per share of $0.52 for the quarter, down from their prior forecast of $0.53. B. Riley currently has a “Neutral” rating and a $55.00 price objective on the stock. B. Riley also issued estimates for Nike’s Q3 2017 earnings at $0.64 EPS, Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.60 EPS.
Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.17. Nike had a return on equity of 30.27% and a net margin of 11.60%. The firm had revenue of $9.06 billion for the quarter. During the same period in the prior year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year.
Other research analysts have also issued reports about the stock. Brean Capital reduced their price target on shares of Nike from $68.00 to $62.00 in a research report on Wednesday, June 29th. BB&T Corp. restated a “buy” rating and set a $70.00 price target (down from $74.00) on shares of Nike in a research report on Tuesday, June 21st. Buckingham Research restated a “buy” rating and set a $70.00 price target on shares of Nike in a research report on Tuesday, June 21st. Jefferies Group restated a “buy” rating and set a $67.00 price target (down from $74.00) on shares of Nike in a research report on Tuesday, June 21st. Finally, Vetr lowered shares of Nike from a “strong-buy” rating to a “buy” rating and set a $61.63 price target for the company. in a research report on Monday, June 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $64.35.
Nike (NYSE:NKE) opened at 53.388 on Tuesday. The firm’s 50-day moving average price is $56.71 and its 200 day moving average price is $57.30. Nike has a 12-month low of $51.48 and a 12-month high of $68.20. The firm has a market cap of $89.56 billion, a P/E ratio of 24.717 and a beta of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.20%. Nike’s dividend payout ratio (DPR) is presently 28.83%.
In other news, Director John C. Lechleiter acquired 1,000 shares of Nike stock in a transaction dated Friday, July 1st. The stock was purchased at an average cost of $55.09 per share, with a total value of $55,090.00. Following the completion of the purchase, the director now directly owns 23,682 shares in the company, valued at approximately $1,304,641.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F. Slusher sold 72,696 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $57.75, for a total transaction of $4,198,194.00. Following the transaction, the executive vice president now directly owns 231,861 shares of the company’s stock, valued at $13,389,972.75. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. SevenBridge Financial Group LLC bought a new position in Nike during the second quarter valued at $100,000. CapWealth Advisors LLC boosted its position in Nike by 183.3% in the first quarter. CapWealth Advisors LLC now owns 1,700 shares of the footwear maker’s stock valued at $104,000 after buying an additional 1,100 shares during the last quarter. Cribstone Capital Management LLC bought a new position in Nike during the second quarter valued at $106,000. Brick & Kyle Associates boosted its position in Nike by 12.5% in the first quarter. Brick & Kyle Associates now owns 1,800 shares of the footwear maker’s stock valued at $111,000 after buying an additional 200 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its position in Nike by 0.3% in the second quarter. Gierl Augustine Investment Management Inc now owns 2,003 shares of the footwear maker’s stock valued at $111,000 after buying an additional 6 shares during the last quarter. 62.04% of the stock is owned by institutional investors.
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.
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