Claro Advisors LLC Boosts Position in NIKE, Inc. (NYSE:NKE)

Claro Advisors LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 13.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,361 shares of the footwear maker’s stock after buying an additional 1,972 shares during the quarter. Claro Advisors LLC’s holdings in NIKE were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Summit Financial LLC raised its position in NIKE by 56.4% during the 2nd quarter. Summit Financial LLC now owns 9,862 shares of the footwear maker’s stock worth $747,000 after buying an additional 3,556 shares during the last quarter. Interchange Capital Partners LLC purchased a new position in NIKE during the 2nd quarter worth approximately $304,000. Turtle Creek Wealth Advisors LLC raised its position in NIKE by 5.9% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 3,273 shares of the footwear maker’s stock worth $247,000 after buying an additional 182 shares during the last quarter. Aptus Capital Advisors LLC raised its position in NIKE by 23.6% during the 2nd quarter. Aptus Capital Advisors LLC now owns 43,226 shares of the footwear maker’s stock worth $3,258,000 after buying an additional 8,249 shares during the last quarter. Finally, Nilsine Partners LLC raised its position in NIKE by 17.2% during the 2nd quarter. Nilsine Partners LLC now owns 10,711 shares of the footwear maker’s stock worth $807,000 after buying an additional 1,573 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Up 0.1 %

Shares of NKE stock traded up $0.06 on Friday, hitting $83.32. 13,755,265 shares of the stock traded hands, compared to its average volume of 11,371,491. The firm’s 50-day moving average price is $77.91 and its two-hundred day moving average price is $89.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The stock has a market capitalization of $124.93 billion, a PE ratio of 22.34, a PEG ratio of 2.19 and a beta of 1.01. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, analysts anticipate that NIKE, Inc. will post 3.1 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. NIKE’s payout ratio is 39.68%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group reissued a “neutral” rating and set a $78.00 price target on shares of NIKE in a research report on Friday, June 28th. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Robert W. Baird cut their target price on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, June 28th. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and lifted their target price for the company from $67.00 to $93.00 in a report on Friday, August 16th. Finally, Bank of America cut their target price on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a report on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.59.

Insider Activity

In related news, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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.