Nike Inc. (NKE) To Go Ex-Dividend on December 1st
Nike Inc. (NYSE:NKE) announced a quarterly dividend on Thursday, November 17th. Investors of record on Monday, December 5th will be paid a dividend of 0.18 per share by the footwear maker on Tuesday, January 3rd. This represents a $0.72 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.16.
Shares of Nike (NYSE:NKE) opened at 51.52 on Friday. The stock has a market capitalization of $85.80 billion, a price-to-earnings ratio of 23.25 and a beta of 0.48. Nike has a one year low of $49.01 and a one year high of $68.19. The company has a 50-day moving average of $51.17 and a 200 day moving average of $54.68.
Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The business had revenue of $9.06 billion for the quarter. Nike had a return on equity of 30.56% and a net margin of 11.60%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. Equities research analysts forecast that Nike will post $2.37 earnings per share for the current fiscal year.
In other news, Director John C. Lechleiter bought 1,000 shares of the stock in a transaction on Friday, September 30th. The shares were purchased at an average price of $52.72 per share, for a total transaction of $52,720.00. Following the completion of the purchase, the director now directly owns 27,560 shares of the company’s stock, valued at approximately $1,452,963.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total value of $7,467,000.00. Following the completion of the transaction, the chairman now owns 1,985,225 shares in the company, valued at approximately $98,824,500.50. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Capital Management LLC increased its position in shares of Nike by 14.4% in the second quarter. Janus Capital Management LLC now owns 25,453,224 shares of the footwear maker’s stock worth $1,405,003,000 after buying an additional 3,203,177 shares during the period. Alliancebernstein L.P. increased its position in shares of Nike by 10.7% in the second quarter. Alliancebernstein L.P. now owns 13,281,527 shares of the footwear maker’s stock worth $733,140,000 after buying an additional 1,286,718 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Nike by 31.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,995,505 shares of the footwear maker’s stock worth $662,152,000 after buying an additional 2,894,014 shares during the period. Winslow Capital Management LLC increased its position in shares of Nike by 6.9% in the second quarter. Winslow Capital Management LLC now owns 11,738,934 shares of the footwear maker’s stock worth $647,989,000 after buying an additional 752,864 shares during the period. Finally, Edgewood Management LLC increased its position in shares of Nike by 26.2% in the second quarter. Edgewood Management LLC now owns 10,985,710 shares of the footwear maker’s stock worth $606,411,000 after buying an additional 2,279,790 shares during the period. Hedge funds and other institutional investors own 62.90% of the company’s stock.
NKE has been the topic of a number of analyst reports. Vetr lowered Nike from a “hold” rating to a “sell” rating and set a $53.10 price objective on the stock. in a research note on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Nike in a research note on Wednesday, August 10th. Brean Capital reaffirmed a “buy” rating and set a $62.00 price objective on shares of Nike in a research note on Sunday, August 21st. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, B. Riley lowered Nike from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.43.
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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.
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