NIKE, Inc. (NYSE:NKE) COO Sells $671,673.24 in Stock

NIKE, Inc. (NYSE:NKEGet Rating) COO Andrew Campion sold 5,922 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $113.42, for a total transaction of $671,673.24. Following the sale, the chief operating officer now directly owns 75,295 shares of the company’s stock, valued at approximately $8,539,958.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Andrew Campion also recently made the following trade(s):

  • On Friday, June 3rd, Andrew Campion sold 14,203 shares of NIKE stock. The stock was sold at an average price of $120.61, for a total transaction of $1,713,023.83.

NIKE Stock Performance

Shares of NIKE stock traded down $0.61 during trading on Friday, hitting $113.87. 4,161,685 shares of the stock were exchanged, compared to its average volume of 7,204,638. The stock’s fifty day moving average is $110.39 and its 200 day moving average is $123.70. The stock has a market cap of $178.61 billion, a PE ratio of 30.28, a P/E/G ratio of 2.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.84 and a current ratio of 2.63. NIKE, Inc. has a 12 month low of $99.53 and a 12 month high of $179.10.

NIKE (NYSE:NKEGet Rating) last released its quarterly earnings results on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The business had revenue of $12.20 billion during the quarter, compared to analyst estimates of $12.10 billion. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts anticipate that NIKE, Inc. will post 3.82 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 1.07%. NIKE’s dividend payout ratio is presently 32.45%.

NIKE declared that its Board of Directors has initiated a share buyback plan on Monday, June 27th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the footwear maker to reacquire up to 11% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NKE. Guggenheim dropped their price objective on shares of NIKE from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Seaport Res Ptn cut shares of NIKE from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd. UBS Group decreased their price objective on shares of NIKE from $168.00 to $156.00 in a report on Friday, July 15th. KeyCorp started coverage on shares of NIKE in a report on Wednesday, July 20th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus reduced their target price on shares of NIKE from $135.00 to $130.00 in a report on Wednesday, July 20th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.08.

Hedge Funds Weigh In On NIKE

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prestige Wealth Management Group LLC grew its position in NIKE by 3.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,292 shares of the footwear maker’s stock valued at $382,000 after buying an additional 70 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in NIKE by 0.5% in the 4th quarter. Resources Management Corp CT ADV now owns 15,025 shares of the footwear maker’s stock valued at $2,504,000 after acquiring an additional 71 shares during the last quarter. Cavalier Investments LLC boosted its position in shares of NIKE by 0.7% during the 4th quarter. Cavalier Investments LLC now owns 10,217 shares of the footwear maker’s stock valued at $1,703,000 after purchasing an additional 72 shares in the last quarter. Capital Analysts LLC boosted its holdings in NIKE by 3.2% during the fourth quarter. Capital Analysts LLC now owns 2,353 shares of the footwear maker’s stock worth $392,000 after buying an additional 72 shares in the last quarter. Finally, Vectors Research Management LLC grew its position in NIKE by 11.3% in the fourth quarter. Vectors Research Management LLC now owns 708 shares of the footwear maker’s stock worth $118,000 after buying an additional 72 shares during the last quarter. Institutional investors own 65.35% of the company’s stock.

NIKE Company Profile

(Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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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Insider Buying and Selling by Quarter for NIKE (NYSE:NKE)

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