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Nike (NYSE:NKE) Earning Somewhat Negative News Coverage, Analysis Finds – Tech Know Bits


Press coverage about Nike (NYSE:NKE) has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Nike earned a media sentiment score of -1.30 on their scale. InfoTrie also assigned media headlines about the footwear maker an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Nike’s ranking:

Several research firms recently weighed in on NKE. Deutsche Bank set a $28.00 price objective on Colfax and gave the company a “hold” rating in a report on Wednesday, July 10th. Canaccord Genuity set a $52.00 target price on Zillow Group and gave the stock a “hold” rating in a report on Wednesday, June 19th. Pivotal Research set a $101.00 target price on Nike and gave the stock a “buy” rating in a report on Friday, June 28th. Morgan Stanley set a $103.00 price objective on Nike and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Macquarie set a $89.00 price objective on Nike and gave the company a “buy” rating in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $89.86.

NKE traded down $0.42 during midday trading on Tuesday, reaching $87.20. 2,983,722 shares of the company were exchanged, compared to its average volume of 6,482,067. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.39 and a current ratio of 2.10. The stock has a fifty day moving average of $85.86. The company has a market cap of $137.72 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.78. Nike has a one year low of $66.53 and a one year high of $90.00.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, sell-side analysts forecast that Nike will post 2.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, May 31st. Nike’s dividend payout ratio is currently 35.34%.

In other news, insider Elliott Hill sold 3,228 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.07, for a total value of $281,061.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Hilary K. Krane sold 17,903 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $88.70, for a total value of $1,587,996.10. The disclosure for this sale can be found here. Insiders have sold a total of 84,637 shares of company stock valued at $7,388,637 over the last three months. Corporate insiders own 3.80% of the company’s stock.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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