Monique S. Matheson Sells 45,000 Shares of NIKE, Inc. (NYSE:NKE) Stock

NIKE, Inc. (NYSE:NKE) EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NIKE Stock Down 0.2 %

NIKE stock opened at $93.39 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock has a market cap of $140.96 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $126.46. The firm’s 50-day simple moving average is $95.07 and its 200 day simple moving average is $102.84.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Research analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Hedge Funds Weigh In On NIKE

Several institutional investors have recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC increased its stake in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Annapolis Financial Services LLC grew its holdings in NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 220 shares during the period. Planned Solutions Inc. bought a new position in NIKE during the fourth quarter valued at $29,000. True Wealth Design LLC increased its position in NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its stake in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NKE. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $113.00 in a report on Thursday, April 11th. UBS Group decreased their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. HSBC cut their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. The Goldman Sachs Group decreased their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Morgan Stanley cut their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.26.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.