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.

Dividend History for Nike (NYSE:NKE)

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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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.

5 Day Chart for NYSE:NKE

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