Webster Bank N. A. raised its stake in Nike Inc (NYSE:NKE) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,375 shares of the footwear maker’s stock after acquiring an additional 433 shares during the period. Webster Bank N. A.’s holdings in Nike were worth $233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sowa Financial Group Inc. purchased a new stake in Nike in the 4th quarter worth about $27,000. Kessler Investment Group LLC purchased a new position in Nike during the 1st quarter valued at $27,000. Stuart Chaussee & Associates Inc. increased its stake in Nike by 668.9% in the first quarter. Stuart Chaussee & Associates Inc. now owns 346 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 301 shares during the period. PSI Advisors LLC bought a new stake in shares of Nike during the fourth quarter worth $37,000. Finally, Benjamin Edwards Inc. lifted its position in shares of Nike by 100.5% during the first quarter. Benjamin Edwards Inc. now owns 399 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.

NYSE NKE opened at $96.99 on Friday. Nike Inc has a 52 week low of $60.00 and a 52 week high of $105.62. The firm has a 50 day moving average of $98.14 and a two-hundred day moving average of $93.50. The company has a quick ratio of 1.59, a current ratio of 2.48 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $153.70 billion, a PE ratio of 61.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, June 25th. The footwear maker reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.53). The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $7.26 billion. Nike had a return on equity of 32.95% and a net margin of 6.79%. Nike’s revenue for the quarter was down 38.0% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. On average, equities research analysts expect that Nike Inc will post 2.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.245 per share. The ex-dividend date was Friday, May 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.01%. Nike’s dividend payout ratio is currently 52.97%.

In other news, Chairman Mark G. Parker sold 165,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $99.14, for a total value of $16,358,100.00. Following the completion of the transaction, the chairman now owns 2,012,954 shares in the company, valued at approximately $199,564,259.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Andrew Campion sold 60,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $98.00, for a total transaction of $5,880,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 236,000 shares of company stock worth $23,228,100. Company insiders own 3.80% of the company’s stock.

Several equities research analysts have weighed in on NKE shares. Oppenheimer assumed coverage on Nike in a report on Friday, June 26th. They issued a “buy” rating and a $115.00 target price for the company. Raymond James increased their target price on shares of Nike from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Telsey Advisory Group raised their target price on shares of Nike from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, June 19th. DZ Bank reaffirmed a “sell” rating on shares of Nike in a research report on Friday, June 26th. Finally, Piper Sandler raised their price objective on Nike from $96.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.01.

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: 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, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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