CVA Family Office LLC Buys 202 Shares of NIKE, Inc. (NYSE:NKE)

CVA Family Office LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 9.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,363 shares of the footwear maker’s stock after purchasing an additional 202 shares during the quarter. CVA Family Office LLC’s holdings in NIKE were worth $178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NKE. Norges Bank purchased a new stake in shares of NIKE in the fourth quarter valued at approximately $1,315,097,000. Price T Rowe Associates Inc. MD raised its stake in NIKE by 87.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after buying an additional 7,996,434 shares during the last quarter. Capital International Investors increased its position in shares of NIKE by 34.9% in the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after acquiring an additional 7,143,775 shares during the period. Longview Partners Guernsey LTD purchased a new position in NIKE during the 1st quarter worth approximately $533,533,000. Finally, Capital World Investors boosted its holdings in NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock valued at $487,327,000 after purchasing an additional 4,457,376 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush dropped their price target on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Guggenheim decreased their target price 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. BMO Capital Markets cut their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Royal Bank of Canada decreased their price target on NIKE from $100.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $78.00 target price on shares of NIKE in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $96.30.

Insider Buying and Selling at NIKE

In other NIKE news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan bought 2,941 shares of the company’s stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $77.02 per share, with a total value of $226,515.82. Following the completion of the acquisition, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 278,660 shares of company stock valued at $23,735,833. 0.50% of the stock is owned by corporate insiders.

NIKE Stock Performance

Shares of NYSE:NKE traded up $0.12 during trading on Wednesday, reaching $72.62. The company had a trading volume of 9,328,241 shares, compared to its average volume of 11,462,008. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The stock’s fifty day moving average price is $82.92 and its 200 day moving average price is $92.16. The firm has a market capitalization of $109.61 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same period in the previous year, the company posted $0.66 EPS. NIKE’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that NIKE, Inc. will post 3.12 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, September 3rd. NIKE’s dividend payout ratio is presently 39.68%.

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.