NIKE, Inc. $NKE Holdings Raised by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC grew its position in NIKE, Inc. (NYSE:NKE) by 27.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,947 shares of the footwear maker’s stock after acquiring an additional 12,529 shares during the quarter. Arlington Financial Advisors LLC’s holdings in NIKE were worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC bought a new position in NIKE during the 1st quarter worth $25,000. Mascoma Wealth Management LLC bought a new position in NIKE during the 2nd quarter worth $26,000. Halbert Hargrove Global Advisors LLC grew its stake in NIKE by 952.6% during the 2nd 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 during the last quarter. Saudi Central Bank bought a new position in NIKE during the 1st quarter worth $30,000. Finally, Matrix Trust Co grew its stake in NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of NIKE in a research note on Wednesday, October 1st. Sanford C. Bernstein reiterated a “buy” rating and set a $90.00 price target on shares of NIKE in a research report on Monday. JPMorgan Chase & Co. boosted their price target on NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, UBS Group set a $71.00 price target on NIKE and gave the stock a “neutral” rating in a research report on Friday, September 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $82.21.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

NIKE Trading Up 0.4%

Shares of NKE stock opened at $67.67 on Wednesday. The stock has a 50-day simple moving average of $73.52 and a 200 day simple moving average of $67.33. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $84.76. The stock has a market capitalization of $100.03 billion, a P/E ratio of 34.70, a P/E/G ratio of 2.48 and a beta of 1.29. 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 announced its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 82.05%.

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.