Yousif Capital Management LLC Sells 2,448 Shares of NIKE, Inc. $NKE

Yousif Capital Management LLC lowered its stake in NIKE, Inc. (NYSE:NKE) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,963 shares of the footwear maker’s stock after selling 2,448 shares during the period. Yousif Capital Management LLC’s holdings in NIKE were worth $11,151,000 as of its most recent filing with the SEC.

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

Insider Transactions at NIKE

In other 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 completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,378 shares of company stock valued at $14,794,264 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Performance

Shares of NKE stock opened at $67.39 on Tuesday. The business’s 50-day moving average price is $73.66 and its 200-day moving average price is $67.33. 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 $99.61 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.38 and a beta of 1.29. 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 (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DZ Bank raised NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group set a $85.00 price objective on NIKE and gave the company a “buy” rating in a research note on Thursday, September 25th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $85.00 in a research note on Wednesday, September 10th. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a “hold” rating in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target 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.