NIKE (NYSE:NKE – Get Free Report) announced its quarterly earnings data on Thursday. The footwear maker reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.19, Briefing.com reports. NIKE had a return on equity of 34.97% and a net margin of 9.82%. The business had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year.

NIKE Stock Performance

NYSE:NKE traded up $1.10 during trading hours on Thursday, reaching $122.53. The company had a trading volume of 10,508,573 shares, compared to its average volume of 7,422,544. The firm has a market cap of $186.48 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.07. NIKE has a 1-year low of $88.66 and a 1-year high of $131.31. The business’s 50 day moving average price is $108.86 and its 200-day moving average price is $105.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.87 and a quick ratio of 1.84.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a dividend of $0.37 per share. This is a boost from NIKE’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 1st. NIKE’s dividend payout ratio (DPR) is currently 45.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NKE shares. HSBC dropped their price target on shares of NIKE from $120.00 to $113.00 and set a “hold” rating on the stock in a research note on Monday, September 18th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $135.00 in a report on Monday, December 11th. TheStreet upgraded shares of NIKE from a “c+” rating to a “b” rating in a report on Tuesday, December 12th. TD Cowen increased their target price on NIKE from $117.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Finally, Guggenheim restated a “buy” rating and issued a $135.00 price target on shares of NIKE in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $124.77.

Read Our Latest Stock Analysis on NKE

Insider Activity

In other NIKE news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $119.00, for a total value of $1,190,000.00. Following the completion of the transaction, the executive vice president now owns 44,736 shares in the company, valued at $5,323,584. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robert Holmes Swan purchased 13,072 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were purchased at an average price of $96.13 per share, with a total value of $1,256,611.36. Following the purchase, the director now owns 18,005 shares of the company’s stock, valued at $1,730,820.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $119.00, for a total transaction of $1,190,000.00. Following the transaction, the executive vice president now owns 44,736 shares of the company’s stock, valued at $5,323,584. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Financial Freedom LLC acquired a new position in NIKE in the 4th quarter valued at $29,000. Worth Asset Management LLC acquired a new stake in shares of NIKE in the first quarter valued at about $32,000. Gyon Technologies Capital Management LP purchased a new position in shares of NIKE in the fourth quarter worth about $36,000. Power Corp of Canada acquired a new position in NIKE during the first quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of NIKE in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 63.42% of the company’s stock.

NIKE Company Profile (Get Free Report)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

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Original: MarketBeat News Feed: NIKE (NYSE:NKE) Issues Earnings Results, Beats Estimates By $0.19 EPS