Alera Investment Advisors LLC Purchases 139 Shares of NIKE, Inc. (NYSE:NKE)

Alera Investment Advisors LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,358 shares of the footwear maker’s stock after acquiring an additional 139 shares during the quarter. Alera Investment Advisors LLC’s holdings in NIKE were worth $222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annapolis Financial Services LLC boosted its position in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of 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 acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of NIKE during the fourth quarter worth $29,000. True Wealth Design LLC boosted its position in shares of 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 acquiring an additional 150 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of NIKE during the fourth quarter worth $33,000. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NKE. HSBC decreased their price target on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Bank of America decreased their price target on shares of NIKE from $113.00 to $104.00 and set a “buy” rating on the stock 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 note on Friday, June 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $79.00 price target (down previously from $114.00) on shares of NIKE in a research note on Friday, June 28th. Finally, Robert W. Baird decreased their price target on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.44.

NIKE Stock Up 0.4 %

Shares of NYSE:NKE traded up $0.32 during trading on Friday, reaching $72.70. The stock had a trading volume of 11,913,319 shares, compared to its average volume of 23,921,236. NIKE, Inc. has a one year low of $71.24 and a one year high of $123.39. The company has a market capitalization of $109.73 billion, a P/E ratio of 19.49, a PEG ratio of 1.89 and a beta of 1.01. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $87.46 and its 200 day simple moving average is $94.75.

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 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 business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same period last year, the business earned $0.66 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that NIKE, Inc. will post 3.12 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, June 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Insider Activity

In related news, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the 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 transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,660 shares of company stock worth $19,946,333. 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.