NIKE, Inc. $NKE Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp cut its stake in NIKE, Inc. (NYSE:NKE) by 83.1% during the 1st quarter, HoldingsChannel reports. The fund owned 48,877 shares of the footwear maker’s stock after selling 240,078 shares during the period. Jones Financial Companies Lllp’s holdings in NIKE were worth $3,189,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter worth about $28,000. Stone House Investment Management LLC acquired a new position in NIKE in the first quarter worth about $25,000. Saudi Central Bank bought a new stake in NIKE in the first quarter valued at about $30,000. Putney Financial Group LLC acquired a new stake in NIKE during the fourth quarter valued at approximately $40,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in NIKE during the fourth quarter valued at approximately $42,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman owned 744,988 shares of the company’s stock, valued at $56,566,938.84. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Evercore ISI lowered their price target on NIKE from $97.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, June 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $70.00 price objective on shares of NIKE in a report on Friday, June 27th. Citigroup increased their target price on shares of NIKE from $57.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 27th. Wells Fargo & Company lifted their price target on shares of NIKE from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of NIKE from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.67.

NIKE Stock Up 0.8%

NIKE stock opened at $74.22 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The company has a 50-day simple moving average of $75.50 and a 200-day simple moving average of $67.91. The firm has a market capitalization of $109.61 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.67 and a beta of 1.24.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm posted $0.99 EPS. NIKE’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE’s dividend payout ratio is 74.07%.

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.