NIKE, Inc. (NYSE:NKE) Shares Purchased by PFG Investments LLC

PFG Investments LLC increased its holdings in NIKE, Inc. (NYSE:NKE) by 5.4% in the second quarter, HoldingsChannel.com reports. The firm owned 8,908 shares of the footwear maker’s stock after buying an additional 453 shares during the quarter. PFG Investments LLC’s holdings in NIKE were worth $671,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 9258 Wealth Management LLC raised its position in shares of NIKE by 23.9% during the 4th quarter. 9258 Wealth Management LLC now owns 4,366 shares of the footwear maker’s stock worth $474,000 after purchasing an additional 842 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in NIKE by 34.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock worth $1,259,000 after buying an additional 2,981 shares in the last quarter. Moran Wealth Management LLC increased its stake in NIKE by 29.5% during the 4th quarter. Moran Wealth Management LLC now owns 8,231 shares of the footwear maker’s stock worth $894,000 after buying an additional 1,877 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of NIKE by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 208,608 shares of the footwear maker’s stock valued at $22,649,000 after acquiring an additional 538 shares during the last quarter. Finally, Apexium Financial LP purchased a new position in shares of NIKE in the fourth quarter valued at approximately $259,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group reiterated a “neutral” rating and set a $78.00 price target on shares of NIKE in a research report on Friday, June 28th. TD Cowen reduced their target price on shares of NIKE from $75.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Guggenheim decreased their price target on shares of NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Evercore ISI dropped their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Finally, Barclays lowered shares of NIKE from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $109.00 to $80.00 in a research note on Friday, June 28th. Fourteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.59.

NIKE Stock Up 0.4 %

NYSE:NKE opened at $78.40 on Thursday. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The stock’s fifty day moving average is $77.09 and its two-hundred day moving average is $88.12. The stock has a market capitalization of $118.33 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Research analysts anticipate that NIKE, Inc. will post 3.1 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a yield of 1.89%. NIKE’s dividend payout ratio is presently 39.68%.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.