NIKE (NYSE:NKE) Stock Price Up 0.2%

NIKE, Inc. (NYSE:NKE - Get Free Report) rose 0.2% on Tuesday . The stock traded as high as $92.18 and last traded at $91.99. Approximately 1,773,555 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 9,207,739 shares. The stock had previously closed at $91.77.

Analyst Ratings Changes

A number of research firms recently weighed in on NKE. Royal Bank of Canada reiterated a "sector perform" rating and issued a $100.00 price objective (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Wells Fargo & Company cut their target price 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. UBS Group decreased their price target on NIKE from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. StockNews.com raised shares of NIKE from a "hold" rating to a "buy" rating in a research note on Wednesday, May 15th. Finally, Citigroup dropped their target price on NIKE from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.26.

NIKE Stock Up 1.1 %

The company has a market capitalization of $140.10 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The firm's 50-day simple moving average is $93.67 and its 200-day simple moving average is $102.18. 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 announced 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. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. Sell-side analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.59%. NIKE's dividend payout ratio is currently 43.53%.

Insider Activity at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company's stock, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Johanna Nielsen sold 282 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Monique S. Matheson sold 45,000 shares of the firm's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock valued at $19,946,333 in the last ninety days. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On NIKE

Several institutional investors have recently modified their holdings of the stock. Atria Investments Inc lifted its stake in NIKE by 10.5% in the first quarter. Atria Investments Inc now owns 125,774 shares of the footwear maker's stock valued at $11,840,000 after buying an additional 11,999 shares in the last quarter. Swedbank AB bought a new position in shares of NIKE in the first quarter valued at about $93,357,000. Sanibel Captiva Trust Company Inc. lifted its position in NIKE by 0.3% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 146,587 shares of the footwear maker's stock worth $13,776,000 after acquiring an additional 370 shares during the last quarter. LRI Investments LLC bought a new stake in NIKE in the 1st quarter valued at $129,000. Finally, Virtu Financial LLC boosted its position in shares of NIKE by 7.1% in the first quarter. Virtu Financial LLC now owns 60,714 shares of the footwear maker's stock valued at $5,706,000 after acquiring an additional 4,000 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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.