Nike Inc (NYSE:NKE) Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at $97,683,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Nike Inc (NKE) opened at $63.59 on Thursday. The firm has a market cap of $105,738.61, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.64. Nike Inc has a one year low of $50.35 and a one year high of $65.18. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. Nike’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. equities research analysts anticipate that Nike Inc will post 2.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.26%. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio (DPR) is 34.04%.

A number of institutional investors and hedge funds have recently made changes to their positions in NKE. Fiduciary Trust Co. lifted its stake in shares of Nike by 4.9% during the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock worth $13,597,000 after buying an additional 10,840 shares during the period. Sterling Investment Advisors Ltd. lifted its stake in shares of Nike by 651.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock worth $1,596,000 after buying an additional 23,450 shares during the period. Royal Bank of Scotland Group PLC lifted its stake in shares of Nike by 6.2% during the first quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock worth $11,582,000 after buying an additional 12,201 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of Nike by 4.3% during the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock worth $5,732,000 after buying an additional 4,030 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Nike by 20.0% during the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 103,689 shares of the footwear maker’s stock worth $6,118,000 after buying an additional 17,285 shares during the period. Institutional investors own 62.56% of the company’s stock.

A number of brokerages have recently commented on NKE. Citigroup reaffirmed a “buy” rating and set a $74.00 target price on shares of Nike in a research report on Tuesday. Canaccord Genuity raised their target price on shares of Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Nike from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday. Telsey Advisory Group raised their target price on shares of Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Buckingham Research raised their target price on shares of Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.19.

WARNING: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/21/mark-g-parker-sells-135000-shares-of-nike-inc-nke-stock.html.

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.

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

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.