Live Oak Private Wealth LLC Acquires 219 Shares of NIKE, Inc. $NKE

Live Oak Private Wealth LLC raised its stake in NIKE, Inc. (NYSE:NKE) by 3.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,279 shares of the footwear maker’s stock after acquiring an additional 219 shares during the period. Live Oak Private Wealth LLC’s holdings in NIKE were worth $446,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC lifted its stake in NIKE by 10.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 26,276 shares of the footwear maker’s stock valued at $1,867,000 after acquiring an additional 2,413 shares in the last quarter. Hantz Financial Services Inc. lifted its position in NIKE by 33.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,900 shares of the footwear maker’s stock worth $135,000 after buying an additional 479 shares in the last quarter. World Investment Advisors lifted its position in NIKE by 0.5% during the 2nd quarter. World Investment Advisors now owns 55,490 shares of the footwear maker’s stock worth $3,942,000 after buying an additional 287 shares in the last quarter. Lathrop Investment Management Co. lifted its position in NIKE by 6.7% during the 2nd quarter. Lathrop Investment Management Co. now owns 99,930 shares of the footwear maker’s stock worth $7,099,000 after buying an additional 6,237 shares in the last quarter. Finally, Econ Financial Services Corp lifted its position in NIKE by 39.4% during the 2nd quarter. Econ Financial Services Corp now owns 49,463 shares of the footwear maker’s stock worth $3,514,000 after buying an additional 13,983 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owned 29,396 shares in the company, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.

NIKE Stock Down 3.1%

NIKE stock opened at $65.35 on Thursday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The firm has a market capitalization of $96.59 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.29. The firm’s fifty day moving average price is $71.79 and its two-hundred day moving average price is $68.17. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Citigroup upgraded NIKE from a “neutral” rating to a “positive” rating in a report on Friday, September 19th. 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. KeyCorp set a $90.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, BTIG Research started 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.