Geneos Wealth Management Inc. Has $3.31 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Geneos Wealth Management Inc. raised its position in NIKE, Inc. (NYSE:NKE) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,165 shares of the footwear maker’s stock after acquiring an additional 2,604 shares during the period. Geneos Wealth Management Inc.’s holdings in NIKE were worth $3,305,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NKE. Annapolis Financial Services LLC increased its holdings in NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after buying an additional 220 shares during the period. Iron Horse Wealth Management LLC increased its stake in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. acquired a new position in NIKE in the fourth quarter worth about $29,000. True Wealth Design LLC lifted its stake in NIKE by 106.4% during the fourth 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 period. Finally, Frank Rimerman Advisors LLC acquired a new stake in NIKE during the fourth quarter valued at approximately $33,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the sale, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares in the company, valued at approximately $68,357.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction that occurred on 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 owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,660 shares of company stock valued at $19,946,333. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NKE shares. Jefferies Financial Group cut their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group reduced their target price on shares of NIKE from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Sanford C. Bernstein decreased their price objective on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $79.00 target price (down from $114.00) on shares of NIKE in a report on Friday, June 28th. Finally, Williams Trading reiterated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NIKE currently has an average rating of “Hold” and a consensus price target of $97.19.

NIKE Stock Performance

NYSE:NKE traded up $0.85 during mid-day trading on Thursday, hitting $73.39. The stock had a trading volume of 15,717,397 shares, compared to its average volume of 11,167,857. The company’s 50 day simple moving average is $90.27 and its 200 day simple moving average is $96.47. The stock has a market cap of $110.77 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. NIKE, Inc. has a twelve month low of $71.67 and a twelve month high of $123.39.

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, beating the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 3.17 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 2.02%. NIKE’s dividend payout ratio is 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.