Nike Inc. (NYSE:NKE) EVP Hilary K. Krane sold 100,000 shares of Nike stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $56.99, for a total transaction of $5,699,000.00. Following the sale, the executive vice president now directly owns 310,795 shares of the company’s stock, valued at approximately $17,712,207.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several research firms have recently weighed in on NKE. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price target on shares of Nike in a research note on Saturday, April 9th. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $66.07 price target for the company in a research note on Friday, April 29th. B. Riley reaffirmed a “buy” rating and set a $66.00 price target on shares of Nike in a research note on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Nike in a research note on Sunday, July 17th. Finally, Canaccord Genuity reaffirmed a “neutral” rating and set a $56.00 price target (down previously from $57.00) on shares of Nike in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have issued a buy rating to the stock. Nike currently has an average rating of “Buy” and an average price target of $66.70.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Monday, June 6th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, June 2nd. This represents a $0.64 annualized dividend and a yield of 1.14%.
Nike (NYSE:NKE) last released its quarterly earnings data on Tuesday, June 28th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.28 billion. Nike’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that Nike Inc. will post $2.40 EPS for the current year.
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.
