Roberts Wealth Advisors LLC Acquires 2,180 Shares of NIKE, Inc. $NKE

Roberts Wealth Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,352 shares of the footwear maker’s stock after buying an additional 2,180 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in NIKE were worth $3,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NKE. Stone House Investment Management LLC acquired a new stake in NIKE in the first quarter worth $25,000. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC boosted its position in shares of NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares in the last quarter. Saudi Central Bank bought a new position in shares of NIKE during the 1st quarter worth about $30,000. Finally, Matrix Trust Co grew its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE opened at $71.25 on Tuesday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $84.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The company has a market capitalization of $105.23 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 2.64 and a beta of 1.29. The firm’s fifty day moving average price is $74.46 and its two-hundred day moving average price is $67.26.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NKE. Hsbc Global Res upgraded NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Cowen raised NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $76.00 to $90.00 in a research report on Thursday, September 18th. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Finally, DZ Bank upgraded shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.57.

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.