19,394 Shares in NIKE, Inc. $NKE Bought by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. bought a new stake in NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,394 shares of the footwear maker’s stock, valued at approximately $796,000.

Other large investors also recently bought and sold shares of the company. J. Stern & Co. LLP raised its stake in shares of NIKE by 49,010.4% during the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Norges Bank acquired a new stake in NIKE in the 4th quarter valued at about $829,956,000. Harris Associates L P acquired a new stake in NIKE in the 2nd quarter valued at about $621,525,000. Capital World Investors grew its stake in NIKE by 16.2% in the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after acquiring an additional 6,830,938 shares during the last quarter. Finally, Jasper Ridge Partners L.P. increased its holdings in NIKE by 2,492.4% during the 4th quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after acquiring an additional 4,694,859 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares of the company’s stock, valued at $3,418,064. This represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,142 shares of company stock valued at $1,169,380. Insiders own 1.10% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $40.73 on Friday. The stock has a market capitalization of $60.42 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.83 and a beta of 1.11. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The firm’s 50-day moving average is $42.90 and its two-hundred day moving average is $48.73.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. Equities analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.0%. NIKE’s payout ratio is 78.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on NKE. Sanford C. Bernstein restated an “outperform” rating and set a $68.00 target price (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Guggenheim reissued a “buy” rating and set a $60.00 price objective (down from $74.00) on shares of NIKE in a research note on Wednesday, July 1st. Bank of America cut their price objective on NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Barclays reduced their target price on NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Finally, Oppenheimer lowered their target price on NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.53.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).