NIKE, Inc. $NKE Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,840 shares of the footwear maker’s stock after selling 12,882 shares during the quarter. NIKE comprises approximately 3.8% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 11th largest holding. Mcdonald Capital Investors Inc. CA’s holdings in NIKE were worth $61,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NKE. Brighton Jones LLC increased its stake in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the period. GAMMA Investing LLC increased its stake in NIKE by 39.1% in the first quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker’s stock valued at $1,325,000 after purchasing an additional 5,863 shares during the period. Spire Wealth Management increased its stake in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock valued at $627,000 after purchasing an additional 416 shares during the period. Golden State Wealth Management LLC increased its stake in NIKE by 143.6% in the first quarter. Golden State Wealth Management LLC now owns 6,321 shares of the footwear maker’s stock valued at $402,000 after purchasing an additional 3,726 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in NIKE by 3.5% in the first quarter. Sequoia Financial Advisors LLC now owns 16,500 shares of the footwear maker’s stock valued at $1,047,000 after purchasing an additional 558 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Down 0.8%

Shares of NIKE stock opened at $69.15 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $72.38 and its 200-day simple moving average is $67.88. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The firm has a market cap of $102.22 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29.

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 net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period in the prior year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio is presently 82.05%.

Analyst Ratings Changes

A number of research firms have commented on NKE. Needham & Company LLC restated a “buy” rating and issued a $78.00 price objective on shares of NIKE in a research note on Wednesday, October 1st. Sanford C. Bernstein restated a “buy” rating and issued a $90.00 price objective on shares of NIKE in a research note on Monday, October 13th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. boosted their price target on shares of NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. 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 note on Thursday, September 25th. Three 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. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $82.21.

Insider Activity

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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.