Parisi Gray Wealth Management Buys 280 Shares of NIKE, Inc. (NYSE:NKE)


Share on StockTwits

Parisi Gray Wealth Management grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,760 shares of the footwear maker’s stock after purchasing an additional 280 shares during the period. NIKE comprises approximately 0.9% of Parisi Gray Wealth Management’s holdings, making the stock its 25th largest holding. Parisi Gray Wealth Management’s holdings in NIKE were worth $2,088,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Altium Wealth Management LLC lifted its position in NIKE by 7.4% during the 4th quarter. Altium Wealth Management LLC now owns 13,338 shares of the footwear maker’s stock worth $1,887,000 after buying an additional 916 shares in the last quarter. Ninety One North America Inc. lifted its position in NIKE by 4.4% during the 4th quarter. Ninety One North America Inc. now owns 58,681 shares of the footwear maker’s stock worth $8,302,000 after buying an additional 2,496 shares in the last quarter. EFG Asset Management Americas Corp. lifted its position in NIKE by 4.4% during the 4th quarter. EFG Asset Management Americas Corp. now owns 60,956 shares of the footwear maker’s stock worth $8,629,000 after buying an additional 2,559 shares in the last quarter. Toronto Dominion Bank lifted its position in NIKE by 59.6% during the 4th quarter. Toronto Dominion Bank now owns 1,529,403 shares of the footwear maker’s stock worth $216,354,000 after buying an additional 571,274 shares in the last quarter. Finally, Strs Ohio lifted its position in NIKE by 2.5% during the 4th quarter. Strs Ohio now owns 1,161,561 shares of the footwear maker’s stock worth $164,326,000 after buying an additional 27,941 shares in the last quarter. 64.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Mark G. Parker sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The shares were sold at an average price of $141.27, for a total transaction of $18,365,100.00. Following the completion of the sale, the chairman now owns 1,532,001 shares of the company’s stock, valued at approximately $216,425,781.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew Campion sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $140.00, for a total transaction of $16,800,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,500 shares of company stock valued at $62,461,870. 3.80% of the stock is currently owned by insiders.

NYSE NKE traded down $2.80 during trading on Tuesday, reaching $133.87. The company’s stock had a trading volume of 14,675 shares, compared to its average volume of 5,287,014. The company has a current ratio of 2.66, a quick ratio of 1.97 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $211.04 billion, a price-to-earnings ratio of 78.10, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. NIKE, Inc. has a 12 month low of $60.00 and a 12 month high of $147.95. The firm has a 50 day moving average price of $141.23 and a 200 day moving average price of $129.43.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 17th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.15. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The firm had revenue of $11.24 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that NIKE, Inc. will post 2.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Monday, March 1st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 26th. NIKE’s dividend payout ratio (DPR) is presently 59.46%.

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of NIKE from $150.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, December 21st. Williams Financial Group started coverage on shares of NIKE in a research note on Friday, January 22nd. They set a “buy” rating and a $175.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of NIKE from $165.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, December 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of NIKE from $137.00 to $157.00 in a research note on Monday, December 21st. Finally, Cowen boosted their price objective on shares of NIKE from $150.00 to $165.00 in a research note on Tuesday, December 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company. NIKE has an average rating of “Buy” and a consensus price target of $154.63.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

See Also: How interest rates affect municipal bond prices

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.