Arizona will withdraw incentives for NIKE, Inc. (NYSE:NKE) manufacturing plant in the state after the sportswear maker pulled the release of a sneaker that featured an old version of the American flag, Governor Doug Ducey said on Tuesday. Nike decided to recall the shoe after former NFL quarterback and Nike endorser Colin Kaepernick asked the company not to sell a shoe with a symbol that he and others consider offensive because of its connection to an era of slavery, the Wall Street Journal reported here on Monday.
The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the NKE is 1.10%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the NKE is 85.10%.
Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that NKE. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the NIKE, Inc. (NYSE:NKE) is -5.31%.
Institutional transactions is the amount of a NIKE, Inc. (NYSE:NKE)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the NKE is 0.87%.
A Consumer Goods sector firm, NIKE, Inc. (NYSE:NKE)
stock went down -0.53% on Tuesday and when day-trade ended the stock finally
concluded at $84.96 and number of shares that changed hands during the day are
7.19 Million. The number of shares NKE stock currently held by all its
shareholders are 1566.32 and floated shares, the number of shares are available
for trading in an open market on last trading day are 1242.38. The average
volume of shares for 3 months is 6565.58 and NKE stock value has moved between
$66.38 – 90.38 in last one year.
The NIKE, Inc. (NYSE:NKE)’s latest earnings date is 6/27/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The valuable gross margin for NIKE, Inc. (NYSE:NKE) is 44.50% and the profit margin is 5.60% and the stock has gained 14.59% in 2019 to date.
NIKE, Inc. (NYSE:NKE)’s monthly stock performance is 8.98%, the quarterly performance is 0.70%, the half year performance is calculated as 14.59%. The yearly performance of NKE is 6.63%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The NIKE, Inc. (NYSE:NKE) weekly volatility is measured as 1.63% and monthly volatility measured as 1.75%.
Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. NKE return on assets is 9.50%, the return on equity (ROE) of the NIKE, Inc. (NYSE:NKE) is 23.60%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and NKE return on investment is 30.00%.
The price to earnings ratio is 33.75, price to sales ratio is 3.44, and price to book ratio is 14.91, price to cash per share ration is 32.89, price to free cash flow is 38.73.
Analysts mean target price for NIKE, Inc. (NYSE:NKE) is $92.09 while analysts mean recommendation is 2.10. The current share price indicates that stock is -5.60% away from its one year high and is moving 27.70% ahead of its 52-week low. NKE’s distance from 20 day simple moving average is 1.79% and distance from 50-Day simple moving average is 1.50%.