Nike Inc (NYSE:NKE) EVP John F. Slusher sold 40,000 shares of Nike stock in a transaction on Monday, January 25th. The stock was sold at an average price of $61.25, for a total transaction of $2,450,000.00. Following the sale, the executive vice president now owns 163,104 shares in the company, valued at $9,990,120. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Nike Inc (NYSE:NKE) opened at 62.01 on Monday. The firm has a market capitalization of $105.61 billion and a PE ratio of 30.12. The firm’s 50 day moving average is $61.83 and its 200-day moving average is $60.79. Nike Inc has a one year low of $45.35 and a one year high of $68.19.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, December 22nd. The footwear maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. The business had revenue of $7.69 billion for the quarter. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that Nike Inc will post $2.15 earnings per share for the current fiscal year.

A number of institutional investors have modified their holdings of the stock. Lenox Wealth Advisors raised its position in shares of Nike by 13.7% in the fourth quarter. Lenox Wealth Advisors now owns 1,457 shares of the footwear maker’s stock valued at $91,000 after buying an additional 175 shares during the last quarter. Accredited Investors raised its position in shares of Nike by 10.7% in the fourth quarter. Accredited Investors now owns 4,125 shares of the footwear maker’s stock valued at $258,000 after buying an additional 399 shares during the last quarter. Conestoga Capital Advisors raised its position in shares of Nike by 2.5% in the fourth quarter. Conestoga Capital Advisors now owns 4,170 shares of the footwear maker’s stock valued at $261,000 after buying an additional 100 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of Nike by 82.8% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 4,252 shares of the footwear maker’s stock valued at $266,000 after buying an additional 1,926 shares during the last quarter. Finally, Vista Capital Partners raised its position in shares of Nike by 23.8% in the fourth quarter. Vista Capital Partners now owns 4,317 shares of the footwear maker’s stock valued at $270,000 after buying an additional 829 shares during the last quarter.

Several brokerages have issued reports on NKE. BB&T Corp. raised shares of Nike from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Monday, October 19th. DA Davidson raised their price objective on shares of Nike from $70.00 to $72.50 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Cowen and Company raised their price objective on shares of Nike from $72.50 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, December 14th. MKM Partners reissued a “sell” rating on shares of Nike in a research report on Wednesday, October 21st. Finally, Piper Jaffray reissued a “buy” rating and set a $70.00 price objective on shares of Nike in a research report on Friday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.92.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Wednesday, December 9th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. This is a boost from Nike’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 7th.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (NYSE:NKE), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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