The short interest of Nike stocks has gone up from 12,690,000 shares to 14,120,000 shares which is an increase of 11.3%. Based on the daily average trading volume, the ratio of days-to-cover is currently 2.2 days. Approximately, stocks sold short are 1.2%.
Matthew Friend, CFO sold around 75,000 NKE shares on September 15th. Heidi O’ Neill on the same day sold 22,000 shares. Insiders sold around 767,276 shares in the past 90 days worth around $97,051,637.Insiders own around 3.80% of stocks.
NKE Stock Valuation and Ratings
Several institutional investors and hedge funds also increased or decreased their stakes. RNC Capital LLC increased its position by 5.4% in the 3rd quarter. Townsquare Capital increased its position by 9% in the 3rd quarter. Strategic Wealth Group increased its position by 1.4 % in the same period. Institutional investors currently own around 55.61% of the total company’s stocks.
NKE stock has an 82.15 P/E ratio,2.88 price-to-earnings-growth ratios, and a 0.82 beta. Further, it has a 1.02 debt-equity ratio,1.77 quick ratios, and 2.55 current ratio. It has a moving average(50-day) of $129.53 and a moving average(200 days) of $112.01.The revenue of the company is down by 6% from the last year.
Numerous research analysts have been releasing reports about NKE stocks. Telsey Group issued a rating of “outperform”, Guggenheim issued a rating of “buy”, Jeffries Group issued a rating of “neutral” and Wells Fargo issued a rating of “overweight”.While one analyst has issued a rating of “sell”, four have issued a rating of “hold” and thirty analysts have rated it as “buy”.
NKE with the company’s subsidiaries develops, markets, sells, and designs athletic apparel, equipment, accessories, and footwear worldwide.NKE offers brand products in a total of six categories: NIKE basketball, Jordan brand, training, sportswear, football, and running. Also, it markets products for kids and recreational and athletic purposes like baseball, cricket, lacrosse, tennis, skateboarding, volleyball, wrestling, walking, American football, etc. They also design apparel with professional teams, licensed college, league logos, and sports apparel.