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You are at:Home » Nike Director John W. Rogers acquires $191,624 in stock
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Nike Director John W. Rogers acquires $191,624 in stock

Adnan MaharBy Adnan MaharDecember 30, 2024No Comments2 Mins Read0 Views
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John W. Rogers (NYSE:) Jr., a director of Nike Inc. (NYSE:NKE), recently purchased 2,500 shares of the company’s Class B common stock. The transaction, which took place on December 27, valued the company at approximately $191,624, with an average purchase price of $76.65 per share. The acquisition comes as Nike’s stock, currently valued at $111.49 billion, is trading near its 52-week low at $74.68. The stock appears to be slightly undervalued, according to InvestingPro’s analysis. Following this acquisition, Rogers will now directly own a total of 34,403 shares. This transaction is consistent with Nike’s corporate policy of allowing its officers and directors to trade the market during specified trading periods. The company maintains a solid dividend yield of 2.09% and has increased its dividend for 23 consecutive years. While 21 analysts have recently revised their earnings estimates downward, detailed analysis and additional insights are available through InvestingPro’s comprehensive research report.

In other recent news, nike (NYSE:) is the subject of multiple analyst reratings. UBS maintained its rating on Nike’s stock at “neutral,” citing concerns about near-term earnings risks from inventory management and potential delays in the new product pipeline. Meanwhile, Baird maintained its Outperform rating, revised its price target to $105, and expects significant commodity-driven movement through fiscal 2026. Trust Securities lowered its price target to $90, but maintained a Buy rating in anticipation of near-term challenges with new investments. CEO Elliott Hill’s turnaround efforts. Stifel lowered Nike’s price target to $75 and maintained a hold rating, based on expected fiscal 2027 earnings per share (EPS) of $2.88. Finally, TD Cowen lowered Nike’s price target from $73 to $69 and maintained a Hold rating. Because Nike’s FY26 EPS may decrease. These recent moves come as Nike, under new CEO Elliot Hill, embarks on a strategic initiative focused on improving its competitiveness and strengthening its direct-to-consumer channels.

This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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