Todays Report: Today, Nike Inc. (NKE) To Go Ex-Dividend on December 1st

Today, Nike Inc. (NKE) To Go Ex-Dividend on December 1st

Nike Inc. (NYSE:NKE) announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Monday, December 5th will be given a dividend of 0.18 per share by the footwear maker on Tuesday, January 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.16.

Shares of Nike (NYSE:NKE) opened at 51.52 on Friday. The firm has a 50 day moving average price of $51.17 and a 200 day moving average price of $54.68. Nike has a 1-year low of $49.01 and a 1-year high of $68.19. The firm has a market cap of $85.80 billion, a P/E ratio of 23.25 and a beta of 0.48.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.17. Nike had a net margin of 11.60% and a return on equity of 30.56%. The company had revenue of $9.06 billion for the quarter. During the same period in the prior year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that Nike will post $2.37 EPS for the current year.

Several analysts recently weighed in on NKE shares. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. FBR & Co cut their price target on shares of Nike from $63.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 28th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $53.00 price target on shares of Nike in a research report on Friday, November 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Nike in a research report on Wednesday, August 10th. Finally, Brean Capital cut shares of Nike from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $60.00 in a research report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Nike has a consensus rating of “Buy” and an average price target of $63.43.

In other Nike news, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total value of $7,467,000.00. Following the sale, the chairman now owns 1,985,225 shares of the company’s stock, valued at approximately $98,824,500.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Lechleiter purchased 1,000 shares of the business’s stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of $52.72 per share, for a total transaction of $52,720.00. Following the acquisition, the director now owns 27,560 shares in the company, valued at $1,452,963.20. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the company. Blue Edge Capital LLC raised its stake in shares of Nike by 0.6% in the second quarter. Blue Edge Capital LLC now owns 23,501 shares of the footwear maker’s stock worth $1,297,000 after buying an additional 146 shares during the period. Roundview Capital LLC raised its stake in shares of Nike by 0.5% in the second quarter. Roundview Capital LLC now owns 33,955 shares of the footwear maker’s stock worth $1,874,000 after buying an additional 165 shares during the period. ARGI Investment Services LLC raised its stake in shares of Nike by 5.8% in the second quarter. ARGI Investment Services LLC now owns 3,663 shares of the footwear maker’s stock worth $202,000 after buying an additional 202 shares during the period. Ancora Advisors LLC raised its stake in shares of Nike by 2.9% in the second quarter. Ancora Advisors LLC now owns 8,706 shares of the footwear maker’s stock worth $481,000 after buying an additional 247 shares during the period. Finally, Hamilton Point Investment Advisors LLC raised its stake in shares of Nike by 0.6% in the second quarter. Hamilton Point Investment Advisors LLC now owns 45,823 shares of the footwear maker’s stock worth $2,529,000 after buying an additional 275 shares during the period. 62.90% of the stock is currently owned by institutional investors and hedge funds.

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