NIKE, Inc. $NKE Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,429 shares of the footwear maker’s stock after selling 1,812 shares during the period. Koss Olinger Consulting LLC’s holdings in NIKE were worth $3,014,000 as of its most recent SEC filing.

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

NIKE Trading Down 0.8%

Shares of NIKE stock opened at $69.15 on Monday. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The firm has a market cap of $102.22 billion, a PE ratio of 35.46, a P/E/G ratio of 2.55 and a beta of 1.29. The business’s fifty day moving average is $72.38 and its two-hundred day moving average is $67.94. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The company had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 82.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NKE. BTIG Research began coverage on NIKE in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 target price on the stock. Sanford C. Bernstein reiterated a “buy” rating and set a $90.00 target price on shares of NIKE in a report on Monday, October 13th. Barclays set a $70.00 target price on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. UBS Group set a $71.00 target price on NIKE and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of NIKE in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.21.

Insiders Place Their Bets

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

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.