Cobblestone Capital Advisors LLC NY Boosts Holdings in NIKE, Inc. $NKE

Cobblestone Capital Advisors LLC NY increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 8.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,709 shares of the footwear maker’s stock after buying an additional 1,197 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in NIKE were worth $1,045,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Banco Santander S.A. increased its holdings in NIKE by 28.3% during the second quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock worth $15,708,000 after buying an additional 48,764 shares during the last quarter. Delta Investment Management LLC increased its holdings in NIKE by 5.0% during the second quarter. Delta Investment Management LLC now owns 3,771 shares of the footwear maker’s stock worth $268,000 after buying an additional 180 shares during the last quarter. Bolthouse Investments LLC increased its holdings in NIKE by 37.3% during the second quarter. Bolthouse Investments LLC now owns 10,737 shares of the footwear maker’s stock worth $763,000 after buying an additional 2,917 shares during the last quarter. Chilton Capital Management LLC increased its holdings in NIKE by 65.4% during the second quarter. Chilton Capital Management LLC now owns 979 shares of the footwear maker’s stock worth $70,000 after buying an additional 387 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in NIKE by 29.7% during the second quarter. Resonant Capital Advisors LLC now owns 4,998 shares of the footwear maker’s stock worth $357,000 after buying an additional 1,144 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of research analyst reports. Barclays set a $70.00 price objective on shares of NIKE and gave the stock a “positive” rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st. DZ Bank upgraded shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Finally, UBS Group set a $71.00 target price on shares of NIKE and gave the stock a “neutral” rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.21.

NIKE Price Performance

NKE stock opened at $69.15 on Monday. The firm has a 50 day moving average of $72.38 and a 200-day moving average of $67.94. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The firm has a market capitalization of $102.22 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the business earned $0.70 earnings per share. NIKE’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 82.05%.

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.