Haverford Trust Co Sells 1,346 Shares of NIKE, Inc. $NKE

Haverford Trust Co decreased its holdings in NIKE, Inc. (NYSE:NKE) by 4.1% in the 1st quarter, HoldingsChannel reports. The firm owned 31,236 shares of the footwear maker’s stock after selling 1,346 shares during the quarter. Haverford Trust Co’s holdings in NIKE were worth $1,983,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its position in NIKE by 4.4% in the 1st 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 last quarter. Capitolis Liquid Global Markets LLC raised its position in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock worth $23,458,000 after acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock worth $460,160,000 after acquiring an additional 463,470 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of NIKE by 0.6% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock worth $69,932,000 after acquiring an additional 5,601 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of NIKE by 20.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,370 shares of the footwear maker’s stock worth $3,963,000 after acquiring an additional 8,792 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

NIKE Stock Up 2.9%

Shares of NIKE stock opened at $78.4040 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The business has a fifty day simple moving average of $72.51 and a 200 day simple moving average of $67.64. The stock has a market cap of $115.80 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%.The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. NIKE’s payout ratio is 74.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NKE shares. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, June 20th. Citigroup boosted their target price on NIKE from $57.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, June 27th. Hsbc Global Res upgraded NIKE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Telsey Advisory Group restated a “market perform” rating and set a $70.00 target price on shares of NIKE in a research report on Friday, June 27th. Finally, Evercore ISI dropped their target price on NIKE from $97.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.22.

About NIKE

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.