Mark G. Parker Sells 135,000 Shares of Nike Inc (NKE) Stock
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.
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.
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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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