NIKE, Inc. $NKE Position Increased by William Allan Corp

William Allan Corp raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 31.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,335 shares of the footwear maker’s stock after buying an additional 18,031 shares during the period. NIKE comprises approximately 3.1% of William Allan Corp’s investment portfolio, making the stock its 14th biggest position. William Allan Corp’s holdings in NIKE were worth $5,352,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in NIKE during the first quarter worth approximately $25,000. Mascoma Wealth Management LLC bought a new stake in NIKE during the second quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC boosted its holdings in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares in the last quarter. Saudi Central Bank acquired a new position in NIKE in the 1st quarter worth approximately $30,000. Finally, Matrix Trust Co boosted its stake in NIKE by 53.1% in the 2nd 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. 64.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on NKE shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price objective on shares of NIKE in a research note on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Cowen raised shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Finally, Stifel Nicolaus set a $68.00 price objective on shares of NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.21.

NIKE Trading Down 0.9%

Shares of NYSE:NKE opened at $68.51 on Tuesday. The firm has a fifty day moving average of $72.20 and a two-hundred day moving average of $68.01. The firm has a market capitalization of $101.26 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

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

NIKE Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Treasure Heinle sold 4,300 shares of the firm’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 transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the transaction, the chairman owned 744,988 shares in the company, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

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.