Quilter Plc Increases Holdings in NIKE, Inc. (NYSE:NKE)

Quilter Plc grew its holdings in NIKE, Inc. (NYSE:NKE) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 389,224 shares of the footwear maker’s stock after buying an additional 35,277 shares during the quarter. Quilter Plc’s holdings in NIKE were worth $29,336,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NKE. Annapolis Financial Services LLC raised its stake in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after buying an additional 220 shares in the last quarter. True Wealth Design LLC raised its position 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 worth $32,000 after acquiring an additional 150 shares in the last quarter. Core Wealth Advisors Inc. lifted its stake in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after purchasing an additional 241 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $33,000. Finally, Gold Investment Management Ltd. purchased a new stake in NIKE in the fourth quarter worth $36,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Up 0.8 %

Shares of NYSE:NKE opened at $79.01 on Monday. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The stock has a market capitalization of $118.46 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.08 and a beta of 1.02. 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 stock’s 50-day simple moving average is $77.23 and its two-hundred day simple moving average is $87.64.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) 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 company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that NIKE, Inc. will post 3.06 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, September 3rd. NIKE’s payout ratio is 39.68%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $120.00 target price on shares of NIKE in a report on Friday, June 28th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $83.00 price objective (down previously from $116.00) on shares of NIKE in a report on Friday, June 28th. Bank of America lowered their target price on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a report on Friday, June 28th. HSBC cut their price target on NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Finally, Stifel Nicolaus lowered their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.59.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan acquired 2,941 shares of the stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the transaction, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

About NIKE

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.