Investors sold shares of Nike Inc (NYSE:NKE) on strength during trading hours on Monday. $72.38 million flowed into the stock on the tick-up and $132.71 million flowed out of the stock on the tick-down, for a money net flow of $60.33 million out of the stock. Of all companies tracked, Nike had the 0th highest net out-flow for the day. Nike traded up $0.52 for the day and closed at $66.82
Several analysts have recently issued reports on NKE shares. Stifel Nicolaus set a $74.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Friday, December 15th. Guggenheim reiterated a “buy” rating and issued a $70.00 target price on shares of Nike in a research report on Friday, December 15th. Deutsche Bank set a $76.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Argus raised shares of Nike from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.35 to $64.46 in a research note on Thursday, December 14th. Finally, DA Davidson set a $68.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the stock. Nike has a consensus rating of “Buy” and an average price target of $66.10.
The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $108,712.06, a P/E ratio of 28.93, a P/E/G ratio of 3.02 and a beta of 0.68.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio (DPR) is presently 34.63%.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $114,641,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Slusher sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the completion of the sale, the executive vice president now directly owns 268,169 shares in the company, valued at $16,918,782.21. The disclosure for this sale can be found here. Insiders have sold 1,057,896 shares of company stock worth $68,424,217 over the last ninety days. 3.90% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in NKE. Field & Main Bank purchased a new stake in shares of Nike in the 4th quarter valued at approximately $100,000. Wagner Wealth Management LLC purchased a new stake in shares of Nike in the 4th quarter valued at approximately $103,000. G&S Capital LLC purchased a new stake in shares of Nike in the 4th quarter valued at approximately $112,000. Willingdon Wealth Management purchased a new stake in shares of Nike in the 3rd quarter valued at approximately $114,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Nike in the 4th quarter valued at approximately $116,000. 65.76% of the stock is currently owned by institutional investors and hedge funds.
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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.
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