Blair William & Co. IL Lowers Stock Holdings in NIKE, Inc. $NKE

Blair William & Co. IL trimmed its stake in NIKE, Inc. (NYSE:NKE) by 17.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 163,439 shares of the footwear maker’s stock after selling 35,621 shares during the period. Blair William & Co. IL’s holdings in NIKE were worth $11,611,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NKE. Brighton Jones LLC lifted its position in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares during the period. Park Avenue Securities LLC lifted its position in shares of NIKE by 12.1% in the 1st quarter. Park Avenue Securities LLC now owns 16,705 shares of the footwear maker’s stock worth $1,060,000 after purchasing an additional 1,806 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of NIKE by 32.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 21,766 shares of the footwear maker’s stock worth $1,382,000 after purchasing an additional 5,291 shares during the period. GAMMA Investing LLC lifted its position in shares of NIKE by 39.1% in the 1st quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker’s stock worth $1,325,000 after purchasing an additional 5,863 shares during the period. Finally, Simon Quick Advisors LLC lifted its position in shares of NIKE by 21.0% in the 1st quarter. Simon Quick Advisors LLC now owns 3,986 shares of the footwear maker’s stock worth $253,000 after purchasing an additional 691 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NKE. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. JPMorgan Chase & Co. upped their price target on shares of NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Hsbc Global Res raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $78.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,378 shares of company stock worth $14,794,264 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 4.1%

Shares of NIKE stock opened at $65.25 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76. The firm has a market capitalization of $96.45 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.48 and a beta of 1.29. The firm’s 50 day simple moving average is $73.80 and its two-hundred day simple moving average is $67.28.

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

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. NIKE’s dividend payout ratio is presently 82.05%.

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.