Media headlines about Nike (NYSE:NKE) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nike earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the footwear maker an impact score of 46.3572999295577 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Could an agency review by Nike cut down rates for digital advertisers across the industry? (bizjournals.com)
- Nike Inc (NYSE:NKE): Institutional Investor Sentiment Down to 0.8 (nismagazine.com)
- Active-Investors: Free Post Earnings Research Report: NIKE’s Revenue Grew 5% (finanznachrichten.de)
- Warren Buffett's real talent is acquiring sweetheart deals when there's blood in the streets (finance.yahoo.com)
- Why Nike, Inc. Stock Jumped 23% Last Year — The Motley Fool – Motley Fool (fool.com)
A number of analysts have recently issued reports on NKE shares. Vetr raised Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price target on the stock in a research note on Wednesday, October 4th. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $57.00 price target on shares of Nike in a research note on Wednesday, December 13th. DA Davidson lifted their price target on Nike from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Barclays set a $75.00 price target on Nike and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Buckingham Research started coverage on Nike in a research note on Saturday, January 6th. They issued a “buy” rating and a $72.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $64.40.
Shares of Nike (NKE) opened at $64.67 on Friday. Nike has a 1 year low of $50.35 and a 1 year high of $65.18. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $105,214.14, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.64.
Nike (NYSE:NKE) last posted its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts expect that Nike will post 2.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 34.63%.
In other news, EVP John F. Slusher sold 100,000 shares of Nike stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total value of $6,309,000.00. Following the completion of the sale, the executive vice president now directly owns 268,169 shares of the company’s stock, valued at $16,918,782.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the sale, the chairman now directly owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The disclosure for this sale can be found here. Insiders sold 967,896 shares of company stock worth $60,257,267 in the last 90 days. Company insiders own 3.90% of the company’s stock.
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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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