Insider Selling: Nike Inc (NYSE:NKE) CFO Sells 6,301 Shares of Stock
Nike Inc (NYSE:NKE) CFO Andrew Campion sold 6,301 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $86.96, for a total value of $547,934.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nike stock traded down $0.35 during trading on Friday, reaching $87.32. 5,894,606 shares of the stock were exchanged, compared to its average volume of 6,385,364. 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 stock’s fifty day moving average is $83.77 and its 200 day moving average is $84.72. The firm has a market cap of $136.05 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. Nike Inc has a 1 year low of $66.53 and a 1 year high of $90.00.
Nike (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities analysts forecast that Nike Inc will post 2.9 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Nike during the first quarter worth about $25,000. Shamrock Asset Management LLC purchased a new stake in Nike in the first quarter worth about $25,000. Thor Advisors LLC purchased a new stake in Nike in the first quarter worth about $26,000. Mackey Komara & Dankovich LLC purchased a new stake in Nike in the first quarter worth about $30,000. Finally, Hexavest Inc. purchased a new stake in Nike in the second quarter worth about $30,000. Institutional investors own 65.09% of the company’s stock.
NKE has been the topic of a number of research analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $97.00 target price on shares of Nike in a research note on Friday, June 28th. Piper Jaffray Companies set a $97.00 target price on Nike and gave the company a “buy” rating in a research note on Friday, June 28th. Macquarie set a $89.00 target price on Nike and gave the company a “buy” rating in a research note on Friday, June 28th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Nike in a research note on Friday, August 23rd. Finally, Bank of America raised Nike to an “underperform” rating and raised their price objective for the company from $60.00 to $70.00 in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. Nike presently has an average rating of “Buy” and an average price target of $90.39.
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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