Peoples Financial Services CORP. raised its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,279 shares of the footwear maker’s stock after buying an additional 466 shares during the period. Peoples Financial Services CORP.’s holdings in NIKE were worth $1,355,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in NIKE in the first quarter valued at $27,000. Tucker Asset Management LLC acquired a new stake in NIKE in the first quarter valued at $29,000. Financial Freedom LLC purchased a new position in shares of NIKE during the fourth quarter worth about $29,000. Ruedi Wealth Management Inc. purchased a new position in shares of NIKE during the fourth quarter worth about $30,000. Finally, Worth Asset Management LLC purchased a new position in shares of NIKE during the first quarter worth about $32,000. 63.42% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
NKE has been the topic of several research reports. StockNews.com initiated coverage on NIKE in a report on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James dropped their price objective on NIKE from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Friday, June 30th. Wedbush raised their price objective on NIKE from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Citigroup dropped their price objective on NIKE from $125.00 to $109.00 in a report on Tuesday, June 13th. Finally, VNET Group reaffirmed a “maintains” rating on shares of NIKE in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.28.
NIKE Price Performance
Shares of NIKE stock traded down $0.93 during trading on Friday, hitting $96.26. 10,467,337 shares of the company were exchanged, compared to its average volume of 7,550,261. The company has a quick ratio of 1.81, a current ratio of 2.72 and a debt-to-equity ratio of 0.64. NIKE, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $131.31. The stock has a market capitalization of $147.27 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.12. The firm has a 50 day moving average price of $104.70 and a 200 day moving average price of $112.71.
NIKE (NYSE:NKE – Get Free Report) last issued 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 company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that NIKE, Inc. will post 3.71 earnings per share for the current fiscal year.
NIKE Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.41%. NIKE’s dividend payout ratio is currently 42.11%.
Insider Buying and Selling
In related news, CFO Matthew Friend sold 5,545 shares of NIKE 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 $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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NIKE news, CFO Matthew Friend sold 5,545 shares of NIKE 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 completion of the sale, the chief financial officer now directly owns 42,119 shares of the company’s stock, valued at approximately $4,506,733. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Johanna Nielsen sold 1,706 shares of NIKE 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 sale, the vice president now directly owns 954 shares of the company’s stock, valued at $102,078. The disclosure for this sale can be found here. Insiders sold 157,251 shares of company stock worth $17,063,257 in the last ninety days. Insiders own 0.50% of the company’s stock.
NIKE Company 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.
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