Nike Inc (NYSE:NKE) Declares Quarterly Dividend of $0.25

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Nike Inc (NYSE:NKE) announced a quarterly dividend on Thursday, November 14th, RTT News reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.245 per share by the footwear maker on Thursday, January 2nd. This represents a $0.98 annualized dividend and a dividend yield of 1.07%. This is an increase from Nike’s previous quarterly dividend of $0.22.

Shares of NKE stock opened at $91.27 on Friday. The firm has a fifty day moving average of $92.10 and a 200-day moving average of $86.38. The company has a quick ratio of 1.29, a current ratio of 2.01 and a debt-to-equity ratio of 0.67. Nike has a 12-month low of $66.53 and a 12-month high of $96.87. The company has a market capitalization of $139.71 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.30 and a beta of 0.83.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.15. Nike had a net margin of 10.81% and a return on equity of 47.92%. The company had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Nike will post 2.97 EPS for the current year.

In other news, CAO Hilary K. Krane sold 32,500 shares of Nike stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $89.30, for a total value of $2,902,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monique S. Matheson sold 17,000 shares of Nike stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $89.83, for a total transaction of $1,527,110.00. The disclosure for this sale can be found here. In the last three months, insiders sold 436,445 shares of company stock valued at $40,260,653. Insiders own 3.80% of the company’s stock.

Several equities research analysts have recently issued reports on NKE shares. Susquehanna Bancshares set a $106.00 price objective on shares of Nike and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Exane BNP Paribas started coverage on shares of Nike in a research report on Friday, October 4th. They set an “underperform” rating and a $82.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Nike from $80.00 to $97.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. Citigroup increased their price objective on shares of Nike from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Argus increased their price objective on shares of Nike from $94.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the company. Nike currently has an average rating of “Buy” and a consensus price target of $97.40.

Nike Company Profile

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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Dividend History for Nike (NYSE:NKE)

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