Nike Inc (NYSE:NKE) was the recipient of unusually large options trading activity on Friday. Traders bought 41,628 call options on the company. This represents an increase of 476% compared to the average volume of 7,221 call options.

In other news, Director John R. Thompson, Jr. sold 14,000 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $56.45, for a total value of $790,300.00. Following the transaction, the director now directly owns 55,660 shares in the company, valued at $3,142,007. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Hilary K. Krane sold 65,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $56.00, for a total transaction of $3,640,000.00. Following the completion of the transaction, the chief accounting officer now owns 270,795 shares in the company, valued at $15,164,520. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,000 shares of company stock worth $21,213,800. Company insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Nike by 2,576.9% in the first quarter. BlackRock Inc. now owns 80,846,138 shares of the footwear maker’s stock valued at $4,505,554,000 after buying an additional 77,826,052 shares during the last quarter. Jennison Associates LLC boosted its position in Nike by 124.7% in the first quarter. Jennison Associates LLC now owns 25,143,559 shares of the footwear maker’s stock valued at $1,401,251,000 after buying an additional 13,953,567 shares during the last quarter. Norges Bank acquired a new position in Nike during the fourth quarter valued at about $463,411,000. OppenheimerFunds Inc. boosted its position in Nike by 7,020.1% in the first quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock valued at $298,145,000 after buying an additional 5,274,656 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Nike by 4.2% in the first quarter. Vanguard Group Inc. now owns 97,152,415 shares of the footwear maker’s stock valued at $5,414,304,000 after buying an additional 3,925,394 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Shares of Nike (NYSE NKE) opened at 52.48 on Wednesday. Nike has a 52 week low of $49.01 and a 52 week high of $60.33. The stock’s 50 day moving average is $53.87 and its 200-day moving average is $54.08. The firm has a market cap of $86.63 billion, a PE ratio of 21.89 and a beta of 0.44.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.15. Nike had a return on equity of 31.70% and a net margin of 11.60%. The business had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Nike will post $2.40 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 5th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, June 1st. Nike’s payout ratio is 31.72%.

A number of research analysts have recently commented on NKE shares. Goldman Sachs Group Inc restated a “buy” rating and issued a $62.00 price target on shares of Nike in a report on Tuesday, April 18th. Deutsche Bank AG restated a “buy” rating and issued a $64.00 price target on shares of Nike in a report on Saturday, April 22nd. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price target on shares of Nike in a report on Friday, May 5th. Vetr upgraded shares of Nike from a “buy” rating to a “strong-buy” rating and set a $63.24 price target on the stock in a report on Wednesday, March 22nd. Finally, Bank of America Corp restated a “sell” rating and issued a $46.00 price target on shares of Nike in a report on Wednesday, April 5th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.78.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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