NIKE, Inc. (NYSE:NKE) Director Robert Holmes Swan Acquires 2,941 Shares of Stock

NIKE, Inc. (NYSE:NKEGet Free Report) Director Robert Holmes Swan acquired 2,941 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NIKE Price Performance

NYSE:NKE opened at $76.83 on Tuesday. The stock has a market cap of $115.96 billion, a P/E ratio of 20.60, a PEG ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The company has a fifty day moving average price of $93.28 and a 200 day moving average price of $98.85. NIKE, Inc. has a one year low of $74.29 and a one year high of $123.39.

NIKE (NYSE:NKEGet Free Report) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Analysts anticipate that NIKE, Inc. will post 3.9 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Institutional Investors Weigh In On NIKE

Institutional investors and hedge funds have recently bought and sold shares of the business. Iron Horse Wealth Management LLC increased its holdings in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the period. Annapolis Financial Services LLC grew its holdings in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE in the 4th quarter worth about $29,000. True Wealth Design LLC grew its holdings in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Core Wealth Advisors Inc. grew its holdings in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NKE shares. Wells Fargo & Company reduced their target price on shares of NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America reduced their target price on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com cut shares of NIKE from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Finally, Robert W. Baird reduced their target price on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.96.

Check Out Our Latest Analysis on NIKE

About NIKE

(Get Free Report)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services 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.

Further Reading

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

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