Nike Inc (NKE) EVP John F. Slusher Sells 100,000 Shares

Nike Inc (NYSE:NKE) EVP John F. Slusher sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the sale, the executive vice president now directly owns 268,169 shares in the company, valued at approximately $16,918,782.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Nike Inc (NYSE:NKE) traded down $0.04 during trading hours on Friday, reaching $63.44. 5,779,900 shares of the company traded hands, compared to its average volume of 6,127,300. The firm has a market capitalization of $104,070.00, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. Nike Inc has a 52-week low of $50.35 and a 52-week high of $65.18. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts predict that Nike Inc will post 2.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is presently 34.63%.

Several analysts have weighed in on NKE shares. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 target price on the stock in a research report on Wednesday, October 4th. Susquehanna Bancshares reissued a “hold” rating and set a $57.00 target price on shares of Nike in a research report on Wednesday, December 13th. DA Davidson boosted their target price on shares of Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price objective (down from $51.00) on shares of Nike in a report on Wednesday, September 27th. Finally, Instinet reaffirmed a “buy” rating and issued a $62.00 price objective (up from $59.00) on shares of Nike in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.09.

Hedge funds have recently added to or reduced their stakes in the business. Willingdon Wealth Management purchased a new position in Nike in the 3rd quarter valued at $114,000. Asset Planning Services Ltd. grew its position in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new position in Nike in the 2nd quarter valued at $136,000. Howe & Rusling Inc. grew its position in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares during the last quarter. Finally, Kistler Tiffany Companies LLC grew its position in Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the last quarter. 62.67% of the stock is currently owned by institutional investors.

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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.

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

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