Insider Selling: Nike COO Sells $139,270 In Stock (NKE)

Nike Inc., inc. (NYSE:NKE) COO Eric Sprunk  unloaded 2,062 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $78.05, for a total transaction of $139,270.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Nike Inc., inc. (NYSE:NKE) traded up 1.66% during mid-day trading on Wednesday, hitting $19.49.  2.38 Million shares of the company’s stock traded hands. Nike Inc., inc. has a 52 week low of $62.60 and a 52 week high of $80.26. The stock has a 50-day moving average of $79.17 and a 200-day moving average of $78.91. The company’s market cap is $69.95 billion.

Nike Inc., inc. (NYSE:NKE) last posted its quarterly earnings results on June 26th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Nike Inc., inc. will post $3.39 EPS for the current fiscal year.

Old_Nike_logoNKE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Nike Inc., in a research note on Thursday, July 17th. They now have a $81.00 price target on the stock.  Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Nike Inc., inc. in a research note on  June 27th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Nike Inc., inc. in a research note on March 21, 2014. They now have a $80.00 price target on the stock, up from $72.00. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “OVERWEIGHT” and an average price target of $86.20.

NIKE, Inc. (NIKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services. NIKE is a seller of athletic footwear and athletic apparel worldwide. The Company focuses its product offerings in seven key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, NIKE Sportswear (its sports-inspired products) and Action Sports. It also markets products designed for kids, as well as for other athletic and recreational uses, such as baseball, cricket, golf, lacrosse, outdoor activities, football (American), tennis, volleyball, walking and wrestling. In February 2013, it sold its Cole Haan affiliate brand to APAX Partners LLP..