NIKE, Inc. $NKE Shares Purchased by Gables Capital Management Inc.

Gables Capital Management Inc. increased its position in shares of NIKE, Inc. (NYSE:NKE) by 36.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,725 shares of the footwear maker’s stock after acquiring an additional 1,000 shares during the period. Gables Capital Management Inc.’s holdings in NIKE were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NKE. Brighton Jones LLC lifted its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares in the last quarter. GAMMA Investing LLC lifted its stake in NIKE by 39.1% during the 1st quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker’s stock worth $1,325,000 after acquiring an additional 5,863 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in NIKE by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 177,009 shares of the footwear maker’s stock valued at $11,236,000 after purchasing an additional 14,748 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in NIKE by 9.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 122,092 shares of the footwear maker’s stock valued at $7,750,000 after purchasing an additional 10,823 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in NIKE by 6.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 13,732 shares of the footwear maker’s stock valued at $872,000 after purchasing an additional 870 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NKE. Needham & Company LLC reaffirmed a “buy” rating and issued a $78.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Robert W. Baird increased their price target on NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $85.00 in a research report on Wednesday, September 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research report on Friday, October 10th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $90.00 price target on shares of NIKE in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.21.

NIKE Price Performance

Shares of NYSE NKE opened at $68.39 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The firm has a market capitalization of $101.09 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The stock’s 50-day simple moving average is $72.84 and its 200-day simple moving average is $67.56.

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

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Insider Buying and Selling

In related 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 transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was 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 $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

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.