News articles about Nike (NYSE:NKE) have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand 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 0.67 on their scale. InfoTrie also gave media stories about the footwear maker an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Nike’s analysis:
A number of analysts have weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of Nike in a report on Friday, December 13th. Argus increased their price objective on shares of Nike from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. They noted that the move was a valuation call. Evercore ISI assumed coverage on shares of Nike in a research note on Friday, December 20th. They issued a “buy” rating and a $150.00 price objective for the company. BNP Paribas assumed coverage on shares of Nike in a research note on Thursday, October 3rd. They issued an “underperform” rating and a $82.50 price objective for the company. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 price objective (up previously from $101.00) on shares of Nike in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Nike currently has an average rating of “Buy” and an average price target of $106.25.
Nike stock traded down $1.56 during midday trading on Friday, hitting $101.74. 287,234 shares of the stock were exchanged, compared to its average volume of 4,559,038. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $162.73 billion, a PE ratio of 35.60, a P/E/G ratio of 2.49 and a beta of 0.84. The company has a fifty day simple moving average of $100.73 and a two-hundred day simple moving average of $91.62. Nike has a 52 week low of $77.07 and a 52 week high of $105.62.
Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.12. Nike had a net margin of 11.21% and a return on equity of 50.03%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Nike will post 3.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.245 dividend. The ex-dividend date was Friday, November 29th. This is an increase from Nike’s previous quarterly dividend of $0.22. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.96%. Nike’s dividend payout ratio (DPR) is 39.36%.
In related news, Director Peter B. Henry sold 2,416 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $101.14, for a total transaction of $244,354.24. Following the transaction, the director now directly owns 4,046 shares in the company, valued at $409,212.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark G. Parker sold 165,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $93.55, for a total transaction of $15,435,750.00. Following the transaction, the chief executive officer now owns 2,046,040 shares in the company, valued at $191,407,042. The disclosure for this sale can be found here. Insiders sold 486,416 shares of company stock worth $47,551,974 over the last quarter. 3.80% of the stock is owned by corporate insiders.
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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