Roundview Capital LLC Has $5.66 Million Position in NIKE, Inc. $NKE

Roundview Capital LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 58.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 79,723 shares of the footwear maker’s stock after purchasing an additional 29,495 shares during the quarter. Roundview Capital LLC’s holdings in NIKE were worth $5,664,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NKE. Stone House Investment Management LLC acquired a new position in NIKE during the first quarter worth $25,000. Mascoma Wealth Management LLC acquired a new position in NIKE during the second quarter worth $26,000. Halbert Hargrove Global Advisors LLC raised its stake in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 362 shares in the last quarter. Saudi Central Bank bought a new stake in shares of NIKE during the first quarter worth $30,000. Finally, Matrix Trust Co grew its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $71.25 on Tuesday. The business’s 50-day simple moving average is $74.46 and its 200 day simple moving average is $67.26. The stock has a market cap 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. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

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

NIKE Dividend Announcement

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

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, June 20th. Hsbc Global Res upgraded NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Needham & Company LLC restated a “buy” rating and set a $78.00 target price on shares of NIKE in a report on Wednesday, October 1st. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, Royal Bank Of Canada upgraded NIKE from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $76.00 to $90.00 in a report on Thursday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.57.

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.