NIKE (NYSE:NKE) EVP Treasure Heinle Sells 4,300 Shares

NIKE, Inc. (NYSE:NKE) EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NIKE Trading Down 3.0%

Shares of NKE stock opened at $69.03 on Wednesday. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The company has a 50-day simple moving average of $74.28 and a two-hundred day simple moving average of $67.28. The company has a market capitalization of $101.95 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.61 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NKE shares. Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the company a “hold” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, June 20th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of NIKE in a research report on Saturday, September 27th. Finally, Hsbc Global Res raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

Institutional Trading of NIKE

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Merit Financial Group LLC lifted its stake in NIKE by 26.2% in the 1st quarter. Merit Financial Group LLC now owns 10,526 shares of the footwear maker’s stock worth $668,000 after purchasing an additional 2,187 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in NIKE by 1.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 17,738 shares of the footwear maker’s stock worth $1,126,000 after purchasing an additional 246 shares in the last quarter. UMB Bank n.a. lifted its stake in NIKE by 284.4% in the 1st quarter. UMB Bank n.a. now owns 104,946 shares of the footwear maker’s stock worth $6,662,000 after purchasing an additional 77,643 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of NIKE by 12.1% during the 1st quarter. Park Avenue Securities LLC now owns 16,705 shares of the footwear maker’s stock valued at $1,060,000 after buying an additional 1,806 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.