NIKE, Inc. (NYSE:NKE) Shares Purchased by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,984 shares of the footwear maker’s stock after purchasing an additional 200 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in NIKE were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Annapolis Financial Services LLC boosted its position 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 period. Iron Horse Wealth Management LLC lifted its stake in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Planned Solutions Inc. purchased a new position in shares of NIKE during the fourth quarter worth $29,000. True Wealth Design LLC grew its stake in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE in the 4th quarter valued at $33,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert Holmes Swan acquired 2,941 shares of the business’s stock in a transaction on Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the transaction, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders sold a total of 213,660 shares of company stock valued at $19,946,333 in the last ninety days. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NKE shares. UBS Group restated a “neutral” rating and set a $78.00 target price on shares of NIKE in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NIKE from $115.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup dropped their price target on shares of NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, June 28th. StockNews.com cut NIKE from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Finally, HSBC lowered their price objective on NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.19.

NIKE Stock Performance

Shares of NKE traded down $0.94 during mid-day trading on Wednesday, reaching $75.10. 5,486,269 shares of the company’s stock were exchanged, compared to its average volume of 10,658,148. The business’s fifty day simple moving average is $92.58 and its 200-day simple moving average is $98.22. NIKE, Inc. has a 52-week low of $74.29 and a 52-week high of $123.39. The stock has a market capitalization of $113.35 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $0.66 EPS. NIKE’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that NIKE, Inc. will post 3.47 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) 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.