NIKE, Inc. (NYSE:NKE) Shares Sold by Park National Corp OH

Park National Corp OH decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,463 shares of the footwear maker’s stock after selling 8,747 shares during the period. Park National Corp OH’s holdings in NIKE were worth $15,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co boosted its stake in shares of NIKE by 0.3% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 29,026 shares of the footwear maker’s stock valued at $3,396,000 after purchasing an additional 80 shares during the period. Vestcor Inc boosted its position in NIKE by 0.3% in the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock valued at $3,508,000 after buying an additional 81 shares during the period. CWS Financial Advisors LLC grew its stake in shares of NIKE by 2.9% in the first quarter. CWS Financial Advisors LLC now owns 2,896 shares of the footwear maker’s stock worth $355,000 after acquiring an additional 82 shares in the last quarter. Essex Savings Bank increased its position in shares of NIKE by 1.2% during the first quarter. Essex Savings Bank now owns 6,940 shares of the footwear maker’s stock worth $851,000 after acquiring an additional 83 shares during the period. Finally, West Family Investments Inc. raised its stake in shares of NIKE by 2.9% in the first quarter. West Family Investments Inc. now owns 3,029 shares of the footwear maker’s stock valued at $371,000 after acquiring an additional 84 shares in the last quarter. 63.42% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Up 0.6 %

NYSE NKE opened at $96.67 on Thursday. 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 stock has a market capitalization of $147.90 billion, a P/E ratio of 29.76, a P/E/G ratio of 1.73 and a beta of 1.12. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $131.31. The firm has a 50-day moving average price of $105.24 and a 200 day moving average price of $113.14.

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

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.41%. NIKE’s dividend payout ratio (DPR) is presently 42.11%.

Analysts Set New Price Targets

A number of research firms have issued reports on NKE. Raymond James reduced their price target on NIKE from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Friday, June 30th. Royal Bank of Canada lowered their price target on shares of NIKE from $138.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, June 30th. VNET Group restated a “maintains” rating on shares of NIKE in a report on Friday, June 30th. Wedbush increased their target price on NIKE from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $133.00 to $126.00 in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.28.

Insider Activity at NIKE

In other NIKE news, VP Johanna Nielsen sold 1,706 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total transaction of $182,542.00. Following the transaction, the vice president now directly owns 954 shares in the company, valued at $102,078. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Johanna Nielsen sold 1,706 shares of NIKE stock in a transaction 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 directly owns 954 shares of the company’s stock, valued at $102,078. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $108.58, for a total value of $11,943,800.00. Following the completion of the sale, the chairman now directly owns 1,334,781 shares in the company, valued at approximately $144,930,520.98. The disclosure for this sale can be found here. Insiders sold 157,251 shares of company stock worth $17,063,257 over the last 90 days. Company 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.