NIKE, Inc. $NKE Shares Bought by Pavion Blue Capital LLC

Pavion Blue Capital LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 11,704 shares of the footwear maker’s stock after buying an additional 331 shares during the quarter. Pavion Blue Capital LLC’s holdings in NIKE were worth $831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new stake in shares of NIKE in the second quarter valued at $26,000. Stone House Investment Management LLC purchased a new stake in shares of NIKE in the 1st quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares during the last quarter. Matrix Trust Co increased its position in 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 acquiring an additional 153 shares during the period. Finally, Saudi Central Bank acquired a new position in NIKE during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.9%

Shares of NYSE:NKE opened at $68.51 on Tuesday. 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, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The firm has a fifty day moving average of $72.20 and a two-hundred day moving average of $68.01. The firm has a market capitalization of $101.26 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29.

NIKE (NYSE:NKE) last released its quarterly earnings data 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. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the business earned $0.70 EPS. NIKE’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

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 dividend on an annualized basis and a yield of 2.3%. NIKE’s payout ratio is currently 82.05%.

Analysts Set New Price Targets

NKE has been the topic of a number of research reports. Stifel Nicolaus set a $68.00 price target on NIKE and gave the stock a “hold” rating in a report on Wednesday, October 1st. Argus upgraded NIKE to a “buy” rating in a research note on Sunday, July 6th. Barclays set a $70.00 price target on shares of NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 target price on shares of NIKE in a report on Monday, September 29th. Finally, Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.21.

Insider Activity

In related news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

About NIKE

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.