Atomi Financial Group Inc. Increases Position in NIKE, Inc. (NYSE:NKE)

Atomi Financial Group Inc. raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,380 shares of the footwear maker’s stock after buying an additional 2,345 shares during the period. Atomi Financial Group Inc.’s holdings in NIKE were worth $976,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NKE. Norges Bank purchased a new stake in NIKE during the fourth quarter worth $1,315,097,000. Price T Rowe Associates Inc. MD lifted its holdings in NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after buying an additional 7,996,434 shares during the period. Capital International Investors lifted its holdings in NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after buying an additional 7,143,775 shares during the period. Jennison Associates LLC lifted its holdings in NIKE by 45.6% during the first quarter. Jennison Associates LLC now owns 8,859,580 shares of the footwear maker’s stock worth $832,623,000 after buying an additional 2,775,510 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in NIKE by 13,094.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,563,253 shares of the footwear maker’s stock worth $169,722,000 after buying an additional 1,551,405 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NIKE news, Director Robert Holmes Swan bought 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average cost of $77.02 per share, with a total value of $226,515.82. Following the purchase, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. 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 three months. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Telsey Advisory Group reduced their price target on NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Barclays downgraded NIKE from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $109.00 to $80.00 in a research report on Friday, June 28th. Jefferies Financial Group reduced their price target on NIKE from $90.00 to $80.00 in a research report on Friday. Finally, TD Cowen cut their target price on NIKE from $89.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.44.

NIKE Stock Down 2.2 %

Shares of NYSE:NKE traded down $1.61 on Monday, hitting $71.81. 12,129,620 shares of the company’s stock were exchanged, compared to its average volume of 11,201,295. The firm’s 50-day moving average is $89.52 and its 200 day moving average is $95.91. The company has a market capitalization of $108.39 billion, a PE ratio of 19.34, a P/E/G ratio of 1.88 and a beta of 1.01. NIKE, Inc. has a 1-year low of $71.67 and a 1-year high of $123.39. 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 (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, topping the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. Sell-side analysts predict that NIKE, Inc. will post 3.17 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were given a $0.37 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.06%. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

NIKE Company 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.