Nike (NKE) Earns News Sentiment Rating of 0.14
News articles about Nike (NYSE:NKE) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nike earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the footwear maker an impact score of 45.704105674692 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Vapid Earnings Visibility Penalize Nike (NKE) Rating (investorplace.com)
- Today’s Brokerage Rating: NIKE, Inc., (NYSE: NKE), Hilton Worldwide Holdings Inc., (NYSE: HLT), Molina Healthcare … – Stocks In The News (press release) (tradingnewsnow.com)
- How Skechers Is Building Its "Performance" Brand (finance.yahoo.com)
- Deutsche Bank: momentum in Foot Locker can continue (finance.yahoo.com)
- Nike, Inc. (NKE) Downgraded by Vetr Inc. (americanbankingnews.com)
Several research analysts recently commented on NKE shares. B. Riley reaffirmed a “neutral” rating on shares of Nike in a research report on Wednesday, November 1st. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price objective (down from $49.00) on shares of Nike in a report on Wednesday, September 27th. Canaccord Genuity reissued a “hold” rating and set a $50.00 price objective (down from $51.00) on shares of Nike in a report on Wednesday, September 27th. Susquehanna Bancshares Inc reissued a “hold” rating and set a $47.00 price objective (down from $54.00) on shares of Nike in a report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of Nike in a report on Saturday, September 30th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.92.
Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. equities research analysts anticipate that Nike will post 2.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.35%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio is presently 30.77%.
In other news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the transaction, the director now directly owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
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Nike Company Profile
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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