Nike, Inc. (NYSE:NKE) Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the sale, the chairman now owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/mark-g-parker-sells-135000-shares-of-nike-inc-nke-stock.html.

Several hedge funds and other institutional investors have recently bought and sold shares of NKE. V Wealth Management LLC purchased a new position in shares of Nike during the 2nd quarter worth $100,000. Asset Planning Services Ltd. raised its holdings in shares of Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after acquiring an additional 7 shares during the period. Atlantic Trust LLC purchased a new position in shares of Nike during the 2nd quarter worth $136,000. Howe & Rusling Inc. raised its holdings in shares of Nike by 751.3% during the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after acquiring an additional 2,329 shares during the period. Finally, Rational Advisors LLC raised its holdings in shares of Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock worth $143,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 62.46% of the company’s stock.

NKE has been the subject of a number of analyst reports. Jefferies Group LLC lowered shares of Nike to a “buy” rating in a research note on Tuesday, August 29th. Vetr lowered shares of Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price objective for the company. in a research note on Monday, September 4th. Telsey Advisory Group reduced their price objective on shares of Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Morgan Stanley upgraded shares of Nike from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $56.00 to $68.00 in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective on shares of Nike in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.93.

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.

Insider Buying and Selling by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with MarketBeat.com's FREE daily email newsletter.