NIKE (NYSE:NKE) Stock Price Down 0.2% on Insider Selling

Shares of NIKE, Inc. (NYSE:NKE - Get Free Report) fell 0.2% on Thursday after an insider sold shares in the company. The company traded as low as $93.01 and last traded at $93.44. 1,702,080 shares were traded during mid-day trading, a decline of 81% from the average session volume of 9,099,063 shares. The stock had previously closed at $93.59.

Specifically, EVP Monique S. Matheson sold 45,000 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares of the company's stock, valued at approximately $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NKE shares. Morgan Stanley reduced their target price on NIKE from $124.00 to $116.00 and set an "overweight" rating for the company in a report on Wednesday, March 27th. The Goldman Sachs Group decreased their price objective on NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Williams Trading reiterated a "sell" rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Finally, Barclays reduced their price target on shares of NIKE from $142.00 to $114.00 and set an "overweight" rating on the stock in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average price target of $116.26.

NIKE Trading Down 0.2 %

The stock has a market capitalization of $140.96 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The business has a fifty day moving average of $95.07 and a 200-day moving average of $102.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

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

NIKE Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. NIKE's dividend payout ratio (DPR) is presently 43.53%.

Hedge Funds Weigh In On NIKE

Several large investors have recently made changes to their positions in NKE. Oliver Luxxe Assets LLC lifted its stake in shares of NIKE by 2.9% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker's stock worth $3,587,000 after buying an additional 1,041 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in NIKE during the 4th quarter worth $8,034,000. Financial Gravity Asset Management Inc. lifted its stake in shares of NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker's stock worth $17,598,000 after acquiring an additional 176,476 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker's stock valued at $42,139,000 after purchasing an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC grew its holdings in shares of NIKE by 55.6% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker's stock valued at $21,080,000 after buying an additional 69,363 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

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.