Signaturefd LLC Raises Holdings in NIKE, Inc. $NKE

Signaturefd LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 21.9% in the second quarter, Holdings Channel reports. The firm owned 17,953 shares of the footwear maker’s stock after acquiring an additional 3,229 shares during the period. Signaturefd LLC’s holdings in NIKE were worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in NIKE by 6.9% during the second quarter. ORG Partners LLC now owns 3,455 shares of the footwear maker’s stock worth $246,000 after buying an additional 223 shares during the period. Augustine Asset Management Inc. lifted its holdings in shares of NIKE by 1.1% in the second quarter. Augustine Asset Management Inc. now owns 31,597 shares of the footwear maker’s stock valued at $2,245,000 after purchasing an additional 344 shares in the last quarter. Cove Private Wealth LLC lifted its holdings in shares of NIKE by 2.1% in the second quarter. Cove Private Wealth LLC now owns 18,313 shares of the footwear maker’s stock valued at $1,301,000 after purchasing an additional 380 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of NIKE in the second quarter valued at about $282,000. Finally, ST Germain D J Co. Inc. raised its position in shares of NIKE by 6.4% during the 2nd quarter. ST Germain D J Co. Inc. now owns 15,599 shares of the footwear maker’s stock worth $1,108,000 after purchasing an additional 935 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE opened at $69.31 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The company has a market capitalization of $102.36 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.53 and a beta of 1.24. The company’s fifty day moving average price is $74.99 and its 200 day moving average price is $67.26. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.26.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (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%.The business’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. As a group, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE’s payout ratio is 74.07%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction on 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 transaction, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NKE. Robert W. Baird boosted their price objective on shares of NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of NIKE in a research note on Friday, August 22nd. TD Cowen raised shares of NIKE from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Finally, Telsey Advisory Group boosted their price objective on shares of NIKE from $70.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.62.

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.