Nike, Inc. (NYSE:NKE) was the target of some unusual options trading on Wednesday. Stock investors purchased 14,365 call options on the stock. This represents an increase of 228% compared to the typical volume of 4,379 call options.

In related news, CFO Andrew Campion sold 96,243 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $56.68, for a total value of $5,455,053.24. Following the completion of the sale, the chief financial officer now directly owns 50,246 shares in the company, valued at $2,847,943.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $59.00, for a total value of $2,950,000.00. Following the completion of the sale, the insider now owns 300,108 shares of the company’s stock, valued at $17,706,372. The disclosure for this sale can be found here. Over the last quarter, insiders sold 492,360 shares of company stock valued at $28,485,174. 3.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in NKE. Winslow Evans & Crocker Inc. increased its position in shares of Nike by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 7,858 shares of the footwear maker’s stock valued at $438,000 after buying an additional 400 shares in the last quarter. Private Bank & Trust Co. purchased a new position in shares of Nike during the first quarter valued at about $220,000. First Command Financial Services Inc. increased its position in shares of Nike by 5.7% in the first quarter. First Command Financial Services Inc. now owns 2,650 shares of the footwear maker’s stock valued at $147,000 after buying an additional 142 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Nike by 152.2% in the first quarter. Prospera Financial Services Inc now owns 15,471 shares of the footwear maker’s stock valued at $854,000 after buying an additional 9,336 shares in the last quarter. Finally, Alpha Windward LLC increased its position in shares of Nike by 1.5% in the first quarter. Alpha Windward LLC now owns 4,078 shares of the footwear maker’s stock valued at $227,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 63.47% of the company’s stock.

Several equities research analysts have weighed in on NKE shares. Deutsche Bank AG restated a “buy” rating and set a $64.00 target price on shares of Nike in a research note on Saturday, April 22nd. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Nike in a research note on Friday, May 5th. Berenberg Bank started coverage on Nike in a research note on Tuesday, May 16th. They set a “buy” rating and a $70.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of Nike in a research note on Friday, June 30th. Finally, Morgan Stanley upgraded Nike from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $56.00 to $68.00 in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $61.04.

Nike (NYSE NKE) opened at 54.95 on Friday. Nike has a 12 month low of $49.01 and a 12 month high of $60.53. The company has a market cap of $90.29 billion, a PE ratio of 21.89 and a beta of 0.59. The company has a 50-day moving average of $58.64 and a 200 day moving average of $55.77.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, equities analysts forecast that Nike will post $2.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s dividend payout ratio (DPR) is presently 28.69%.

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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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