NIKE, Inc. $NKE Shares Acquired by Diligent Investors LLC

Diligent Investors LLC grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 40.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,663 shares of the footwear maker’s stock after purchasing an additional 1,904 shares during the quarter. Diligent Investors LLC’s holdings in NIKE were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in NIKE in the first quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 362 shares during the last quarter. Saudi Central Bank acquired a new stake in NIKE during the 1st quarter worth about $30,000. Matrix Trust Co lifted its position in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in NIKE during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 3.4%

NYSE NKE opened at $72.01 on Friday. The company has a market capitalization of $106.34 billion, a PE ratio of 36.93, a P/E/G ratio of 2.65 and a beta of 1.29. The stock has a 50-day simple moving average of $74.62 and a 200 day simple moving average of $67.27. The company has a current ratio of 2.19, a quick ratio of 1.50 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $84.76.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were given a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE’s payout ratio is currently 82.05%.

Analyst Ratings Changes

NKE has been the topic of several research analyst reports. Argus upgraded shares of NIKE to a “buy” rating in a report on Sunday, July 6th. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 target price on shares of NIKE in a research note on Wednesday. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the stock a “positive” rating in a research note on Wednesday. Royal Bank Of Canada upgraded NIKE from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $76.00 to $90.00 in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the stock a “buy” rating in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the sale, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

NIKE Company 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.