2 weeks Ago By ABMN Staff
NIKE, Inc. ( NYSE:NKE – Get Free Report )’s share price traded up 0.8% on Friday .
The stock traded as high as $90.13 and last traded at $90.10.
2,119,842 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 11,554,713 shares. The stock had previously closed at $89.39.
Analysts Set New Price Targets Several research firms have recently commented on NKE. Guggenheim reduced their price target on shares of NIKE from $130.00 to $115.
00 and set a “buy” rating on the stock in a research report on Friday, June 28th. BMO Capital Markets reduced their target price on NIKE from $118.00 to $100.
00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Wedbush lowered their price target on NIKE from $115.00 to $97.
00 and set an “outperform” rating for the company in a report on Friday, June 28th. HSBC decreased their target price on shares of NIKE from $100.00 to $90.
00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, Barclays lifted their price target on shares of NIKE from $80.00 to $84.
00 and gave the company an “equal weight” rating in a research report on Wednesday, September 18th. Fifteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $96.
52. View Our Latest Report on NKE NIKE Stock Up 0.1 % NIKE ( NYSE:NKE – Get Free Report ) last posted its quarterly earnings data on Thursday, June 27th.
The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.
16. The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.
86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.
10%. The firm’s revenue was down 1.6% compared to the same quarter last year.
During the same period in the prior year, the business earned $0.66 EPS. On average, equities research analysts forecast that NIKE, Inc.
will post 3.04 earnings per share for the current fiscal year. NIKE Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st.
Investors of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. This represents a $1.
48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, September 3rd.
NIKE’s dividend payout ratio is presently 39.68%. Insider Buying and Selling at NIKE In other news, Chairman Mark G.
Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.
00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.
97, for a total value of $8,026,700.00. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.
30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, Chairman Mark G.
Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.
00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The disclosure for this sale can be found here .
0.50% of the stock is currently owned by corporate insiders. Hedge Funds Weigh In On NIKE Large investors have recently made changes to their positions in the stock.
Price T Rowe Associates Inc. MD increased its holdings in NIKE by 87.5% in the fourth quarter.
Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after buying an additional 7,996,434 shares in the last quarter. Capital International Investors increased its stake in NIKE by 34.
9% in the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after purchasing an additional 7,143,775 shares in the last quarter. Longview Partners Guernsey LTD purchased a new position in NIKE in the 1st quarter valued at approximately $533,533,000.
Capital World Investors raised its holdings in NIKE by 612.2% during the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after purchasing an additional 4,457,376 shares during the last quarter.
Finally, Jennison Associates LLC boosted its position in NIKE by 45.6% during the first quarter. Jennison Associates LLC now owns 8,859,580 shares of the footwear maker’s stock worth $832,623,000 after purchasing an additional 2,775,510 shares in the last quarter.
Hedge funds and other institutional investors own 64.25% of the company’s stock. NIKE Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter .
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