Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Nike (NKE) Stock Price

News articles about Nike (NYSE:NKE) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nike earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the footwear maker an impact score of 45.8369369517473 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages recently commented on NKE. B. Riley restated a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. FBR & Co restated a “hold” rating and set a $53.00 target price on shares of Nike in a report on Thursday, September 14th. Susquehanna Bancshares restated a “neutral” rating and set a $64.00 target price on shares of Nike in a report on Tuesday, September 19th. Raymond James Financial reduced their target price on shares of Nike from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Finally, Wedbush restated a “neutral” rating and set a $53.40 target price (up previously from $52.00) on shares of Nike in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.01.

Shares of Nike (NYSE:NKE) traded up $0.32 during trading on Wednesday, reaching $60.42. 8,862,800 shares of the company’s stock were exchanged, compared to its average volume of 9,586,421. The firm has a market capitalization of $98,054.16, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. Nike has a 12-month low of $50.26 and a 12-month high of $61.21.

Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. research analysts forecast that Nike will post 2.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 1st. Nike’s dividend payout ratio is presently 34.04%.

In other news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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