Y.D. More Investments Ltd increased its position in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 251.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,934 shares of the footwear maker’s stock after purchasing an additional 3,530 shares during the quarter. Y.D. More Investments Ltd’s holdings in NIKE were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co increased its position in NIKE by 0.3% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 29,026 shares of the footwear maker’s stock worth $3,396,000 after buying an additional 80 shares during the last quarter. Vestcor Inc increased its holdings in shares of NIKE by 0.3% during the 4th quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock worth $3,508,000 after acquiring an additional 81 shares during the last quarter. CWS Financial Advisors LLC raised its stake in NIKE by 2.9% in the 1st quarter. CWS Financial Advisors LLC now owns 2,896 shares of the footwear maker’s stock valued at $355,000 after acquiring an additional 82 shares during the period. Essex Savings Bank lifted its holdings in NIKE by 1.2% during the 1st quarter. Essex Savings Bank now owns 6,940 shares of the footwear maker’s stock valued at $851,000 after purchasing an additional 83 shares during the last quarter. Finally, West Family Investments Inc. boosted its position in NIKE by 2.9% during the first quarter. West Family Investments Inc. now owns 3,029 shares of the footwear maker’s stock worth $371,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 63.42% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NKE. UBS Group boosted their price objective on NIKE from $145.00 to $150.00 in a report on Friday, June 30th. HSBC lowered their price objective on NIKE from $120.00 to $112.00 in a research report on Monday. KeyCorp began coverage on shares of NIKE in a research report on Tuesday, July 25th. They issued a “sector weight” rating for the company. VNET Group reiterated a “maintains” rating on shares of NIKE in a research note on Friday, June 30th. Finally, Bank of America decreased 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, nine have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $129.07.
NIKE Stock Down 0.2 %
Shares of NYSE:NKE traded down $0.17 during mid-day trading on Monday, hitting $96.09. 966,131 shares of the company traded hands, compared to its average volume of 6,896,507. The company has a current ratio of 2.72, a quick ratio of 1.81 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $104.70 and a two-hundred day moving average price of $112.67. NIKE, Inc. has a 12-month low of $82.22 and a 12-month high of $131.31. The stock has a market cap of $147.02 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.12.
NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.58 billion. NIKE had a return on equity of 34.01% and a net margin of 9.90%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 3.71 earnings per share for the current year.
NIKE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be paid 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 1.42%. NIKE’s dividend payout ratio is currently 42.11%.
Insider Buying and Selling at NIKE
In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $108.58, for a total value of $11,943,800.00. Following the sale, the chairman now owns 1,334,781 shares of the company’s stock, valued at approximately $144,930,520.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Johanna Nielsen sold 1,706 shares of the 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 transaction, the vice president now owns 954 shares of the company’s stock, valued at approximately $102,078. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction 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 sold a total of 157,251 shares of company stock valued at $17,063,257 in the last three months. Company 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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