Peoples Financial Services CORP. Sells 583 Shares of NIKE, Inc. $NKE

Peoples Financial Services CORP. decreased its stake in NIKE, Inc. (NYSE:NKE) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,229 shares of the footwear maker’s stock after selling 583 shares during the period. Peoples Financial Services CORP.’s holdings in NIKE were worth $798,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NKE. Brighton Jones LLC raised its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Centaurus Financial Inc. raised its position in NIKE by 9.6% in the fourth quarter. Centaurus Financial Inc. now owns 2,258 shares of the footwear maker’s stock worth $171,000 after acquiring an additional 198 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in NIKE by 13.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,319 shares of the footwear maker’s stock worth $465,000 after acquiring an additional 849 shares during the period. GAMMA Investing LLC raised its position in NIKE by 8,726.9% in the first quarter. GAMMA Investing LLC now owns 1,325,272 shares of the footwear maker’s stock worth $84,128,000 after acquiring an additional 1,310,258 shares during the period. Finally, Sanders Morris Harris LLC raised its position in NIKE by 23.1% in the first quarter. Sanders Morris Harris LLC now owns 5,330 shares of the footwear maker’s stock worth $343,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock opened at $69.31 on Monday. 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, Inc. has a one year low of $52.28 and a one year high of $90.26. The stock has a market cap of $102.36 billion, a PE ratio of 32.09, a P/E/G ratio of 2.53 and a beta of 1.24. The firm has a 50 day simple moving average of $74.99 and a two-hundred day simple moving average of $67.26.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE’s payout ratio is currently 74.07%.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NKE. Needham & Company LLC boosted their price target on shares of NIKE from $66.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Barclays boosted their price target on shares of NIKE from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price target on shares of NIKE in a research report on Friday, August 22nd. The Goldman Sachs Group set a $85.00 price target on shares of NIKE and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $76.00 to $90.00 in a report on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average target price of $79.62.

NIKE 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.