Nike, Inc. (NYSE:NKE) is expected to pay $0.18 on Jan 3, 2017. The indicated annual dividend is $0.72. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on Nike, Inc.’s current price of $50.63, the dividend is 0.36%. This dividend’s record date is Dec 5, 2016 and the announcement date is Nov 18, 2016. The stock decreased 0.02% or $0.01 on November 29, hitting $50.63. About 365 shares traded hands. Nike Inc (NYSE:NKE) has declined 14.58% since April 27, 2016 and is downtrending. It has underperformed by 19.80% the S&P500.
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has a market cap of $83.69 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 22.84 P/E ratio. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.07, from 0.87 in 2016Q1. The ratio increased, as 116 funds sold all Nike Inc shares owned while 470 reduced positions. 98 funds bought stakes while 413 increased positions. They now own 1.02 billion shares or 2.98% less from 1.05 billion shares in 2016Q1.
Nelson Roberts Investment Limited Liability last reported 1,516 shares in the company. Schaper Benz Wise Inv Counsel Wi holds 0.8% of its portfolio in Nike Inc (NYSE:NKE) for 80,335 shares. The Illinois-based Balyasny Asset Management Llc has invested 0.13% in Nike Inc (NYSE:NKE). Jensen Invest Management reported 2.73 million shares or 2.34% of all its holdings. Lazard Asset Ltd Company, a New York-based fund reported 141,905 shares. Dorsey & Whitney Trust Commerce owns 5,838 shares or 0.07% of their US portfolio. Bristol John W And Co Inc last reported 1.65% of its portfolio in the stock. Farmers Merchants Investments Inc has 95,220 shares for 0.59% of their US portfolio. Janus Capital Management Limited Liability Co owns 25.45 million shares or 1.19% of their US portfolio. Oakworth accumulated 0.06% or 2,720 shares. The Wisconsin-based State Of Wisconsin Board has invested 0.33% in Nike Inc (NYSE:NKE). Secor Capital Advsr Limited Partnership has 19,806 shares for 0.14% of their US portfolio. Wcm Investment Mgmt Ca last reported 222,416 shares in the company. Btg Pactual Global Asset Management Ltd has 23,313 shares for 1.39% of their US portfolio. Moreover, Magnetar Fincl has 0.02% invested in Nike Inc (NYSE:NKE) for 18,382 shares.
Insider Transactions: Since July 1, 2016, the stock had 2 insider purchases, and 3 sales for $17.26 million net activity. Slusher John F had sold 72,696 shares worth $4.20M on Tuesday, July 26. 150,000 Nike Inc (NYSE:NKE) shares with value of $7.47M were sold by PARKER MARK G. The insider LECHLEITER JOHN C bought $52,717. Krane Hilary K sold 100,000 shares worth $5.70M.
Nike Inc (NYSE:NKE) Ratings Coverage
Out of 35 analysts covering Nike Inc. (NYSE:NKE), 22 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 63% are positive. $156.0 is the highest target while $51 is the lowest. The $84.06 average target is 66.03% above today’s ($50.63) stock price. Nike Inc. has been the topic of 106 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, March 23 by Goldman Sachs. As per Friday, October 16, the company rating was maintained by Argus Research. JP Morgan maintained the shares of NKE in a report on Monday, March 21 with “Overweight” rating. The firm earned “Outperform” rating on Monday, August 24 by Telsey Advisory Group. Kelsey Advisory Group upgraded Nike Inc (NYSE:NKE) rating on Monday, August 24. Kelsey Advisory Group has “Market Perform” rating and $122 price target. JP Morgan maintained Nike Inc (NYSE:NKE) rating on Wednesday, June 29. JP Morgan has “Overweight” rating and $67 price target. Stifel Nicolaus maintained the shares of NKE in a report on Wednesday, September 28 with “Buy” rating. As per Wednesday, June 29, the company rating was maintained by Piper Jaffray. As per Wednesday, June 29, the company rating was maintained by Credit Suisse. As per Wednesday, September 28, the company rating was maintained by Morgan Stanley.
More notable recent Nike Inc (NYSE:NKE) news were published by: Businesswire.com which released: “NIKE, Inc. Announces Second Quarter Fiscal 2017 Earnings and Conference Call” on November 29, 2016, also Fool.com with their article: “Better Buy: Fitbit Inc vs. Nike Inc” published on November 15, 2016, Investorplace.com published: “Should You Buy Nike Inc (NKE) Stock? 3 Pros, 3 Cons” on November 22, 2016. More interesting news about Nike Inc (NYSE:NKE) were released by: Investorplace.com and their article: “Nike Inc (NKE) Stock Can’t Count on a Save From Santa Claus” published on November 16, 2016 as well as Investorplace.com‘s news article titled: “Nike Inc (NKE) Stock Boosts Dividend, Shareholder Confidence” with publication date: November 21, 2016.
NKE Company Profile
NIKE, Inc., incorporated on September 8, 1969, is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. The Firm sells its products to retail accounts, through its retail stores and Internet Websites, and through a mix of independent distributors and licensees across the world. The Company’s products are manufactured by independent contractors.
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