NIKE (NKE) Set to Announce Earnings on Monday

NIKE (NYSE:NKE – Get Rating) will be releasing its earnings data after the market closes on Monday, June 27th. Analysts expect NIKE to post earnings of $0.84 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

NIKE (NYSE:NKE – Get Rating) last issued its earnings results on Monday, March 21st. The footwear maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.14. The company had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.61 billion. NIKE had a return on equity of 43.04% and a net margin of 13.06%. NIKE’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. On average, analysts expect NIKE to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:NKE opened at $107.34 on Monday. The firm has a market cap of $168.93 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. NIKE has a fifty-two week low of $103.46 and a fifty-two week high of $179.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.18 and a current ratio of 3.06. The business has a 50 day moving average price of $118.85 and a 200-day moving average price of $136.33.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Monday, June 6th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, June 3rd. NIKE’s dividend payout ratio (DPR) is currently 32.19%.

NKE has been the subject of several research analyst reports. HSBC lowered their price objective on shares of NIKE from $140.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, June 14th. Cowen dropped their price target on NIKE from $192.00 to $144.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft raised their price target on NIKE from $173.00 to $175.00 in a report on Tuesday, March 22nd. The Goldman Sachs Group set a $177.00 target price on shares of NIKE in a report on Tuesday, March 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of NIKE from $160.00 to $150.00 in a report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $166.46.

In related news, CFO Matthew Friend sold 9,032 shares of the business’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $110.52, for a total transaction of $998,216.64. Following the transaction, the chief financial officer now directly owns 51,581 shares in the company, valued at approximately $5,700,732.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Andrew Campion sold 14,203 shares of NIKE stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the completion of the sale, the chief operating officer now owns 73,795 shares of the company’s stock, valued at $8,900,414.95. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Worth Asset Management LLC purchased a new stake in shares of NIKE during the 1st quarter worth about $32,000. EverSource Wealth Advisors LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $212,000. Merit Financial Group LLC increased its position in shares of NIKE by 13.3% in the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after buying an additional 186 shares in the last quarter. Wescott Financial Advisory Group LLC purchased a new position in shares of NIKE during the 1st quarter valued at approximately $231,000. Finally, Lavaca Capital LLC acquired a new stake in NIKE in the 1st quarter valued at $265,000. 65.35% of the stock is currently owned by institutional investors and hedge funds.

About NIKE (Get Rating)

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

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