Investors sold shares of Nike, Inc. (NYSE:NKE) on strength during trading on Monday. $90.52 million flowed into the stock on the tick-up and $197.99 million flowed out of the stock on the tick-down, for a money net flow of $107.47 million out of the stock. Of all companies tracked, Nike had the 5th highest net out-flow for the day. Nike traded up $0.60 for the day and closed at $53.66

NKE has been the subject of several analyst reports. Vetr lowered shares of Nike from a “buy” rating to a “hold” rating and set a $55.11 target price for the company. in a report on Monday, June 26th. UBS AG reissued a “buy” rating and issued a $62.00 target price (down from $63.00) on shares of Nike in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and issued a $75.00 target price on shares of Nike in a report on Wednesday, June 28th. Deutsche Bank AG increased their target price on shares of Nike from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Telsey Advisory Group increased their target price on shares of Nike from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nike currently has a consensus rating of “Hold” and a consensus price target of $59.04.

The company has a market cap of $87.55 billion, a P/E ratio of 22.84 and a beta of 0.61. The stock’s 50-day moving average is $52.56 and its 200-day moving average is $54.69.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. Equities research analysts expect that Nike, Inc. will post $2.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, August 31st. Nike’s dividend payout ratio is currently 30.64%.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now owns 25,660 shares in the company, valued at approximately $1,371,527. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eric D. Sprunk sold 112,323 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $58.61, for a total value of $6,583,251.03. Following the completion of the transaction, the insider now owns 139,551 shares in the company, valued at approximately $8,179,084.11. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NKE. V Wealth Management LLC purchased a new position in shares of Nike in the 2nd quarter valued at about $100,000. Asset Planning Services Ltd. increased its holdings in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after acquiring an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new position in shares of Nike in the 2nd quarter valued at about $136,000. Howe & Rusling Inc. increased its holdings in shares of Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after acquiring an additional 2,329 shares during the last quarter. Finally, Rational Advisors LLC increased its holdings in shares of Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after acquiring an additional 321 shares during the last quarter. Institutional investors and hedge funds own 62.55% of the company’s stock.

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About Nike

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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