Matisse Capital Has $699,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

Matisse Capital lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,270 shares of the footwear maker’s stock after selling 290 shares during the quarter. Matisse Capital’s holdings in NIKE were worth $699,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC grew its position in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 220 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $33,000. Core Wealth Advisors Inc. raised its holdings in NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Finally, Gold Investment Management Ltd. acquired a new position in NIKE during the fourth quarter valued at approximately $36,000. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

Shares of NIKE stock traded up $0.06 on Friday, reaching $83.32. 13,755,265 shares of the stock were exchanged, compared to its average volume of 11,453,677. 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 firm has a market cap of $125.76 billion, a PE ratio of 22.34, a P/E/G ratio of 1.92 and a beta of 1.01. The firm’s 50 day moving average is $77.91 and its 200-day moving average is $89.60. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, analysts anticipate that NIKE, Inc. will post 3.12 EPS for the current fiscal year.

NIKE Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NKE shares. Jefferies Financial Group decreased their target price on shares of NIKE from $90.00 to $80.00 in a research note on Friday, July 12th. TD Cowen lowered their price objective on shares of NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Oppenheimer reiterated an “outperform” rating and issued a $120.00 target price on shares of NIKE in a research note on Friday, June 28th. Robert W. Baird cut their price objective on NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Finally, Stifel Nicolaus decreased their target price on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.59.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.