B.O.S.S. Retirement Advisors LLC Purchases 16,811 Shares of NIKE, Inc. (NYSE:NKE)

B.O.S.S. Retirement Advisors LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 954.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,573 shares of the footwear maker’s stock after purchasing an additional 16,811 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in NIKE were worth $2,050,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. America First Investment Advisors LLC purchased a new position in NIKE in the first quarter worth $27,000. Tucker Asset Management LLC purchased a new position in NIKE in the first quarter worth $29,000. Financial Freedom LLC bought a new stake in NIKE in the fourth quarter worth about $29,000. Ruedi Wealth Management Inc. bought a new stake in NIKE in the fourth quarter worth about $30,000. Finally, Worth Asset Management LLC bought a new stake in NIKE in the first quarter worth about $32,000. 63.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NIKE news, CFO Matthew Friend sold 5,545 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly 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 can be accessed through the SEC website. In other news, VP Johanna Nielsen sold 1,706 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total transaction of $182,542.00. Following the sale, the vice president now owns 954 shares in the company, valued at approximately $102,078. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Matthew Friend sold 5,545 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total transaction of $593,315.00. Following the sale, the chief financial officer now owns 42,119 shares in the company, valued at approximately $4,506,733. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,251 shares of company stock worth $17,063,257. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lowered their price objective on shares of NIKE from $127.00 to $124.00 in a research report on Friday, June 30th. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $133.00 to $126.00 in a research report on Friday, June 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $135.00 target price on shares of NIKE in a research report on Friday, June 30th. Erste Group Bank reiterated a “hold” rating on shares of NIKE in a research report on Friday, September 8th. Finally, Bank of America cut their target price on shares of NIKE from $135.00 to $125.00 in a research report on Friday, June 30th. Three investment 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.28.

NIKE Trading Down 1.0 %

NKE traded down $0.93 during trading on Friday, hitting $96.26. 10,467,337 shares of the stock traded hands, compared to its average volume of 7,550,261. The firm has a market capitalization of $147.27 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.72 and a quick ratio of 1.81. The firm has a 50-day moving average of $104.86 and a 200 day moving average of $112.91. NIKE, Inc. has a 12-month low of $82.22 and a 12-month high of $131.31.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.66 earnings per share 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 business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 3.71 EPS for the current year.

NIKE Dividend Announcement

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

About NIKE

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.