Mirabella Financial Services LLP Purchases 803 Shares of NIKE, Inc. (NYSE:NKE)

Mirabella Financial Services LLP boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 15.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,170 shares of the footwear maker’s stock after buying an additional 803 shares during the quarter. Mirabella Financial Services LLP’s holdings in NIKE were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Moneta Group Investment Advisors LLC raised its holdings in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after buying an additional 16,801,276 shares during the last quarter. Norges Bank bought a new stake in NIKE during the 4th quarter valued at $1,345,203,000. Morgan Stanley raised its holdings in NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after buying an additional 6,410,744 shares during the last quarter. Marshall Wace LLP raised its holdings in NIKE by 364.3% during the 4th quarter. Marshall Wace LLP now owns 2,845,044 shares of the footwear maker’s stock valued at $332,899,000 after buying an additional 2,232,240 shares during the last quarter. Finally, FMR LLC raised its holdings in NIKE by 11.8% during the 1st quarter. FMR LLC now owns 19,087,757 shares of the footwear maker’s stock valued at $2,340,922,000 after buying an additional 2,011,891 shares during the last quarter. 63.42% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In other news, CFO Matthew Friend sold 5,545 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $593,315.00. Following the transaction, the chief financial officer now owns 42,119 shares in the company, valued at approximately $4,506,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Matthew Friend sold 5,545 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $593,315.00. Following the transaction, the chief financial officer now owns 42,119 shares in the company, valued at approximately $4,506,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Johanna Nielsen sold 1,706 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total transaction of $182,542.00. Following the completion of the transaction, the vice president now owns 954 shares in the company, valued at approximately $102,078. The disclosure for this sale can be found here. Insiders have sold 157,251 shares of company stock worth $17,063,257 in the last quarter. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of research analyst reports. Bank of America reduced their price objective on shares of NIKE from $135.00 to $125.00 in a research report on Friday, June 30th. VNET Group reissued a “maintains” rating on shares of NIKE in a research report on Friday, June 30th. Stifel Nicolaus reduced their price objective on shares of NIKE from $143.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. OTR Global downgraded shares of NIKE to a “positive” rating in a research report on Tuesday, June 20th. Finally, Barclays reduced their price objective on shares of NIKE from $127.00 to $124.00 in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.68.

NIKE Stock Performance

NKE traded up $0.65 during midday trading on Monday, hitting $102.36. 6,359,500 shares of the company traded hands, compared to its average volume of 6,900,117. The company has a quick ratio of 1.81, a current ratio of 2.72 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $156.61 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12. The company’s 50-day moving average is $107.02 and its 200 day moving average is $114.28. NIKE, Inc. has a 52 week low of $82.22 and a 52 week high of $131.31.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 29th. The footwear maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.58 billion. NIKE had a net margin of 9.90% and a return on equity of 34.01%. NIKE’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. On average, research analysts expect that NIKE, Inc. will post 3.71 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, September 1st. NIKE’s dividend payout ratio (DPR) is presently 42.11%.

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.