NIKE, Inc. (NYSE:NKE) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its holdings in NIKE, Inc. (NYSE:NKE) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 18,725 shares of the footwear maker’s stock after acquiring an additional 398 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in NIKE were worth $1,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Annapolis Financial Services LLC boosted its stake in shares of NIKE by 440.0% during the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Core Wealth Advisors Inc. boosted its stake in shares of NIKE by 408.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter worth about $33,000. Finally, Gold Investment Management Ltd. acquired a new stake in shares of NIKE during the 4th quarter worth about $36,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the acquisition, the director now directly owns 20,946 shares in the company, valued at approximately $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was acquired at an average cost of $77.02 per share, with a total value of $226,515.82. Following the acquisition, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NKE shares. Oppenheimer reissued an “outperform” rating and issued a $120.00 target price on shares of NIKE in a research report on Friday, June 28th. HSBC decreased their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Morgan Stanley reissued an “equal weight” rating and issued a $79.00 target price (down from $114.00) on shares of NIKE in a research report on Friday, June 28th. Robert W. Baird decreased their target price on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Finally, Bank of America cut their price target on shares of NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.59.

NIKE Stock Up 0.1 %

Shares of NKE stock traded up $0.07 during mid-day trading on Friday, reaching $83.33. 13,751,888 shares of the company were exchanged, compared to its average volume of 11,453,677. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The company has a market capitalization of $125.77 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.92 and a beta of 1.01. The business’s 50 day simple moving average is $78.18 and its 200 day simple moving average is $89.76.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter last year, the company earned $0.66 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s dividend payout ratio is presently 39.68%.

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.