NIKE, Inc. $NKE Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 41.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,026 shares of the footwear maker’s stock after selling 427,804 shares during the quarter. Everett Harris & Co. CA’s holdings in NIKE were worth $24,959,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of NIKE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after acquiring an additional 1,702,342 shares during the last quarter. State Street Corp boosted its position in shares of NIKE by 2.2% during the 4th quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after acquiring an additional 1,275,494 shares during the last quarter. Capital World Investors boosted its position in shares of NIKE by 16.2% during 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. J. Stern & Co. LLP grew its holdings in shares of NIKE by 49,010.4% in the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of NIKE by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after purchasing an additional 233,925 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 1.2%

NYSE NKE opened at $40.73 on Friday. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The firm has a 50 day moving average of $42.90 and a two-hundred day moving average of $48.73. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $60.42 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11.

NIKE (NYSE:NKE) last announced 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 for 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 period last year, the business earned $0.14 EPS. As a group, research analysts expect that NIKE, Inc. will post 1.74 EPS for the current fiscal 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 paid a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $40.00 target price (down from $47.00) on shares of NIKE in a research note on Tuesday, August 4th. Weiss Ratings raised shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. UBS Group set a $48.00 price target on shares of NIKE and gave the stock a “neutral” rating in a report on Wednesday, July 1st. China Renaissance decreased their price objective on NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of NIKE in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued 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 presently has a consensus rating of “Hold” and an average price target of $53.53.

Insiders Place Their Bets

In related news, COO Venkatesh Alagirisamy sold 890 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the sale, the chief operating officer owned 74,820 shares in the company, valued at $3,112,512. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at $3,418,064. This trade represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,142 shares of company stock valued at $1,169,380 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

NIKE Company Profile

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).