NIKE, Inc. (NYSE:NKE) Brief Interest Update

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NIKE, Inc. (NYSE: NKEGet a rating) was the target of a sharp rise in short-term interest rates in October. As of October 15, there was short interest totaling 18,040,000 shares, an increase of 12.5% ​​from the total of 16,040,000 shares as of September 30. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 8,230,000 shares, the short interest ratio is currently 2.2 days.

NIKE Price Performance

Shares of NKE opened at $93.40 on Monday. NIKE has a 1-year low of $82.22 and a 1-year high of $179.10. The company has a debt ratio of 0.56, a current ratio of 2.64 and a quick ratio of 1.76. The company has a market capitalization of $146.50 billion, a price-to-earnings ratio of 26.58, a growth price-to-earnings ratio of 2.68 and a beta of 1.11. The company has a 50-day moving average of $98.39 and a 200-day moving average of $108.49.

NIKE (NYSE: NKEGet a rating) last released its quarterly earnings data on Thursday, September 29. The shoemaker reported earnings per share (EPS) of $0.93 for the quarter, beating analyst consensus estimates of $0.92 by $0.01. NIKE had a return on equity of 37.08% and a net margin of 11.96%. The company posted revenue of $12.70 billion in the quarter, versus a consensus estimate of $12.28 billion. During the same period last year, the company earned earnings per share of $1.16. The company’s revenue increased by 3.7% compared to the same quarter last year. As a group, equity research analysts forecast NIKE to post earnings per share of 2.97 for the current year.

NIKE announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 3. Shareholders of record on Tuesday, September 6 received a dividend of $0.305. The ex-dividend date was Friday, September 2. This represents a dividend of $1.22 on an annualized basis and a yield of 1.31%. NIKE’s payout ratio is currently 34.56%.

A Wall Street analyst gives his opinion

Several research analysts have weighed in on NKE shares. TheStreet upgraded NIKE from a “b-” to a “c+” rating in a Monday, October 3 research report. Barclays lowered its price target on NIKE from $110.00 to $83.00 and set an “equal weight” rating on the stock in a Monday, October 3 research report. Raymond James assumed NIKE coverage in a Wednesday, October 12, report. They set an “outperform” rating and a target price of $99.00 on the stock. UBS Group set a target price of $141.00 on NIKE in a Thursday, October 20 report. Finally, Argus downgraded NIKE from a “buy” rating to a “hold” rating in a Monday, October 3 report. Thirteen equity research analysts gave the stock a hold rating and twenty gave the company a buy rating. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $114.96.

Insider Activity at NIKE

In related news, CFO Matthew friend sold 4,139 shares in a trade on Wednesday August 3. The stock was sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the CFO now owns 56,539 shares of the company, valued at approximately $6,412,653.38. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In related news, CFO Matthew friend sold 4,139 shares in a trade on Wednesday August 3. The stock was sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the CFO now owns 56,539 shares of the company, valued at approximately $6,412,653.38. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, COO Andre Campion sold 5,922 shares in a trade on Wednesday, August 3. The stock was sold at an average price of $113.42, for a total value of $671,673.24. As a result of the transaction, the chief operating officer now owns 75,295 shares of the company, valued at approximately $8,539,958.90. Disclosure of this sale can be found here. 0.40% of the shares are held by insiders of the company.

Institutional investors weigh in on NIKE

A number of hedge funds have recently increased or reduced their holdings in NKE. FNY Investment Advisers LLC acquired a new stake in NIKE in the first quarter worth approximately $26,000. LFA Lugano Financial Advisors SA increased its stake in NIKE by 63.3% in the second quarter. LFA Lugano Financial Advisors SA now owns 258 shares of the shoemaker valued at $26,000 after acquiring an additional 100 shares during the period. Antonetti Capital Management LLC increased its stake in NIKE by 900.0% in the first quarter. Antonetti Capital Management LLC now owns 200 shares of the shoemaker valued at $27,000 after acquiring an additional 180 shares during the period. Worth Asset Management LLC acquired a new stake in NIKE in the first quarter worth approximately $32,000. Finally, Heritage Financial Services LLC acquired a new stake in NIKE in the second quarter worth approximately $33,000. 64.19% of the shares are currently held by institutional investors.

NIKE Company Profile

(Get a rating)

NIKE, Inc., together with its subsidiaries, designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for men, women and children worldwide. The Company provides athletic and recreational footwear, apparel and accessories under the Jumpman brand; and casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell brands.

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