NIKE, Inc. (NYSE:NKE) Shares Bought by Capital Insight Partners LLC

Capital Insight Partners LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.0% during the second quarter, Holdings Channel.com reports. The firm owned 27,616 shares of the footwear maker’s stock after acquiring an additional 1,065 shares during the period. Capital Insight Partners LLC’s holdings in NIKE were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NKE. LRI Investments LLC boosted its holdings in shares of NIKE by 363.9% in the second quarter. LRI Investments LLC now owns 6,374 shares of the footwear maker’s stock valued at $480,000 after acquiring an additional 5,000 shares in the last quarter. Grove Bank & Trust boosted its stake in NIKE by 0.9% during the 2nd quarter. Grove Bank & Trust now owns 19,564 shares of the footwear maker’s stock valued at $1,475,000 after purchasing an additional 180 shares in the last quarter. Horizon Bancorp Inc. IN boosted its stake in NIKE by 15.0% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 2,037 shares of the footwear maker’s stock valued at $154,000 after purchasing an additional 266 shares in the last quarter. Cove Private Wealth LLC increased its position in shares of NIKE by 37.1% during the 2nd quarter. Cove Private Wealth LLC now owns 17,455 shares of the footwear maker’s stock valued at $1,316,000 after purchasing an additional 4,725 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in shares of NIKE by 2.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 608,943 shares of the footwear maker’s stock worth $45,896,000 after buying an additional 13,371 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 0.8 %

Shares of NYSE:NKE traded up $0.64 during trading on Friday, reaching $84.05. 9,219,749 shares of the company traded hands, compared to its average volume of 11,466,775. The firm has a fifty day simple moving average of $79.07 and a 200 day simple moving average of $90.31. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market cap of $126.86 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. NIKE’s dividend payout ratio is currently 39.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NKE. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $83.00 price objective (down previously from $116.00) on shares of NIKE in a research note on Friday, June 28th. Raymond James reissued a “market perform” rating on shares of NIKE in a research note on Friday, June 28th. Guggenheim decreased their price target on shares of NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Citigroup dropped their price target on NIKE from $115.00 to $102.00 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.93.

Insider Buying and Selling at NIKE

In related 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 sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $8,026,700.00. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The disclosure for this sale can be found here. Corporate 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.