WMS Partners LLC raised its position in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 18.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,739 shares of the footwear maker’s stock after buying an additional 571 shares during the quarter. WMS Partners LLC’s holdings in NIKE were worth $459,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in shares of NIKE during the 1st quarter worth approximately $27,000. Tucker Asset Management LLC acquired a new stake in shares of NIKE during the 1st quarter worth approximately $29,000. Financial Freedom LLC acquired a new stake in shares of NIKE during the 4th quarter worth approximately $29,000. Ruedi Wealth Management Inc. acquired a new stake in shares of NIKE during the 4th quarter worth approximately $30,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of NIKE during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 63.42% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on NKE. Barclays dropped their price target on NIKE from $127.00 to $124.00 in a research report on Friday, June 30th. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $133.00 to $126.00 in a research report on Friday, June 23rd. Robert W. Baird lowered their target price on NIKE from $138.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, July 3rd. UBS Group raised their target price on NIKE from $145.00 to $150.00 in a research report on Friday, June 30th. Finally, Wedbush raised their target price on NIKE from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.68.
Insider Buying and Selling at NIKE
In other NIKE news, EVP Monique S. Matheson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $108.59, for a total transaction of $4,343,600.00. Following the transaction, the executive vice president now directly owns 44,736 shares in the company, valued at $4,857,882.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Matthew Friend sold 5,545 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total value of $593,315.00. Following the sale, the chief financial officer now directly owns 42,119 shares of the company’s stock, valued at $4,506,733. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Monique S. Matheson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $108.59, for a total value of $4,343,600.00. Following the completion of the sale, the executive vice president now directly owns 44,736 shares in the company, valued at $4,857,882.24. The disclosure for this sale can be found here. Insiders have sold a total of 157,251 shares of company stock worth $17,063,257 over the last three months. Corporate insiders own 0.50% of the company’s stock.
NIKE Price Performance
Shares of NKE traded down $0.74 during trading hours on Wednesday, hitting $99.58. 1,324,771 shares of the company were exchanged, compared to its average volume of 6,864,749. The company has a market capitalization of $152.35 billion, a PE ratio of 30.94, a PEG ratio of 1.81 and a beta of 1.12. The firm has a fifty day simple moving average of $106.56 and a 200-day simple moving average of $113.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.72 and a quick ratio of 1.81. NIKE, Inc. has a one year low of $82.22 and a one year high of $131.31.
NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings data 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). NIKE had a return on equity of 34.01% and a net margin of 9.90%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. NIKE’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that NIKE, Inc. will post 3.71 earnings per share for the current year.
NIKE Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.37%. NIKE’s dividend payout ratio (DPR) is currently 42.11%.
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.
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