NIKE, Inc. (NYSE:NKE – Get Rating) COO Andrew Campion sold 5,922 shares of the company in a trade dated Wednesday, August 3. The shares were sold at an average price of $113.42, for a total value of $671,673.24. Following the transaction, the COO now owns 75,295 shares of the company, valued at $8,539,958.90. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.
Andrew Campion also recently completed the following trade(s):
- On Friday, June 3, Andrew Campion sold 14,203 NIKE shares. The shares were sold at an average price of $120.61, for a total value of $1,713,023.83.
NIKE down 0.5%
Shares of NKE opened at $113.87 on Friday. The company’s 50-day moving average is $110.34 and its two-hundred-day moving average is $123.31. NIKE, Inc. has a 12-month low of $99.53 and a 12-month high of $179.10. The company has a market capitalization of $178.61 billion, a P/E ratio of 30.28, a price-to-earnings growth ratio of 2.40 and a beta of 1.02. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt ratio of 0.58.
NIKE (NYSE:NKE – Get Rating) last announced its results on Monday, June 27. The shoemaker reported earnings per share of $0.90 for the quarter, beating the consensus estimate of $0.81 by $0.09. NIKE had a return on equity of 40.74% and a net margin of 12.94%. The company posted revenue of $12.20 billion for the quarter, versus a consensus estimate of $12.10 billion. During the same period last year, the company posted EPS of $0.93. The company’s revenue was down 0.8% year-over-year. Equity analysts expect NIKE, Inc. to post EPS of 3.82 for the current year.
NIKE announced that its board of directors authorized a stock repurchase plan on Monday, June 27 that sees the company repurchase $18.00 billion in outstanding stock. This repurchase authorization allows the shoemaker to repurchase up to 11% of its inventory through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believe its stock is undervalued.
NIKE announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Shareholders of record on Tuesday, September 6 will receive a dividend of $0.305. The ex-dividend date is Friday, September 2. This represents an annualized dividend of $1.22 and a dividend yield of 1.07%. NIKE’s dividend payout ratio (DPR) is currently 32.45%.
A Wall Street analyst gives his opinion
A number of equity research analysts have published reports on NKE shares. HSBC cut its price target on NIKE from $140.00 to $132.00 and set a “hold” rating on the stock in a Tuesday, June 14 research report. Piper Sandler began covering NIKE in a research report on Wednesday. They issued a “neutral” rating and a price target of $115.00 on the stock. KeyCorp began covering NIKE in a research report on Wednesday, July 20. They issued a “sector weight” rating on the stock. Citigroup cut its price target on NIKE from $123.00 to $116.00 and set a “neutral” rating on the stock in a Tuesday, June 28 research report. Finally, Goldman Sachs Group cut its price target on NIKE from $155.00 to $120.00 and set a “buy” rating on the stock in a Wednesday, June 29 research report. Nine analysts gave the stock a hold rating and twenty gave the company a buy rating. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $139.08.
NIKE Institutional Trade
Institutional investors have recently changed their stake in the company. Retirement Planning Co of New England Inc. bought a new stake in NIKE stock in the fourth quarter worth about $26,000. Aquire Wealth Advisors LLC purchased a new equity stake in NIKE in the fourth quarter worth approximately $26,000. Horan Securities Inc. purchased a new equity stake in NIKE in the fourth quarter worth approximately $29,000. Alpha Paradigm Partners LLC purchased a new equity stake in NIKE in the fourth quarter worth approximately $31,000. Finally, FNY Investment Advisers LLC purchased a new equity stake in NIKE in the first quarter worth approximately $26,000. 65.35% of the shares are currently held by hedge funds and other institutional investors.
NIKE Company Profile
(Get a rating)
NIKE, Inc., together with its subsidiaries, designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for men, women and children worldwide. The Company provides athletic and recreational footwear, apparel and accessories under the Jumpman brand; and casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell brands.
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