Insider Selling: Nike Inc (NKE) EVP Sells 125,722 Shares of Stock

Nike Inc (NYSE:NKE) EVP John F. Slusher sold 125,722 shares of Nike stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $63.17, for a total value of $7,941,858.74. Following the completion of the sale, the executive vice president now owns 268,169 shares of the company’s stock, valued at $16,940,235.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Nike Inc (NYSE NKE) traded down $0.04 during trading hours on Thursday, hitting $63.44. The company had a trading volume of 5,727,700 shares, compared to its average volume of 9,390,000. The stock has a market capitalization of $103,500.00, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. Nike Inc has a one year low of $50.35 and a one year high of $65.18.

Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. Nike’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts anticipate that Nike Inc will post 2.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 4th were given a dividend of $0.20 per share. This is a boost from Nike’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Nike’s payout ratio is presently 34.63%.

A number of equities research analysts have weighed in on NKE shares. Goldman Sachs Group downgraded Nike from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 target price for the company in a report on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating on shares of Nike in a report on Friday, October 13th. Deutsche Bank reiterated a “buy” rating and issued a $61.00 target price (down from $69.00) on shares of Nike in a report on Wednesday, September 13th. Finally, Sanford C. Bernstein started coverage on Nike in a report on Tuesday, September 12th. They issued an “outperform” rating and a $69.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Nike currently has an average rating of “Hold” and an average target price of $64.06.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Nike by 2.5% during the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after buying an additional 2,452,993 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Nike by 10.4% during the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after buying an additional 2,274,869 shares during the last quarter. Capital World Investors boosted its position in shares of Nike by 58.7% during the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after buying an additional 8,058,601 shares during the last quarter. Northern Trust Corp boosted its position in shares of Nike by 6.7% during the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock valued at $1,268,671,000 after buying an additional 1,344,638 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Nike by 4,252.6% during the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after buying an additional 16,237,557 shares during the last quarter. 62.67% of the stock is currently owned by institutional investors.

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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.

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

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