Guardian Wealth Advisors LLC NC Sells 1,652 Shares of NIKE, Inc. (NYSE:NKE)

Guardian Wealth Advisors LLC NC reduced its stake in shares of NIKE, Inc. (NYSE:NKEGet Rating) by 37.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,726 shares of the footwear maker’s stock after selling 1,652 shares during the period. Guardian Wealth Advisors LLC NC’s holdings in NIKE were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in NIKE in the 1st quarter worth approximately $26,000. Antonetti Capital Management LLC boosted its holdings in NIKE by 900.0% in the 1st quarter. Antonetti Capital Management LLC now owns 200 shares of the footwear maker’s stock worth $27,000 after buying an additional 180 shares during the period. Alpha Paradigm Partners LLC bought a new position in NIKE in the 4th quarter worth approximately $31,000. Worth Asset Management LLC bought a new position in NIKE in the 1st quarter worth approximately $32,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in NIKE by 6,250.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 254 shares of the footwear maker’s stock worth $34,000 after buying an additional 250 shares during the period. 64.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NIKE news, COO Andrew Campion sold 5,922 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $671,673.24. Following the sale, the chief operating officer now owns 75,295 shares of the company’s stock, valued at approximately $8,539,958.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NIKE news, CFO Matthew Friend sold 4,139 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $469,445.38. Following the sale, the chief financial officer now owns 56,539 shares of the company’s stock, valued at approximately $6,412,653.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Andrew Campion sold 5,922 shares of NIKE stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total transaction of $671,673.24. Following the sale, the chief operating officer now directly owns 75,295 shares in the company, valued at approximately $8,539,958.90. The disclosure for this sale can be found here. Insiders have sold a total of 59,561 shares of company stock valued at $6,374,094 in the last quarter. Insiders own 0.40% of the company’s stock.

NIKE Price Performance

NKE stock opened at $112.38 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.84 and a current ratio of 2.63. NIKE, Inc. has a 52 week low of $99.53 and a 52 week high of $179.10. The firm’s fifty day moving average is $109.73 and its 200 day moving average is $117.38. The firm has a market cap of $176.27 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.35 and a beta of 1.03.

NIKE (NYSE:NKEGet Rating) last released its earnings results on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.10 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 3.78 earnings per share for the current year.

NIKE announced that its board has authorized a stock buyback plan on Monday, June 27th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the footwear maker to repurchase up to 11% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, September 2nd. NIKE’s dividend payout ratio (DPR) is presently 32.45%.

Wall Street Analyst Weigh In

Several research firms recently commented on NKE. Credit Suisse Group set a $130.00 price objective on shares of NIKE in a report on Wednesday, June 29th. Jefferies Financial Group set a $155.00 price objective on shares of NIKE in a report on Tuesday, June 28th. The Goldman Sachs Group lowered their target price on shares of NIKE from $155.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Stifel Nicolaus lowered their target price on shares of NIKE from $135.00 to $130.00 in a research note on Wednesday, July 20th. Finally, HSBC lowered their target price on shares of NIKE from $140.00 to $132.00 and set a “hold” rating on the stock in a research note on Tuesday, June 14th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.42.

NIKE Profile

(Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories 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.

See Also

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKEGet Rating).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.