Investors sold shares of Nike, Inc. (NYSE:NKE) on strength during trading hours on Tuesday. $25.75 million flowed into the stock on the tick-up and $91.43 million flowed out of the stock on the tick-down, for a money net flow of $65.68 million out of the stock. Of all equities tracked, Nike had the 0th highest net out-flow for the day. Nike traded up $0.07 for the day and closed at $55.98
A number of brokerages have recently commented on NKE. Guggenheim reaffirmed a “buy” rating and set a $70.00 target price on shares of Nike in a research report on Monday, July 24th. Piper Jaffray Companies set a $53.00 price objective on shares of Nike and gave the company a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus set a $66.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Saturday, July 22nd. Cowen and Company set a $54.00 price objective on shares of Nike and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $75.00 price objective on shares of Nike and gave the company a “buy” rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have issued a buy rating to the company. Nike has an average rating of “Hold” and a consensus target price of $58.93.
The stock has a market capitalization of $91,330.00, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.62 and a beta of 0.60. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.
Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. Nike’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. equities analysts expect that Nike, Inc. will post 2.29 earnings per share for the current fiscal year.
In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at approximately $1,371,527. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the transaction, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. V Wealth Management LLC acquired a new position in Nike in the 2nd quarter valued at about $100,000. Asset Planning Services Ltd. boosted its holdings in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the last quarter. Willingdon Wealth Management acquired a new position in Nike in the 3rd quarter valued at about $114,000. Atlantic Trust LLC acquired a new position in shares of Nike in the 2nd quarter worth approximately $136,000. Finally, Kistler Tiffany Companies LLC lifted its holdings in shares of Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after acquiring an additional 1,209 shares during the last quarter. Institutional investors own 62.24% of the company’s stock.
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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.
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