Nike Inc (NKE) Announces Quarterly Dividend of $0.24
Nike (NYSE:NKE) declared a quarterly dividend on Monday, August 11th, American Banking & Market News reports. Investors of record on Tuesday, September 2nd will be given a dividend of 0.24 per share on Monday, October 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%.
A number of research firms have recently commented on NKE. 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. On the ratings front, 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. Finally, analysts at Susquehanna raised their price target on shares of Nike from $70.00 to $75.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $83.48.
Nike (NYSE:NKE) remained flat at $77.06 during trading on Monday. The stock had a trading volume of 3,914,269 shares. Nike has a one year low of $62.60 and a one year high of $80.26. The stock has a 50-day moving average of $77.30 and a 200-day moving average of $75.38. The company has a market cap of $66.911 billion and a price-to-earnings ratio of 25.95.
Nike (NYSE:NKE) last released its earnings data on Thursday, June 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Nike will post $3.39 EPS for the current fiscal year.
In other Nike news, CFO Donald W. Blair sold 50,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $79.25, for a total value of $3,962,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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