Sloy Dahl & Holst LLC Raises Holdings in NIKE, Inc. $NKE

Sloy Dahl & Holst LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 16.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,253 shares of the footwear maker’s stock after purchasing an additional 879 shares during the period. Sloy Dahl & Holst LLC’s holdings in NIKE were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Stone House Investment Management LLC acquired a new position in shares of NIKE in the 1st quarter valued at $25,000. Mascoma Wealth Management LLC purchased a new stake in NIKE during the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares during the period. Saudi Central Bank purchased a new position in shares of NIKE in the first quarter worth about $30,000. Finally, Matrix Trust Co lifted 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 worth $31,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 1.0%

NIKE stock opened at $69.03 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The stock has a market capitalization of $102.03 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. The business has a 50 day simple moving average of $72.67 and a 200-day simple moving average of $67.57. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. NIKE’s dividend payout ratio (DPR) is presently 82.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein reissued a “buy” rating and set a $90.00 price target on shares of NIKE in a research report on Monday, October 13th. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Citigroup raised NIKE from a “neutral” rating to a “positive” rating in a research report on Friday, September 19th. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, June 27th. Finally, Bank of America raised their price objective on shares of NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.21.

Insider Buying and Selling at NIKE

In other news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction on Monday, October 6th. The shares were 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 of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

NIKE Company 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.