Nike Inc. (NKE) Director John C. Lechleiter Purchases 1,000 Shares of Stock
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.
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.
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.
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