Nike Inc (NKE) COO Eric D. Sprunk Sells 226,040 Shares

Nike Inc (NYSE:NKE) COO Eric D. Sprunk sold 226,040 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $63.10, for a total value of $14,263,124.00. Following the transaction, the chief operating officer now directly owns 165,591 shares in the company, valued at $10,448,792.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Nike Inc (NYSE:NKE) opened at $62.55 on Monday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a 1 year low of $50.35 and a 1 year high of $65.18. The firm has a market capitalization of $102,051.38, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.83 and a beta of 0.64.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the company earned $0.50 EPS. Nike’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts predict that Nike Inc will post 2.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a dividend of $0.20 per share. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio is currently 34.63%.

A number of institutional investors and hedge funds have recently modified their holdings of NKE. Mirador Capital Partners LP acquired a new position in Nike in the 1st quarter worth about $252,000. Northwest Quadrant Wealth Management LLC increased its holdings in Nike by 22.3% in the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 6,581 shares of the footwear maker’s stock worth $357,000 after purchasing an additional 1,200 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Nike by 1.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 221,559 shares of the footwear maker’s stock worth $12,348,000 after purchasing an additional 3,936 shares in the last quarter. Ngam Advisors L.P. increased its holdings in Nike by 6.0% in the 1st quarter. Ngam Advisors L.P. now owns 134,672 shares of the footwear maker’s stock worth $7,506,000 after purchasing an additional 7,572 shares in the last quarter. Finally, Sustainable Growth Advisers LP increased its holdings in Nike by 14.9% in the 1st quarter. Sustainable Growth Advisers LP now owns 4,095,256 shares of the footwear maker’s stock worth $228,229,000 after purchasing an additional 530,409 shares in the last quarter. 62.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. Citigroup reissued a “buy” rating and set a $74.00 target price on shares of Nike in a report on Tuesday, December 19th. Canaccord Genuity boosted their target price on Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research raised Nike from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, December 19th. Telsey Advisory Group boosted their target price on Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Finally, Buckingham Research boosted their target price on Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.84.

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Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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

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