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Insider Trading: NIKE, Inc. (NYSE:NKE) EVP Sells 5,000 Shares

Insider Trading: NIKE, Inc. (NYSE:NKE) EVP Sells 5,000 Shares

On Friday, January 6, Monique S. Matheson, the executive vice president of Nike, Inc., sold 5,000 shares of the company’s stock (NYSE: NKE). $620,000.00 was collected from the stock sale, totaling an average price of $124.00 per share. The current value of the direct ownership stake in the company held by the executive vice president is approximately $7,466,412, equaling 60,213 shares. You can acquire additional information regarding the transaction if you click on the link provided for you. This link will take you to an official document presented to the Securities and Exchange Commission.
Additionally, the business had announced and paid out a quarterly dividend, which took place on December 28 and was paid out to shareholders. On Monday, December 5, $0.34 dividend payments per share were mailed out to stockholders who already had their information on file. An annualized calculation reveals that this equates to a dividend payment of $1.36 and a yield of 1.09%. Moreover, the yield is higher than the dividend payment. We can reach this conclusion because Nike’s most recent quarterly dividend was $0.31, representing an increase. The day that dividends could no longer be collected was December 2, which was last Friday. This brings Nike’s dividend payout ratio (DPR) up to its current 38.31%.
The price of a share of NKE stock rose by $0.32 on Monday, reaching a new high of $124.85. There were 9,395,906 shares traded in the company’s stock, with an average volume of 8,439,701 shares traded during the trading session. Prices for Nike, Inc. have been as low as $82.22 and as high as $153.60 throughout the company’s 52-week trading range. The price-to-earnings ratio of the company is 35.08; the price-to-earnings ratio of the company is P/E/G 4.19; and the company has a beta of 1.09. It is estimated to be worth 195.83 billion dollars at this point. The ratio of the current ratio to the quick ratio is 1.78, while the ratio of the current ratio to the quick ratio is 2.69. The ratio of debt to equity is 0.58. The moving average of the company’s stock price over the past fifty days is $107.72, and the moving average of its stock price over the last 200 days is $104.97.
About Nike, there have been multiple reports composed by analysts from the relevant industry. JPMorgan Chase & Co. recommended a price target of $128.00 for Nike in a research report made available to the general public on Monday, January 2, 2019. According to a research study conducted by the Royal Bank of Canada and made available to the general public on January 2, the price goal for Nike was determined to be $127.00. Credit Suisse Group concluded that the price target for Nike should be set at $132.00 in a research report published and made available to the general public on Tuesday, January 3. On December 16, Cowen released a research report on NIKE in which they upgraded their price objective on the company from $118.00 to $120.00 and gave the stock an “outperform” rating. Barclays increased their price objective for Nike from $83.00 to $109.00 in a research report made public on Wednesday, December 21. The report’s subject matter was the stock of the company. Nineteen market analysts have issued a “buy” recommendation for the stock, while the remaining 13 recommend that investors maintain their current holdings of shares. According to information that Bloomberg.com compiled, the general public currently has a “Moderate Buy” rating for the company, and the price objective that the general public has determined is currently set at $126.11.
In recent months, several hedge funds have been very active in the stock market, purchasing and selling shares o

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