Insider Selling: David Ayre Sells 42,500 Shares of Nike Stock (NKE)
Nike (NYSE:NKE) VP David Ayre unloaded 42,500 shares of Nike stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.76, for a total value of $3,219,800.00. Following the sale, the vice president now directly owns 89,726 shares in the company, valued at approximately $6,797,642. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Nike (NYSE:NKE) traded up 0.53% on Tuesday, hitting $75.91. The stock had a trading volume of 2,100,507 shares. Nike has a 52 week low of $44.825 and a 52 week high of $68.90. The stock’s 50-day moving average is $64.92 and its 200-day moving average is $61.91. The company has a market cap of $67.526 billion and a P/E ratio of 25.48.
Nike (NYSE:NKE) last released its earnings data on Thursday, September 26th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.23 earnings per share. Nike’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Nike will post $3.05 EPS for the current fiscal year.
NKE has been the subject of a number of recent research reports. Analysts at HSBC raised their price target on shares of Nike from $67.00 to $85.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of Nike from $75.00 to $76.00 in a research note to investors on Friday, October 11th. They now have a “neutral” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Nike from $74.00 to $76.00 in a research note to investors on Friday, October 11th. They now have a “not rated” rating on the stock. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.88.
NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.