Stocks of Nike, Inc. (NYSE:NKE) traded higher last session on Wall Street, down -0.18% to $94.02.
NKE stock price is now -4.19% away from the 50-day moving average and -8.74% away from the 200-day moving average. The market capitalization of the company currently stands at $141.92B.
With the price target enhanced from $110 to $113, BofA Securities Upgraded its rating from Neutral to Buy for Nike, Inc. (NYSE: NKE). On March 22, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $120 to quote $115, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, PARKER MARK G, EXECUTIVE CHAIRMAN sold 168,378 shares of the company’s stock on Feb 14 ’24. The stock was sold for $17,679,690 at an average price of $105.00. Upon completion of the transaction, the EXECUTIVE CHAIRMAN now directly owns 1,178,845 shares in the company, valued at $110.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’23, EVP: CHRO Matheson Monique S. sold 10,000 shares of the business’s stock. A total of $1,190,000 was realized by selling the stock at an average price of $119.00. This leaves the insider owning 44,736 shares of the company worth $4.21 million. A total of 22.45% of the company’s stock is owned by insiders.
During the past 12 months, Nike, Inc. has had a low of $88.66 and a high of $128.68. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 2.74, and a quick ratio of 1.89.
The net profit margin was 10.14% and return on equity was 36.38% for NKE. The company reported revenue of $12.43 billion for the quarter, compared to $12.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.31 percent.
