NIKE, Inc. $NKE Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 74.2% during the second quarter, Holdings Channel reports. The institutional investor owned 64,605 shares of the footwear maker’s stock after selling 185,654 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in NIKE were worth $4,622,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock worth $1,694,842,000 after purchasing an additional 20,688,013 shares during the last quarter. Wellington Management Group LLP lifted its stake in NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the last quarter. Jennison Associates LLC bought a new stake in NIKE during the first quarter worth approximately $509,051,000. Nuveen LLC acquired a new position in NIKE in the first quarter worth approximately $502,285,000. Finally, Vanguard Group Inc. grew its position in NIKE by 4.6% in the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after buying an additional 4,957,494 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 6.2%

NYSE:NKE opened at $74.04 on Thursday. 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 fifty-two week low of $52.28 and a fifty-two week high of $85.23. The stock’s 50-day moving average is $74.73 and its two-hundred day moving average is $67.31. The stock has a market cap of $109.35 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business 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 21.05%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. NIKE’s dividend payout ratio (DPR) is 74.07%.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction 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 transaction, the chairman directly owned 842,361 shares of the company’s stock, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NKE shares. DZ Bank raised NIKE from a “neutral” rating to a “buy” rating in a research note on Wednesday. HSBC upgraded NIKE from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, June 27th. The Goldman Sachs Group set a $85.00 price target on NIKE and gave the stock a “buy” rating in a research note on Thursday, September 25th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $90.00 price objective on shares of NIKE in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.26.

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.