Monique S. Matheson Sells 10,000 Shares of Nike Inc (NKE) Stock
Nike Inc (NYSE:NKE) EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at $1,441,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Nike Inc (NKE) traded up $2.13 during trading hours on Wednesday, hitting $64.30. 16,072,572 shares of the company were exchanged, compared to its average volume of 9,564,624. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $101,007.22, a price-to-earnings ratio of 26.34, a PEG ratio of 2.90 and a beta of 0.64. Nike Inc has a fifty-two week low of $50.35 and a fifty-two week high of $64.46.
Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. analysts forecast that Nike Inc will post 2.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is 34.04%.
Several large investors have recently modified their holdings of NKE. Willingdon Wealth Management bought a new stake in Nike during the third quarter valued at $114,000. Asset Planning Services Ltd. increased its stake in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the last quarter. Atlantic Trust LLC bought a new stake in Nike during the second quarter valued at $136,000. Howe & Rusling Inc. increased its stake in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after purchasing an additional 2,329 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.
NKE has been the topic of a number of recent research reports. Jefferies Group set a $75.00 price target on shares of Nike and gave the company a “buy” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of Nike from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Vetr raised shares of Nike from a “hold” rating to a “buy” rating and set a $59.74 price target on the stock in a research report on Monday, August 21st. Goldman Sachs Group reaffirmed a “buy” rating and set a $58.00 price target (down from $63.00) on shares of Nike in a research report on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of Nike in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.27.
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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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