The insider sell/buy ratio of NIKE, Inc. (NYSE:NKE) is recorded at 151.87, pointing to bearish feelings about the stock among corporate executives and directors. NKE recorded 5 sales on the open market in the last three months. They sold nearly 357,644 shares while purchases amounted to 2,355 shares that period. Looking even further back to 12 months, corporate insiders offloaded 22,415,552 shares when buyers snapped up 14,235,531 shares. The 12-month’s totals signify about a 1.57-to-1 sell/buy ratio.
Slusher John F parted with a total of 200 thousand shares of NIKE, Inc. (NKE) at average share price of $74.05. This insider trade in the company took place on 01/02/2019. The total for the sales was set at $14.81 million. After this transaction, the EVP: GBL SPORTS MKTG account balance stood at 187.55 thousand shares. The stock grew 2.69 percent since that insider sale. On 01/02/2019, Parker Mark G, CHAIRMAN, PRESIDENT & CEO, sold 150 thousand shares at a price per share of $73.68. This removed 11.05 million shares from the insider’s fortune and the stock saw a 3.2 percent rally in value since the news became public. This transaction left 1.57 million shares in the CHAIRMAN, PRESIDENT & CEO account.
On 09/19/2018, Director Rodgers Johnathan A performed a sale transaction worth $1.36 million. This sale at $85.05 each has eliminated 16 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -10.59 percent decrease since the transaction was reported. The insider now is left with 12.76 thousand shares remaining in the account. Matheson Monique S., who performs the EVP: HR job, sold 17 thousand shares for $1.45 million. The disposal occurred on 09/18/2018 was priced at $85 per share. The share price plunged -10.54 percent since the reporting date. Matheson Monique S. now left with a stake of 99.02 thousand NKE stock worth $7.53 million after the insider selling.
The 12-month median price target for NIKE, Inc. (NKE) assigned by the analysts stands at $87.5, which represents a return potential of 15.07 percent when compared to the closing price of the stock of $76.04 on Friday, January 11. The lowest price target for the stock is $55 — slightly more than -27.67 percent from NKE’s current share price. The stock will probably climb 13.55 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $103-month high price target. This represents a whopping 35.46 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 55.34 on daily chart, which may remain a cause for concern. If the price breaks below $75.15 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $76.69 mark may result into a pull-back move towards $77.33 level. The stock is currently hovering around the first support level of $75.6. Below this, the next support is placed in the zone of $75.15. Till the time, the NKE stock trades above this level, bulls have nothing to fear.
Shares of NIKE, Inc. (NKE) are trading at a P/E ratio of 28.73 times earnings reported for the past 12 months. The industry NKE operates in has an average P/E of 22.81. Its P/E ratio went as low as 21.15X and as high as 30.04 over the 5-year span. Further, it is sporting a 3.16 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.22. 44.1 percent is the gross profit margin for NIKE, Inc. and operating margin sits at 12.4 percent. Along with this, the net profit margin is 5.7 percent.
On 11th of January, NIKE, Inc. (NYSE:NKE) shares ended lower after a volatile session. The shares dropped -0.38 points or -0.5 percent at $76.04 with a heavy trade volume of 10.605 million shares. After opening the session at $76.34, the shares went as high as $76.89 and as low as $75.8, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $120 billion and now has 1.58 billion shares outstanding. NIKE, Inc. (NKE) stock has gained 3.36 percent of market value in 21 trading days.
NKE stock has a trailing 3-year beta of 0.64, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.57 a share in the trailing twelve months. The stock’s value has surged 2.56 percent year to date (YTD) against a rise of 18.41 percent in 12 month’s time. The company’s shares still trade -11.62 percent away from its 1-year high of $86.04 and 22.47 percent up from 52-week low of $62.09. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.