NIKE, Inc. (NYSE:NKE) Chairman Mark G. Parker Sells 168,378 Shares

NIKE, Inc. (NYSE:NKE - Get Free Report) Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NIKE Price Performance

Shares of NKE stock traded down $1.10 during trading hours on Wednesday, reaching $91.69. The stock had a trading volume of 15,611,067 shares, compared to its average volume of 9,218,383. The stock's fifty day simple moving average is $94.39 and its 200 day simple moving average is $102.58. The firm has a market capitalization of $138.39 billion, a PE ratio of 27.09, a PEG ratio of 1.79 and a beta of 1.07. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $123.39. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE's payout ratio is currently 43.53%.

Institutional Trading of NIKE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ceeto Capital Group LLC purchased a new position in shares of NIKE during the first quarter worth approximately $222,000. BOKF NA boosted its stake in shares of NIKE by 104.6% in the 1st quarter. BOKF NA now owns 120,760 shares of the footwear maker's stock valued at $11,178,000 after purchasing an additional 61,735 shares in the last quarter. Steel Grove Capital Advisors LLC grew its holdings in shares of NIKE by 3.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 5,570 shares of the footwear maker's stock valued at $523,000 after purchasing an additional 162 shares during the last quarter. Lazard Asset Management LLC raised its position in NIKE by 7.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,200,886 shares of the footwear maker's stock worth $300,818,000 after purchasing an additional 233,910 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd lifted its stake in NIKE by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,765,315 shares of the footwear maker's stock worth $447,844,000 after purchasing an additional 50,821 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NKE shares. The Goldman Sachs Group decreased their target price on NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Evercore ISI reduced their price objective on NIKE from $127.00 to $117.00 and set an "outperform" rating for the company in a research report on Friday, March 22nd. Oppenheimer lowered NIKE from an "outperform" rating to a "market perform" rating and set a $110.00 price target for the company. in a report on Friday, February 16th. Jefferies Financial Group dropped their price objective on NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, March 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average price target of $116.26.

NIKE Company Profile

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.

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