NIKE, Inc. (NKE) To Go Ex-Dividend on June 1st

NIKE, Inc. (NYSE:NKE) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.41 per share by the footwear maker on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st.

NIKE has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. NIKE has a dividend payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NIKE to earn $1.88 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 87.2%.

NIKE Price Performance

NKE stock opened at $43.03 on Wednesday. NIKE has a 52-week low of $42.09 and a 52-week high of $80.17. The stock’s fifty day simple moving average is $50.94 and its 200-day simple moving average is $59.47. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $63.73 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.12.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that NIKE will post 1.51 EPS for the current year.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average price of $43.34 per share, with a total value of $173,360.00. Following the transaction, the director owned 41,022 shares in the company, valued at $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Holmes Swan purchased 11,781 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 64,441 shares of company stock worth $2,734,204 in the last quarter. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC raised its position in NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares during the period. Spirepoint Private Client LLC boosted its position in shares of NIKE by 0.4% in the third quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after buying an additional 153 shares during the period. Diligent Investors LLC boosted its position in shares of NIKE by 4.3% in the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock worth $237,000 after buying an additional 153 shares during the period. CVA Family Office LLC grew its stake in shares of NIKE by 8.0% in the third quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after buying an additional 156 shares in the last quarter. Finally, Naples Global Advisors LLC grew its stake in shares of NIKE by 1.9% in the third quarter. Naples Global Advisors LLC now owns 8,514 shares of the footwear maker’s stock valued at $597,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).