Nike Inc (NYSE:NKE) EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 23,248 shares in the company, valued at $1,511,120. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Nike Inc (NKE) traded up $0.07 during midday trading on Thursday, hitting $64.29. The stock had a trading volume of 5,049,600 shares, compared to its average volume of 9,580,000. 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 company has a market capitalization of $104,890.00, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64. Nike Inc has a 1 year low of $50.35 and a 1 year high of $65.18.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. sell-side analysts forecast that Nike Inc will post 2.25 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on NKE. Citigroup reiterated a “buy” rating and issued a $74.00 price objective on shares of Nike in a research report on Tuesday, December 19th. Canaccord Genuity lifted their price objective on Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Nike from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, December 19th. Telsey Advisory Group raised their target price on Nike from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Finally, Buckingham Research raised their target price on Nike from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-two have issued a buy rating to the stock. Nike currently has a consensus rating of “Hold” and a consensus target price of $64.39.
Several institutional investors and hedge funds have recently modified their holdings of NKE. Noesis Capital Mangement Corp grew its position in shares of Nike by 3.6% during the 1st quarter. Noesis Capital Mangement Corp now owns 150,712 shares of the footwear maker’s stock valued at $8,399,000 after acquiring an additional 5,305 shares during the period. Robecosam AG raised its position in shares of Nike by 24.6% during the 1st quarter. Robecosam AG now owns 72,760 shares of the footwear maker’s stock valued at $4,077,000 after buying an additional 14,379 shares during the period. Cibc World Markets Corp raised its position in shares of Nike by 48.3% during the 1st quarter. Cibc World Markets Corp now owns 353,604 shares of the footwear maker’s stock valued at $19,706,000 after buying an additional 115,115 shares during the period. Neuberger Berman Group LLC raised its position in Nike by 43.5% in the first quarter. Neuberger Berman Group LLC now owns 2,209,161 shares of the footwear maker’s stock valued at $123,117,000 after purchasing an additional 670,079 shares during the period. Finally, Mastrapasqua Asset Management Inc. raised its position in Nike by 2.5% in the first quarter. Mastrapasqua Asset Management Inc. now owns 163,367 shares of the footwear maker’s stock valued at $9,104,000 after purchasing an additional 3,982 shares during the period. Hedge funds and other institutional investors own 62.67% of the company’s stock.
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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