Nike Inc (NYSE:NKE) Insider Elliott Hill Sells 2,770 Shares

Nike Inc (NYSE:NKE) insider Elliott Hill sold 2,770 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $86.96, for a total transaction of $240,879.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Elliott Hill also recently made the following trade(s):

  • On Friday, July 26th, Elliott Hill sold 3,228 shares of Nike stock. The shares were sold at an average price of $87.07, for a total transaction of $281,061.96.
  • On Tuesday, July 9th, Elliott Hill sold 34,100 shares of Nike stock. The shares were sold at an average price of $88.34, for a total transaction of $3,012,394.00.

Nike stock traded down $0.35 during midday trading on Friday, hitting $87.32. 5,894,605 shares of the company’s stock were exchanged, compared to its average volume of 6,385,364. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.39 and a current ratio of 2.10. Nike Inc has a 12 month low of $66.53 and a 12 month high of $90.00. The firm has a 50-day moving average of $83.77 and a two-hundred day moving average of $84.72. The company has a market cap of $136.05 billion, a PE ratio of 35.07, a P/E/G ratio of 2.30 and a beta of 0.79.

Nike (NYSE:NKE) last issued its earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). Nike had a return on equity of 45.12% and a net margin of 10.30%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts expect that Nike Inc will post 2.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, August 30th. Nike’s dividend payout ratio is currently 35.34%.

A number of research firms recently issued reports on NKE. Canaccord Genuity reaffirmed a “buy” rating and set a $96.00 price target on shares of Nike in a research note on Wednesday, June 19th. JPMorgan Chase & Co. upped their price target on shares of Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research note on Monday, May 27th. UBS Group set a $87.00 price target on shares of Nike and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley upped their price target on shares of Nike from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.39.

Several large investors have recently added to or reduced their stakes in NKE. Ibex Wealth Advisors purchased a new position in shares of Nike in the 1st quarter valued at approximately $1,599,000. Menta Capital LLC purchased a new position in shares of Nike in the 1st quarter valued at approximately $286,000. Icon Advisers Inc. Co. raised its position in shares of Nike by 10.9% in the 1st quarter. Icon Advisers Inc. Co. now owns 193,453 shares of the footwear maker’s stock valued at $16,291,000 after purchasing an additional 19,030 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of Nike in the 1st quarter valued at approximately $212,000. Finally, Shulman DeMeo Asset Management LLC purchased a new position in shares of Nike in the 1st quarter valued at approximately $210,000. Institutional investors and hedge funds own 65.09% of the company’s stock.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Insider Buying and Selling by Quarter for Nike (NYSE:NKE)

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