NIKE, Inc. (NYSE:NKE) Director Acquires $502,756.00 in Stock

NIKE, Inc. (NYSE:NKE - Get Free Report) Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NIKE Price Performance

Shares of NKE traded up $0.04 during midday trading on Friday, hitting $54.44. 22,585,735 shares of the company traded hands, compared to its average volume of 14,029,151. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a 50 day moving average of $70.48 and a 200-day moving average of $75.16. The stock has a market cap of $80.52 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Institutional Trading of NIKE

Hedge funds have recently made changes to their positions in the business. Caitlin John LLC increased its stake in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of NIKE during the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in NIKE during the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in NIKE during the fourth quarter worth $30,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the subject of several research analyst reports. Guggenheim reiterated a "buy" rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a report on Monday, December 16th. UBS Group cut their target price on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets dropped their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.19.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.