NIKE, Inc. (NYSE:NKE) Shares Bought by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,320 shares of the footwear maker’s stock after purchasing an additional 216 shares during the quarter. NIKE makes up about 2.1% of Stokes Capital Advisors LLC’s holdings, making the stock its 17th largest position. Stokes Capital Advisors LLC’s holdings in NIKE were worth $6,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the period. Geode Capital Management LLC boosted its stake in NIKE by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 22,478,963 shares of the footwear maker’s stock worth $2,750,643,000 after purchasing an additional 116,877 shares during the period. FMR LLC boosted its stake in NIKE by 11.8% during the 1st quarter. FMR LLC now owns 19,087,757 shares of the footwear maker’s stock worth $2,340,922,000 after purchasing an additional 2,011,891 shares during the period. Price T Rowe Associates Inc. MD grew its position in NIKE by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,334,239 shares of the footwear maker’s stock worth $2,028,279,000 after purchasing an additional 1,254,209 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after buying an additional 16,801,276 shares during the last quarter. 63.42% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Down 0.5 %

Shares of NIKE stock traded down $0.44 during trading hours on Monday, reaching $95.82. 1,447,376 shares of the company’s stock were exchanged, compared to its average volume of 6,900,135. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $131.31. The company has a fifty day moving average of $104.70 and a 200-day moving average of $112.67. The company has a current ratio of 2.72, a quick ratio of 1.81 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $146.60 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). NIKE had a return on equity of 34.01% and a net margin of 9.90%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be issued a $0.34 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.42%. NIKE’s payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BNP Paribas lowered NIKE from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 25th. UBS Group boosted their target price on NIKE from $145.00 to $150.00 in a report on Friday, June 30th. OTR Global downgraded NIKE to a “positive” rating in a report on Tuesday, June 20th. Royal Bank of Canada dropped their price objective on shares of NIKE from $138.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, June 30th. Finally, Raymond James reduced their target price on shares of NIKE from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $129.07.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $108.58, for a total value of $11,943,800.00. Following the transaction, the chairman now owns 1,334,781 shares in the company, valued at approximately $144,930,520.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $108.58, for a total transaction of $11,943,800.00. Following the completion of the sale, the chairman now directly owns 1,334,781 shares in the company, valued at $144,930,520.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Johanna Nielsen sold 1,706 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total value of $182,542.00. Following the sale, the vice president now owns 954 shares of the company’s stock, valued at approximately $102,078. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,251 shares of company stock valued at $17,063,257. Insiders own 0.50% of the company’s stock.

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.