Tempus Wealth Planning LLC Grows Stock Position in NIKE, Inc. $NKE

Tempus Wealth Planning LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,024 shares of the footwear maker’s stock after acquiring an additional 636 shares during the period. Tempus Wealth Planning LLC’s holdings in NIKE were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Stone House Investment Management LLC acquired a new stake in shares of NIKE during the 1st quarter worth about $25,000. Saudi Central Bank acquired a new stake in shares of NIKE during the first quarter valued at about $30,000. Matrix Trust Co raised its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of NIKE in the 2nd quarter valued at approximately $35,000. Finally, Roxbury Financial LLC lifted 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 worth $37,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Telsey Advisory Group lifted their price objective on NIKE from $70.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, September 23rd. TD Cowen upgraded NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $85.00 in a report on Wednesday, September 10th. DZ Bank cut NIKE from a “buy” rating to a “hold” rating and set a $76.00 target price for the company. in a report on Thursday, July 10th. Finally, Barclays boosted their price target on shares of NIKE from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.62.

NIKE Price Performance

Shares of NKE opened at $69.31 on Monday. The firm has a market capitalization of $102.36 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.53 and a beta of 1.24. The firm’s fifty day simple moving average is $74.99 and its 200-day simple moving average is $67.26. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.26. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS 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 for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. NIKE’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a $0.40 dividend. The ex-dividend date is 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 is presently 74.07%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred 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 owned 744,988 shares in the company, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.