Headlines about Nike (NYSE:NKE) have trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nike earned a coverage optimism score of -3.60 on their scale. InfoTrie also assigned news headlines about the footwear maker an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Nike’s ranking:
- A Changing of the Guard at Nike and Under Armour – The Business of Fashion (businessoffashion.com)
- Liverpool win kit battle with New Balance, clearing path for Nike deal – ESPN (espn.com)
- Nike’s New ‘Black Skeleton’ Sneakers Quickly Sold Out, But There’s Still a Way to Get Them – Footwear News (footwearnews.com)
- Nike (NKE) Stock Sinks As Market Gains: What You Should Know (finance.yahoo.com)
- Virgil Abloh’s Off-White x Nike Dunk Collaboration Is Now Rumored to Release in December – Footwear News (footwearnews.com)
Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Nike from $80.00 to $97.00 and gave the stock a “hold” rating in a research note on Wednesday, September 25th. ValuEngine downgraded shares of Nike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Macquarie set a $89.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Friday, June 28th. Oppenheimer lifted their price target on shares of Nike from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Bank of America raised shares of Nike from an “underperform” rating to a “neutral” rating and set a $98.00 price target on the stock in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $96.98.
NKE opened at $90.92 on Friday. The company has a 50-day moving average of $91.21 and a 200-day moving average of $86.10. The company has a market capitalization of $142.84 billion, a P/E ratio of 36.51, a PEG ratio of 2.36 and a beta of 0.85. Nike has a 1-year low of $66.53 and a 1-year high of $96.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 2.01.
Nike (NYSE:NKE) last released its earnings results on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.15. The company had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.43 billion. Nike had a net margin of 10.81% and a return on equity of 47.92%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, sell-side analysts expect that Nike will post 2.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, August 30th. Nike’s payout ratio is currently 35.34%.
In other news, CEO Mark G. Parker sold 165,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $93.42, for a total value of $15,414,300.00. Following the completion of the sale, the chief executive officer now owns 2,054,511 shares of the company’s stock, valued at approximately $191,932,417.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elliott Hill sold 2,770 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $86.96, for a total transaction of $240,879.20. The disclosure for this sale can be found here. Insiders sold a total of 496,945 shares of company stock valued at $45,209,893 in the last three months. Insiders own 3.80% of the company’s stock.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
Featured Article: How do analysts define an oversold condition?
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.