NIKE, Inc. (NYSE:NKE) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its position in NIKE, Inc. (NYSE:NKEGet Rating) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,337 shares of the footwear maker’s stock after selling 173 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in NIKE were worth $987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in NIKE by 7.6% in the 1st quarter. Evergreen Capital Management LLC now owns 104,831 shares of the footwear maker’s stock valued at $14,106,000 after purchasing an additional 7,415 shares during the last quarter. CWM LLC raised its stake in shares of NIKE by 12.5% in the 1st quarter. CWM LLC now owns 17,836 shares of the footwear maker’s stock valued at $2,400,000 after acquiring an additional 1,986 shares during the period. WealthPLAN Partners LLC raised its stake in shares of NIKE by 4.8% in the 1st quarter. WealthPLAN Partners LLC now owns 2,747 shares of the footwear maker’s stock valued at $343,000 after acquiring an additional 126 shares during the period. Executive Wealth Management LLC raised its stake in shares of NIKE by 4.2% in the 1st quarter. Executive Wealth Management LLC now owns 11,937 shares of the footwear maker’s stock valued at $1,606,000 after acquiring an additional 476 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in shares of NIKE by 0.3% in the 1st quarter. Evercore Wealth Management LLC now owns 592,823 shares of the footwear maker’s stock valued at $79,770,000 after acquiring an additional 1,753 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Andrew Campion sold 5,922 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total transaction of $671,673.24. Following the completion of the sale, the chief operating officer now owns 75,295 shares in the company, valued at approximately $8,539,958.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Monique S. Matheson sold 19,500 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $103.45, for a total value of $2,017,275.00. Following the completion of the sale, the executive vice president now owns 80,355 shares in the company, valued at approximately $8,312,724.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew Campion sold 5,922 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $113.42, for a total transaction of $671,673.24. Following the completion of the sale, the chief operating officer now owns 75,295 shares of the company’s stock, valued at approximately $8,539,958.90. The disclosure for this sale can be found here. Insiders sold a total of 59,561 shares of company stock worth $6,374,094 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of NIKE from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. JPMorgan Chase & Co. set a $130.00 price target on shares of NIKE in a research note on Wednesday, August 10th. The Goldman Sachs Group cut their target price on shares of NIKE from $155.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Cowen cut their target price on shares of NIKE from $127.00 to $124.00 and set an “outperform” rating on the stock in a research note on Monday, September 12th. Finally, Cowen cut their target price on shares of NIKE from $127.00 to $124.00 and set an “outperform” rating on the stock in a research note on Monday, September 12th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.42.

NIKE Trading Down 1.3 %

Shares of NIKE stock opened at $104.12 on Friday. The company has a fifty day simple moving average of $109.90 and a 200-day simple moving average of $116.63. NIKE, Inc. has a 12-month low of $99.53 and a 12-month high of $179.10. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.58. The stock has a market cap of $163.32 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.23 and a beta of 1.03.

NIKE (NYSE:NKEGet Rating) last issued its quarterly earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The firm had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $12.10 billion. NIKE had a net margin of 12.94% and a return on equity of 40.74%. NIKE’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. On average, equities analysts forecast that NIKE, Inc. will post 3.78 EPS for the current fiscal year.

NIKE announced that its board has approved a stock buyback program on Monday, June 27th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the footwear maker to buy up to 11% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, September 2nd. NIKE’s dividend payout ratio is currently 32.45%.

About NIKE

(Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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.

Read More

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKEGet Rating).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.