Investors Purchase Large Volume of Call Options on Nike (NKE)
Shares of Nike (NYSE:NKE) was the recipient of some unusual options trading activity on Thursday. Investors acquired 36,221 call options on the company, Analyst Ratings Network.com reports. This is an increase of 481% compared to the typical volume of 6,238 call options.
In other Nike news, CFO Donald Blair sold 33,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $68.00, for a total value of $2,244,000.00. Following the completion of the sale, the chief financial officer now directly owns 203,635 shares of the company’s stock, valued at approximately $13,847,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NKE has been the subject of a number of recent research reports. Analysts at Buckingham Research raised their price target on shares of Nike (NYSE:NKE) from $68.00 to $81.00 in a research note to investors on Thursday. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Nike (NYSE:NKE) from $57.00 to $65.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Nike (NYSE:NKE) from $68.00 to $75.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Nike currently has an average rating of “Buy” and a consensus target price of $71.59.
Nike (NYSE:NKE) traded up 2.06% on Thursday, hitting $70.34. The stock had a trading volume of 6,697,317 shares. Nike has a 52-week low of $44.825 and a 52-week high of $70.56. The stock has a 50-day moving average of $65.97 and a 200-day moving average of $62.78. The company has a market cap of $62.627 billion and a P/E ratio of 25.40.
Nike (NYSE:NKE) last announced its earnings results on Thursday, September 26th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 7th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, August 29th.
NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
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