WBH Advisory Inc. Has $2.50 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

WBH Advisory Inc. reduced its stake in NIKE, Inc. (NYSE:NKE) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,644 shares of the footwear maker’s stock after selling 466 shares during the quarter. WBH Advisory Inc.’s holdings in NIKE were worth $2,499,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. acquired a new position in NIKE in the first quarter valued at about $2,839,000. Loomis Sayles & Co. L P lifted its holdings in shares of NIKE by 138.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock worth $1,511,000 after acquiring an additional 6,518 shares during the period. Merit Financial Group LLC boosted its position in shares of NIKE by 13.3% during the 1st quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock worth $214,000 after acquiring an additional 186 shares in the last quarter. Bridgewater Associates LP bought a new position in NIKE in the first quarter valued at approximately $278,000. Finally, Federated Hermes Inc. raised its position in NIKE by 9.8% during the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after purchasing an additional 38,903 shares in the last quarter. 63.42% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock traded down $0.79 during midday trading on Tuesday, hitting $94.72. 2,121,979 shares of the company’s stock were exchanged, compared to its average volume of 6,903,901. The stock has a 50-day moving average price of $104.70 and a two-hundred day moving average price of $112.67. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $131.31. The company has a market cap of $144.92 billion, a P/E ratio of 29.34, a PEG ratio of 1.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.81 and a current ratio of 2.72.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.66 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 company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the previous year, the company earned $0.90 EPS. NIKE’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that NIKE, Inc. will post 3.71 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.44%. NIKE’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent analyst reports. StockNews.com started coverage on NIKE in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company decreased their price target on shares of NIKE from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday. Williams Trading dropped their price objective on shares of NIKE from $95.00 to $91.00 and set a “sell” rating for the company in a research note on Thursday, September 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of NIKE from $133.00 to $126.00 in a report on Friday, June 23rd. Finally, TheStreet cut NIKE from a “b-” rating to a “c+” rating in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.07.

Insider Activity

In other NIKE news, CFO Matthew Friend sold 5,545 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total value of $593,315.00. Following the completion of the sale, the chief financial officer now owns 42,119 shares of the company’s stock, valued at $4,506,733. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction that occurred on 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 sale, the chairman now directly owns 1,334,781 shares in the company, valued at $144,930,520.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Friend sold 5,545 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total transaction of $593,315.00. Following the transaction, the chief financial officer now directly owns 42,119 shares of the company’s stock, valued at approximately $4,506,733. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,251 shares of company stock worth $17,063,257. 0.50% of the stock is currently owned by insiders.

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.