SS&H Financial Advisors Inc. Sells 3,000 Shares of NIKE, Inc. $NKE

SS&H Financial Advisors Inc. cut its holdings in NIKE, Inc. (NYSE:NKE) by 22.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,218 shares of the footwear maker’s stock after selling 3,000 shares during the period. SS&H Financial Advisors Inc.’s holdings in NIKE were worth $726,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NKE. Brighton Jones LLC grew its holdings in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after acquiring an additional 160,980 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in NIKE by 11.9% during the first quarter. Golden State Wealth Management LLC now owns 2,905 shares of the footwear maker’s stock valued at $184,000 after purchasing an additional 310 shares during the period. Private Trust Co. NA grew its holdings in NIKE by 44.5% during the first quarter. Private Trust Co. NA now owns 15,000 shares of the footwear maker’s stock valued at $952,000 after purchasing an additional 4,618 shares during the period. D.A. Davidson & CO. grew its holdings in NIKE by 3.4% during the first quarter. D.A. Davidson & CO. now owns 106,064 shares of the footwear maker’s stock valued at $6,733,000 after purchasing an additional 3,533 shares during the period. Finally, Avantax Planning Partners Inc. grew its holdings in NIKE by 4.2% during the first quarter. Avantax Planning Partners Inc. now owns 6,757 shares of the footwear maker’s stock valued at $429,000 after purchasing an additional 272 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

NIKE stock opened at $64.59 on Friday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The business has a fifty day moving average price of $71.29 and a 200-day moving average price of $68.31. 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 firm has a market capitalization of $95.48 billion, a P/E ratio of 33.12, a PEG ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 82.05%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on NKE. Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a “hold” rating in a report on Wednesday, October 1st. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price objective on shares of NIKE in a report on Wednesday, October 1st. Cowen raised NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, September 10th. Finally, Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $82.21.

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.