Cooper Financial Group Has $403,000 Holdings in NIKE, Inc. (NYSE:NKE)

Cooper Financial Group lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,347 shares of the footwear maker’s stock after acquiring an additional 157 shares during the quarter. Cooper Financial Group’s holdings in NIKE were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Norges Bank bought a new position in NIKE in the 4th quarter valued at approximately $1,315,097,000. Price T Rowe Associates Inc. MD increased its position in NIKE by 87.5% in the 4th 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 acquiring an additional 7,996,434 shares during the period. Capital International Investors raised its stake in shares of NIKE by 34.9% during the fourth 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 last quarter. Longview Partners Guernsey LTD acquired a new position in shares of NIKE during the first quarter worth $533,533,000. Finally, Capital World Investors grew its stake in shares of NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after purchasing an additional 4,457,376 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction on Friday, June 28th. The stock was acquired 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 in the company, valued at $1,613,260.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NKE. Wells Fargo & Company cut their target price on NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. TD Cowen cut their price objective on NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. KeyCorp reissued a “sector weight” rating on shares of NIKE in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of NIKE from $115.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Raymond James reiterated a “market perform” rating on shares of NIKE in a research 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 issued a buy rating to the company. According to MarketBeat.com, NIKE currently has a consensus rating of “Hold” and an average price target of $96.30.

NIKE Stock Up 5.3 %

NYSE:NKE traded up $3.96 during trading hours on Tuesday, hitting $78.60. 14,034,159 shares of the company traded hands, compared to its average volume of 11,405,882. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The company has a market cap of $118.64 billion, a PE ratio of 20.91, a PEG ratio of 1.92 and a beta of 1.01. The firm’s 50-day simple moving average is $81.34 and its 200-day simple moving average is $91.40.

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. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Equities analysts predict that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s payout ratio is 39.68%.

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.