NIKE (NYSE:NKE) Stock Price Up 0.4%

NIKE, Inc. (NYSE:NKE - Get Free Report)'s share price traded up 0.4% on Friday . The company traded as high as $92.29 and last traded at $92.12. 2,782,956 shares changed hands during trading, a decline of 70% from the average session volume of 9,184,040 shares. The stock had previously closed at $91.77.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Telsey Advisory Group lowered their price target on NIKE from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, March 18th. Robert W. Baird lowered their target price on NIKE from $140.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Citigroup cut their price target on NIKE from $135.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, March 14th. Jefferies Financial Group lowered their price objective on shares of NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, March 22nd. Finally, Sanford C. Bernstein cut their target price on shares of NIKE from $134.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.26.

NIKE Stock Up 0.4 %

The firm's 50-day simple moving average is $94.14 and its two-hundred day simple moving average is $102.43. The stock has a market cap of $139.13 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

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

NIKE Announces Dividend

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

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 168,378 shares of the company's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares of the company's stock, valued at approximately $102,648,662.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Mark G. Parker sold 168,378 shares of the company's stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock worth $19,946,333 in the last three months. Insiders own 0.50% of the company's stock.

Institutional Trading of NIKE

A number of large investors have recently bought and sold shares of NKE. Annapolis Financial Services LLC lifted its holdings in shares of NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker's stock valued at $25,000 after purchasing an additional 220 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake 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 acquiring an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new position in NIKE during the 4th quarter worth approximately $29,000. True Wealth Design LLC grew its stake in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker's stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $33,000. 64.25% of the stock is owned by institutional investors.

About NIKE

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.