AE Wealth Management LLC Buys 60,739 Shares of NIKE, Inc. (NYSE:NKE)

AE Wealth Management LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 83.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 133,454 shares of the footwear maker’s stock after acquiring an additional 60,739 shares during the period. AE Wealth Management LLC’s holdings in NIKE were worth $14,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NKE. Stonebridge Capital Advisors LLC lifted its stake in shares of NIKE by 1.2% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 105,276 shares of the footwear maker’s stock worth $12,911,000 after purchasing an additional 1,227 shares during the period. NorthCrest Asset Manangement LLC bought a new position in shares of NIKE in the 1st quarter worth approximately $403,000. Sound View Wealth Advisors Group LLC lifted its stake in shares of NIKE by 60.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 10,274 shares of the footwear maker’s stock worth $1,260,000 after purchasing an additional 3,852 shares during the period. Salvus Wealth Management LLC bought a new position in shares of NIKE in the 1st quarter worth approximately $215,000. Finally, Park Avenue Securities LLC lifted its stake in shares of NIKE by 13.3% in the 1st quarter. Park Avenue Securities LLC now owns 29,927 shares of the footwear maker’s stock worth $3,670,000 after purchasing an additional 3,511 shares during the period. Institutional investors own 63.42% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Monique S. Matheson sold 40,000 shares of NIKE stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $108.59, for a total value of $4,343,600.00. Following the transaction, the executive vice president now owns 44,736 shares in the company, valued at $4,857,882.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Monique S. Matheson sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were 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 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 accessible through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $108.58, for a total transaction of $11,943,800.00. Following the completion of the transaction, the chairman now 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 have sold 157,251 shares of company stock worth $17,063,257 over the last quarter. Insiders own 0.50% of the company’s stock.

NIKE Stock Down 1.0 %

NYSE:NKE opened at $96.26 on Friday. NIKE, Inc. has a twelve month low of $82.22 and a twelve month high of $131.31. The company has a market cap of $147.27 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The stock has a fifty day simple moving average of $104.70 and a 200-day simple moving average of $112.71. The company has a current ratio of 2.72, a quick ratio of 1.81 and a debt-to-equity ratio of 0.64.

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). The firm had revenue of $12.80 billion during 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%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Analysts anticipate that NIKE, Inc. will post 3.71 EPS 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 paid 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%.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Barclays reduced their target price on shares of NIKE from $127.00 to $124.00 in a report on Friday, June 30th. Williams Trading reduced their target price on shares of NIKE from $95.00 to $91.00 and set a “sell” rating for the company in a report on Thursday, September 7th. VNET Group reissued a “maintains” rating on shares of NIKE in a report on Friday, June 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $133.00 to $126.00 in a report on Friday, June 23rd. Finally, Raymond James cut their price objective on shares of NIKE from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Friday, June 30th. Three 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.28.

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.