Nike COO Sells $160,939 in Stock (NKE)
Nike (NYSE:NKE) COO Eric D. Sprunk sold 2,062 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $78.05, for a total transaction of $160,939.10. Following the sale, the chief operating officer now directly owns 134,270 shares in the company, valued at approximately $10,479,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Nike (NYSE:NKE) traded up 1.87% during mid-day trading on Wednesday, hitting $79.56. The stock had a trading volume of 2,777,297 shares. Nike has a one year low of $62.60 and a one year high of $80.26. The stock’s 50-day moving average is $76.89 and its 200-day moving average is $75.24. The company has a market cap of $69.082 billion and a P/E ratio of 26.30.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts predict that Nike will post $3.39 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Nike in a research note on Thursday, July 17th. They now have a $81.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Nike from $87.00 to $89.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Nike from $78.00 to $80.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $83.48.
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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