NIKE, Inc. $NKE Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,942 shares of the footwear maker’s stock after selling 543 shares during the quarter. Camelot Portfolios LLC’s holdings in NIKE were worth $706,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in NIKE during the 1st quarter worth about $25,000. Saudi Central Bank purchased a new stake in NIKE during the 1st quarter worth about $30,000. Matrix Trust Co increased its holdings 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 purchasing an additional 153 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of NIKE in the 2nd quarter valued at about $35,000. Finally, Roxbury Financial LLC increased its holdings in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock valued at $37,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.1%

NKE opened at $69.31 on Friday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.26. The stock has a market capitalization of $102.36 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.52 and a beta of 1.24. The business has a 50 day simple moving average of $74.99 and a 200-day simple moving average of $67.30. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%.The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the business posted $0.99 EPS. NIKE’s quarterly revenue was down 11.9% on a year-over-year basis. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NKE. Needham & Company LLC increased their price objective on NIKE from $66.00 to $78.00 and gave the company a “buy” rating in a report on Friday, June 27th. Royal Bank Of Canada upgraded NIKE from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $76.00 to $90.00 in a report on Thursday, September 18th. DZ Bank downgraded NIKE from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a report on Thursday, July 10th. Barclays increased their price objective on NIKE from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Finally, UBS Group set a $71.00 price target on NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average target price of $79.62.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company’s stock, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.