Tompkins Financial Corp Acquires 669 Shares of NIKE, Inc. $NKE

Tompkins Financial Corp raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,520 shares of the footwear maker’s stock after purchasing an additional 669 shares during the quarter. Tompkins Financial Corp’s holdings in NIKE were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stone House Investment Management LLC acquired a new stake in shares of NIKE during the 1st quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter valued at about $28,000. Saudi Central Bank bought a new position in NIKE in the 1st quarter valued at about $30,000. Roxbury Financial LLC lifted its position in NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 201 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of NIKE during the first quarter worth approximately $37,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Performance

NYSE NKE opened at $72.30 on Thursday. The firm’s fifty day moving average price is $75.27 and its two-hundred day moving average price is $67.66. The stock has a market cap of $106.78 billion, a PE ratio of 33.47, a PEG ratio of 2.64 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%.NIKE’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. NIKE’s payout ratio is 74.07%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NKE shares. Telsey Advisory Group reiterated a “market perform” rating and set a $70.00 target price on shares of NIKE in a research note on Friday, June 27th. Piper Sandler increased their price objective on NIKE from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $64.00 to $93.00 in a research report on Monday, July 28th. Evercore ISI decreased their price target on shares of NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of NIKE from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.89.

NIKE Profile

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.