Somewhat Favorable News Coverage Somewhat Unlikely to Impact Nike (NKE) Share Price

Press coverage about Nike (NYSE:NKE) has trended somewhat positive this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nike earned a daily sentiment score of 0.83 on their scale. InfoTrie also gave news coverage about the footwear maker an news buzz score of 4 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Nike’s analysis:

NYSE NKE opened at $88.31 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 0.39. The firm has a market cap of $138.82 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.63 and a beta of 0.67. Nike has a 52 week low of $66.53 and a 52 week high of $90.00.

Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $9.61 billion during the quarter, compared to analyst estimates of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.78%. Nike’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts predict that Nike will post 2.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, March 1st. Nike’s payout ratio is 36.36%.

Several equities research analysts have recently issued reports on NKE shares. Cowen set a $80.00 price objective on shares of Nike and gave the company a “hold” rating in a research report on Friday, January 11th. Canaccord Genuity set a $96.00 target price on shares of Nike and gave the company a “buy” rating in a report on Monday, March 18th. Morgan Stanley set a $103.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, March 22nd. HSBC raised shares of Nike from a “hold” rating to a “buy” rating and raised their target price for the company from $92.00 to $95.00 in a report on Tuesday, January 8th. Finally, Piper Jaffray Companies set a $93.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $87.10.

In other Nike news, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $82.00, for a total transaction of $12,300,000.00. Following the completion of the transaction, the chairman now directly owns 1,539,963 shares of the company’s stock, valued at $126,276,966. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric D. Sprunk sold 40,004 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $87.82, for a total transaction of $3,513,151.28. The disclosure for this sale can be found here. Insiders have sold 316,504 shares of company stock valued at $26,620,816 over the last ninety days. 3.90% of the stock is owned by insiders.

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Nike Company Profile

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.

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