1 week Ago By ABMN Staff
NIKE, Inc. ( NYSE:NKE – Get Free Report ) Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.
46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.
18. This represents a 36.78 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . NIKE Stock Down 4.8 % Shares of NYSE:NKE opened at $52.
95 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.
51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $78.
31 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 2.52 and a beta of 1.
15. The stock’s 50-day moving average price is $71.65 and its two-hundred day moving average price is $75.
69. NIKE, Inc. has a 12-month low of $52.
37 and a 12-month high of $98.04. NIKE ( NYSE:NKE – Get Free Report ) last released its earnings results on Thursday, March 20th.
The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.
26. NIKE had a net margin of 9.98% and a return on equity of 36.
99%. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.
02 billion. During the same period last year, the company earned $0.98 earnings per share.
The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, research analysts forecast that NIKE, Inc.
will post 2.05 EPS for the current year. NIKE Dividend Announcement Institutional Inflows and Outflows Several large investors have recently made changes to their positions in the company.
Range Financial Group LLC purchased a new position in shares of NIKE in the 4th quarter worth about $642,000. Cacti Asset Management LLC purchased a new position in NIKE in the fourth quarter valued at approximately $9,987,000. Capricorn Fund Managers Ltd purchased a new position in NIKE in the fourth quarter valued at approximately $5,384,000.
Klein Pavlis & Peasley Financial Inc. lifted its position in NIKE by 31.1% during the fourth quarter.
Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after buying an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its stake in NIKE by 5,745.
9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after buying an additional 8,504 shares during the period. 64.
25% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $92.
00 to $82.00 and set a “buy” rating for the company in a report on Monday, December 16th. Needham & Company LLC dropped their target price on shares of NIKE from $84.
00 to $80.00 and set a “buy” rating for the company in a report on Monday, March 17th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd.
UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, March 21st.
Finally, Evercore ISI dropped their price objective on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th.
Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.
38. Read Our Latest Stock Analysis on NIKE 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.
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