IFP Advisors Inc decreased its position in shares of Nike, Inc. (NYSE:NKE) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,621 shares of the footwear maker’s stock after selling 4,370 shares during the quarter. IFP Advisors Inc’s holdings in Nike were worth $3,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Wealth Management LLC acquired a new stake in shares of Nike in the 2nd quarter valued at $100,000. Webster Bank N. A. increased its stake in shares of Nike by 75.5% in the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after purchasing an additional 900 shares during the last quarter. Rational Advisors LLC increased its stake in shares of Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Nike by 7.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares during the last quarter. 62.64% of the stock is owned by institutional investors and hedge funds.

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NKE has been the subject of a number of research analyst reports. Vetr raised Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price target for the company in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Nike in a research note on Saturday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $63.00 price objective on shares of Nike in a research note on Saturday. Buckingham Research reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Nike in a research note on Thursday, September 28th. Finally, Instinet reiterated a “buy” rating and issued a $62.00 target price (up previously from $59.00) on shares of Nike in a research report on Wednesday, September 27th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.23.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now owns 25,660 shares in the company, valued at $1,371,527. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric D. Sprunk sold 112,323 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the sale, the insider now owns 139,551 shares in the company, valued at approximately $8,179,084.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,117 shares of company stock valued at $9,409,321. 3.90% of the stock is owned by company insiders.

Nike, Inc. (NYSE:NKE) opened at 51.47 on Wednesday. The stock has a 50 day moving average price of $53.60 and a 200-day moving average price of $55.08. Nike, Inc. has a 52 week low of $49.01 and a 52 week high of $60.53. The stock has a market cap of $84.36 billion, a P/E ratio of 21.91 and a beta of 0.61.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. Nike’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. On average, equities analysts anticipate that Nike, Inc. will post $2.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. Nike’s dividend payout ratio is currently 30.64%.

Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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