NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
NIKE Stock Performance
Shares of NKE Stock opened at $113.14 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.63 and a quick ratio of 1.84. NIKE has a one year low of $99.53 and a one year high of $179.10. The business's 50 day simple moving average is $110.13 and its 200 day simple moving average is $122.88. The stock has a market capitalization of $177.47 billion, a PE ratio of 30.09, a PEG ratio of 2.39 and a beta of 1.02.
NIKE (NYSE:NKE - Get Rating) last posted its quarterly earnings data on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.09. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.10 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts forecast that NIKE will post 3.82 earnings per share for the current year.
NIKE Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, September 2nd. NIKE's dividend payout ratio (DPR) is presently 32.45%.
Wall Street Analyst Weigh In
NKE has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on NIKE from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 28th. JPMorgan Chase & Co. set a $130.00 price target on NIKE in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of NIKE from $150.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Cowen decreased their target price on shares of NIKE from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Thursday, June 23rd. Finally, Credit Suisse Group set a $130.00 price target on shares of NIKE in a report on Wednesday, June 29th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $137.46.
Insider Activity
In related news, CFO Matthew Friend sold 9,032 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $110.52, for a total transaction of $998,216.64. Following the completion of the sale, the chief financial officer now owns 51,581 shares of the company's stock, valued at $5,700,732.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Matthew Friend sold 9,032 shares of the business's stock in a transaction on Monday, June 13th. The shares were sold at an average price of $110.52, for a total transaction of $998,216.64. Following the transaction, the chief financial officer now owns 51,581 shares in the company, valued at approximately $5,700,732.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 19,500 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $103.45, for a total transaction of $2,017,275.00. Following the completion of the sale, the executive vice president now owns 80,355 shares of the company's stock, valued at $8,312,724.75. The disclosure for this sale can be found here. Insiders have sold 82,796 shares of company stock valued at $9,085,334 in the last ninety days. 0.40% of the stock is owned by company insiders.
