Nike Inc. (NYSE:NKE) Director John C. Lechleiter acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was acquired at an average price of $52.72 per share, for a total transaction of $52,720.00. Following the acquisition, the director now owns 27,560 shares in the company, valued at approximately $1,452,963.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Nike Inc. (NYSE:NKE) opened at 52.14 on Wednesday. The stock has a market capitalization of $87.18 billion, a price-to-earnings ratio of 23.53 and a beta of 0.56. Nike Inc. has a 12 month low of $51.48 and a 12 month high of $68.19. The stock’s 50 day moving average price is $56.27 and its 200-day moving average price is $56.98.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.17. Nike had a net margin of 11.60% and a return on equity of 30.56%. The business had revenue of $9.06 billion for the quarter. During the same period last year, the company posted $1.34 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Nike Inc. will post $2.38 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, September 1st. Nike’s dividend payout ratio (DPR) is presently 28.83%.

Several institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Nike by 8.3% in the second quarter. Capstone Asset Management Co. now owns 384,426 shares of the footwear maker’s stock worth $21,220,000 after buying an additional 29,538 shares during the period. Dividend Assets Capital LLC increased its position in Nike by 2.6% in the second quarter. Dividend Assets Capital LLC now owns 1,712,644 shares of the footwear maker’s stock worth $94,538,000 after buying an additional 43,935 shares during the period. National Pension Service increased its position in Nike by 4.1% in the first quarter. National Pension Service now owns 709,270 shares of the footwear maker’s stock worth $43,599,000 after buying an additional 27,918 shares during the period. Gofen & Glossberg LLC IL increased its position in Nike by 1.0% in the second quarter. Gofen & Glossberg LLC IL now owns 304,456 shares of the footwear maker’s stock worth $16,806,000 after buying an additional 2,890 shares during the period. Finally, AMP Capital Investors Ltd bought a new position in Nike during the first quarter worth $37,460,000. 62.04% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $66.00 target price on shares of Nike in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating on shares of Nike in a research report on Sunday, July 17th. Vetr raised Nike from a “sell” rating to a “hold” rating and set a $54.01 target price for the company in a research report on Wednesday, August 3rd. Piper Jaffray Cos. set a $58.00 target price on Nike and gave the company a “hold” rating in a research report on Thursday, September 22nd. Finally, FBR & Co reissued a “hold” rating on shares of Nike in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and a consensus target price of $64.54.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.

5 Day Chart for NYSE:NKE

Receive News & Stock 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 stocks with our FREE daily email newsletter.