Austin Private Wealth LLC Makes New $231,000 Investment in NIKE, Inc. (NYSE:NKE)

Austin Private Wealth LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,562 shares of the footwear maker’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navalign LLC lifted its holdings in shares of NIKE by 9.6% during the first quarter. Navalign LLC now owns 9,150 shares of the footwear maker’s stock worth $860,000 after purchasing an additional 805 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of NIKE by 2.6% during the first quarter. Harbor Investment Advisory LLC now owns 32,574 shares of the footwear maker’s stock worth $3,061,000 after purchasing an additional 834 shares during the period. Financial Synergies Wealth Advisors Inc. lifted its holdings in shares of NIKE by 64.4% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 480 shares of the footwear maker’s stock worth $45,000 after purchasing an additional 188 shares during the period. Global Assets Advisory LLC acquired a new position in shares of NIKE during the first quarter worth $9,586,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of NIKE during the first quarter worth $1,218,000. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

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

NIKE Stock Down 0.0 %

NKE stock traded down $0.01 during trading on Monday, reaching $97.18. The stock had a trading volume of 9,461,882 shares, compared to its average volume of 9,188,368. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $93.68 and its two-hundred day moving average is $99.67. The company has a market capitalization of $146.67 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.80 and a beta of 1.05.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. Equities research analysts forecast that NIKE, Inc. will post 3.76 EPS for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Stifel Nicolaus dropped their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $115.00 target price on shares of NIKE in a report on Thursday, June 13th. Morgan Stanley dropped their target price on shares of NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. Finally, Citigroup dropped their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.81.

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.