Nisa Investment Advisors LLC Trims Holdings in NIKE, Inc. $NKE

Nisa Investment Advisors LLC decreased its position in NIKE, Inc. (NYSE:NKE) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,850 shares of the footwear maker’s stock after selling 75,263 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NIKE were worth $27,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in shares of NIKE in the 1st quarter valued at $25,000. Mascoma Wealth Management LLC purchased a new stake in NIKE during the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC increased its stake in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares during the period. Saudi Central Bank purchased a new stake in NIKE during the first quarter worth about $30,000. Finally, Matrix Trust Co increased its stake in NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.8%

NKE opened at $69.15 on Monday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company has a market cap of $102.22 billion, a P/E ratio of 35.46, a PEG ratio of 2.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The business’s 50-day simple moving average is $72.38 and its 200-day simple moving average is $67.94.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The company had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NKE shares. Citigroup raised shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $90.00 price objective on shares of NIKE in a research report on Monday, October 13th. Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Royal Bank Of Canada restated an “outperform” rating on shares of NIKE in a report on Friday, October 10th. Finally, Argus upgraded shares of NIKE to a “buy” rating in a research note on Sunday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.21.

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.