Nike Inc (NYSE:NKE) Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total value of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $114,641,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nike Inc (NYSE:NKE) traded up $0.35 during mid-day trading on Thursday, hitting $67.38. 1,030,348 shares of the stock were exchanged, compared to its average volume of 7,764,468. Nike Inc has a 52 week low of $50.35 and a 52 week high of $70.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. The firm has a market cap of $109,360.00, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68.
Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts expect that Nike Inc will post 2.26 earnings per share for the current year.
Several equities analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price target on shares of Nike in a report on Friday, December 22nd. Macquarie set a $72.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday, January 11th. Cowen set a $64.00 price target on Nike and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, UBS Group set a $76.00 price target on Nike and gave the stock a “buy” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.61.
Several institutional investors have recently modified their holdings of NKE. Field & Main Bank acquired a new position in shares of Nike during the 4th quarter worth approximately $100,000. Wagner Wealth Management LLC acquired a new position in shares of Nike during the 4th quarter worth approximately $103,000. G&S Capital LLC purchased a new stake in Nike in the 4th quarter worth approximately $112,000. Willingdon Wealth Management purchased a new stake in Nike in the 3rd quarter worth approximately $114,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Nike in the 4th quarter worth approximately $116,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.
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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.
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