NIKE, Inc. $NKE Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its position in NIKE, Inc. (NYSE:NKE) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,254 shares of the footwear maker’s stock after purchasing an additional 2,008 shares during the quarter. Mather Group LLC.’s holdings in NIKE were worth $3,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in NIKE in the 1st quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter valued at $28,000. Saudi Central Bank purchased a new stake in shares of NIKE in the first quarter valued at about $30,000. Matrix Trust Co boosted its stake in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of NIKE during the second quarter worth about $35,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% 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 link. 0.80% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

NYSE NKE opened at $71.21 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The business has a fifty day moving average of $75.12 and a 200-day moving average of $67.43. The stock has a market cap of $105.17 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.58 and a beta of 1.24.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE’s payout ratio is presently 74.07%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NKE. DZ Bank downgraded NIKE from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a research note on Thursday, July 10th. TD Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Robert W. Baird boosted their price target on shares of NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Finally, Barclays lifted their price target on NIKE from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.46.

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.