On February 14, Mark Parker, the Executive Chairman of Nike , Inc. (NYSE:NKE), executed several stock transactions as reported in a recent SEC filing. Parker sold a total of 169,732 shares of Nike’s Class B Common Stock, generating approximately $12.36 million. The shares were sold at a price of $72.83 each. The stock currently trades at $77.59, with Nike maintaining a market capitalization of $114.62 billion. According to InvestingPro analysis, the stock is trading near its Fair Value.
Alongside these sales, Parker also exercised options to acquire 110,000 shares at $56.40 per share, totaling $6.2 million. These transactions were conducted under a 10b5-1 trading plan, which Parker adopted on November 7, 2024. Following these transactions, Parker holds 896,632 shares directly. Nike maintains strong financial health with a P/E ratio of 23.71 and has raised its dividend for 23 consecutive years, as revealed by InvestingPro, which offers 10+ additional valuable insights about Nike’s financial position.
This activity is part of routine financial management, as market transactions by Nike officers and directors are allowed only during specific trading windows. Nike’s comprehensive financial analysis, including detailed valuation metrics and future growth projections, is available through InvestingPro’s exclusive research reports.
In other recent news, Nike Inc. has declared a quarterly cash dividend of $0.40 per share, payable on April 1, 2025. The company has also announced an exciting partnership with Kim Kardashian’s Skims, launching a new women’s activewear brand, NikeSkims. The venture aims to merge Nike’s sports performance expertise with Skims’ focus on the female form and inclusivity. The collaboration, which has been underway since October 2023, plans to release its first collection of products in spring 2025.
In analyst-related news, Truist Securities has maintained a Buy rating on Nike, reiterating a price target of $90.00. This positive outlook is echoed by Williams Trading, which has also maintained a Buy rating on Nike, with a slightly higher target of $93.00. However, UBS has maintained a Neutral rating on Nike’s stock, setting a price target of $73.00, indicating a more cautious outlook. All these recent developments underscore the dynamic nature of Nike’s business and its strategic moves in the athletic apparel and footwear industry.
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