NIKE, Inc. $NKE Holdings Decreased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 33.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,977 shares of the footwear maker’s stock after selling 3,976 shares during the quarter. JFS Wealth Advisors LLC’s holdings in NIKE were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mascoma Wealth Management LLC purchased a new position in shares of NIKE during the second quarter valued at $26,000. Stone House Investment Management LLC purchased a new position in shares of NIKE during the first quarter valued at $25,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after buying an additional 362 shares in the last quarter. Matrix Trust Co grew its holdings in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares in the last quarter. Finally, Saudi Central Bank purchased a new position in shares of NIKE during the first quarter valued at $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chairman directly owned 744,988 shares of the company’s stock, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,378 shares of company stock valued at $14,794,264. 0.80% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

NKE opened at $65.25 on Friday. The company has a market cap of $96.45 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The stock has a 50-day moving average of $73.80 and a 200-day moving average of $67.29. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The company had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio is 82.05%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp set a $90.00 target price on NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. DZ Bank raised NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. TD Cowen raised 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 note on Wednesday, September 10th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Finally, Stifel Nicolaus set a $68.00 price target on NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

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.