Kohmann Bosshard Financial Services LLC Takes $202,000 Position in NIKE, Inc. $NKE

Kohmann Bosshard Financial Services LLC purchased a new position in NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,846 shares of the footwear maker’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Stone House Investment Management LLC acquired a new position in NIKE in the 1st quarter worth about $25,000. Mascoma Wealth Management LLC bought a new stake in NIKE in the 2nd quarter valued at $26,000. Halbert Hargrove Global Advisors LLC lifted its stake in NIKE by 952.6% during 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 position in NIKE during the first quarter worth $30,000. Finally, Matrix Trust Co boosted its position 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. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Performance

NKE stock opened at $62.72 on Friday. The firm has a market cap of $92.71 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.41 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. The stock has a 50-day moving average price of $67.36 and a 200-day moving average price of $68.83. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s payout ratio is currently 82.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NKE shares. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of NIKE in a research note on Wednesday, October 1st. BTIG Research initiated coverage on shares of NIKE in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price on the stock. TD Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $85.00 in a report on Wednesday, September 10th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $90.00 price objective on shares of NIKE in a research note on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average price target of $82.24.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the transaction, the chairman directly owned 647,615 shares in the company, valued at approximately $41,965,452. The trade was a 11.73% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by insiders.

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.