Sigma Planning Corp decreased its position in Nike, Inc. (NYSE:NKE) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,143 shares of the footwear maker’s stock after selling 2,076 shares during the period. Sigma Planning Corp’s holdings in Nike were worth $1,247,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. V Wealth Management LLC bought a new position in Nike in the second quarter valued at about $100,000. Webster Bank N. A. boosted its holdings in Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after acquiring an additional 900 shares during the last quarter. Kistler Tiffany Companies LLC boosted its holdings in Nike by 91.7% in the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after acquiring an additional 1,209 shares during the last quarter. Rational Advisors LLC boosted its holdings in Nike by 14.3% in the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after acquiring an additional 321 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Nike by 7.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.
Nike, Inc. (NKE) opened at 51.53 on Wednesday. The company has a market capitalization of $84.46 billion, a P/E ratio of 21.94 and a beta of 0.61. The company’s 50 day moving average price is $52.93 and its 200-day moving average price is $54.92. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53.
Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Nike, Inc. will post $2.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 31st. Nike’s dividend payout ratio (DPR) is currently 30.64%.
NKE has been the topic of several recent research reports. Berenberg Bank reiterated a “buy” rating and issued a $70.00 price target on shares of Nike in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) set a $62.00 price target on Nike and gave the company a “buy” rating in a report on Friday, June 16th. Vetr upgraded Nike from a “hold” rating to a “buy” rating and set a $55.06 price target on the stock in a report on Thursday, June 15th. Deutsche Bank AG set a $63.00 price target on Nike and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Credit Suisse Group set a $63.00 target price on Nike and gave the company a “buy” rating in a research note on Saturday, June 24th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Nike currently has a consensus rating of “Hold” and an average target price of $59.14.
In related news, insider Eric D. Sprunk sold 112,323 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the transaction, the insider now directly owns 139,551 shares of the company’s stock, valued at approximately $8,179,084.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,117 shares of company stock worth $9,409,321. 3.90% of the stock is owned by company insiders.
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Nike Company Profile
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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