Nike Inc (NYSE:NKE) Insider Sells $240,879.20 in Stock

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Nike Inc (NYSE:NKE) insider Elliott Hill sold 2,770 shares of Nike stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $86.96, for a total value of $240,879.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Elliott Hill also recently made the following trade(s):

  • On Friday, July 26th, Elliott Hill sold 3,228 shares of Nike stock. The shares were sold at an average price of $87.07, for a total transaction of $281,061.96.
  • On Tuesday, July 9th, Elliott Hill sold 34,100 shares of Nike stock. The shares were sold at an average price of $88.34, for a total transaction of $3,012,394.00.

NKE traded down $0.35 on Friday, reaching $87.32. The company’s stock had a trading volume of 5,894,605 shares, compared to its average volume of 6,385,364. The stock has a 50 day moving average of $83.77 and a two-hundred day moving average of $84.72. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $136.05 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.30 and a beta of 0.79. Nike Inc has a fifty-two week low of $66.53 and a fifty-two week high of $90.00.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.15 billion. Nike had a net margin of 10.30% and a return on equity of 45.12%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. As a group, analysts anticipate that Nike Inc will post 2.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, August 30th. Nike’s dividend payout ratio (DPR) is 35.34%.

Several brokerages recently issued reports on NKE. Wedbush restated an “outperform” rating and issued a $96.00 price objective on shares of Nike in a report on Tuesday. Stifel Nicolaus set a $96.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Wednesday, August 7th. Goldman Sachs Group set a $83.00 price objective on shares of Nike and gave the company a “neutral” rating in a report on Monday, July 1st. Pivotal Research set a $101.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Friday, June 28th. Finally, UBS Group set a $87.00 price objective on shares of Nike and gave the company a “neutral” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $90.39.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ibex Wealth Advisors acquired a new stake in shares of Nike in the first quarter valued at approximately $1,599,000. Menta Capital LLC acquired a new stake in shares of Nike in the first quarter valued at approximately $286,000. Icon Advisers Inc. Co. boosted its holdings in shares of Nike by 10.9% in the first quarter. Icon Advisers Inc. Co. now owns 193,453 shares of the footwear maker’s stock valued at $16,291,000 after acquiring an additional 19,030 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in shares of Nike in the first quarter valued at approximately $212,000. Finally, Shulman DeMeo Asset Management LLC acquired a new stake in shares of Nike in the first quarter valued at approximately $210,000. 65.09% of the stock is 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, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Insider Buying and Selling by Quarter for Nike (NYSE:NKE)

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