Nike Inc (NKE) Stake Increased by West Coast Financial LLC

West Coast Financial LLC lifted its stake in shares of Nike Inc (NYSE:NKE) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,023 shares of the footwear maker’s stock after buying an additional 4,771 shares during the quarter. Nike comprises about 1.5% of West Coast Financial LLC’s holdings, making the stock its 25th biggest holding. West Coast Financial LLC’s holdings in Nike were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NKE. Asset Planning Services Ltd. raised its position in Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new stake in Nike in the 2nd quarter valued at $136,000. Howe & Rusling Inc. raised its position in Nike by 751.3% in the 3rd quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after purchasing an additional 2,329 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in Nike by 91.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Nike by 7.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

Nike Inc (NYSE NKE) opened at $63.29 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. Nike Inc has a 12 month low of $50.35 and a 12 month high of $65.18. The firm has a market cap of $103,260.00, a price-to-earnings ratio of 27.40, a PEG ratio of 3.04 and a beta of 0.64.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.24%. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts predict that Nike Inc will post 2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. Nike’s dividend payout ratio is 34.63%.

In other news, EVP Monique S. Matheson sold 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,511,120. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 290,094 shares of company stock worth $17,480,160. Corporate insiders own 3.90% of the company’s stock.

Several analysts recently commented on the stock. Citigroup reiterated a “buy” rating and issued a $74.00 price target on shares of Nike in a research report on Tuesday, December 19th. Canaccord Genuity upped their price target on shares of Nike from $50.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, December 19th. Telsey Advisory Group upped their price target on shares of Nike from $61.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Finally, Buckingham Research upped their price target on shares of Nike from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.52.

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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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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