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President and CEO of Nike Inc. Mark G. Parker Sold 120,000 Shares

July 24, 2013 | About:
alicet236

alicet236

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Nike Inc. was incorporated in 1968 under the laws of the state of Oregon. The company's main business activity is the design, development and worldwide marketing of high quality footwear, apparel, equipment and accessory products. Nike Inc. has a market cap of $56.2 billion; its shares were traded at around $62.79 with a P/E ratio of 24.50 and P/S ratio of 2.30. The dividend yield of Nike Inc. stocks is 1.30%. Nike, Inc. had an annual average earnings growth of 8.1% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 4.5-star.

President and CEO of Nike Inc. (NKE) Mark G. Parker sold 120,000 shares on July 22, 2013 at an average price of $63.5. The total transaction amount was $7,620,000.

Mark Parker has worked at Nike Inc. as chief executive officer, president and a director since 2006. Since 1979, Parker has served at this company in various positions such as corporate vice president and general manager.

In addition to his sell on July 22, Mr. Parker also sold 40,000 shares of NKE stock on April 2, 2013 at the average price of $59.01. From March to May, EVP and CFO Donald W. Blair has sold a total of 99,000 shares of NKE stock. Other directors and officers also sold shares.

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GuruFocus Gurus Ken Heebner and Joel Greenblatt both initiated their position in Nike. As of March 31, 2013, Ken Heebner bought 410,000 shares and Joel Greenblatt bought 5,709 shares. Frank Sands, Tom Gayner, Mario Gabelli, and Scott Black all kept their position in NKE unchanged or slightly adjusted. GuruFocus Guru Ken Fisher, who owns 9,854 shares, reduced his position in the Company, and John Hussman and Robert Olstein both sold out their holding of NKE.

Nike Inc. reported its 2013 fourth fiscal quarter results. The company announced net income of $668 million and net sales of $6.7 billion.


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