EP Wealth Advisors LLC Acquires 551 Shares of NIKE, Inc. (NYSE:NKE)

EP Wealth Advisors LLC grew its holdings in NIKE, Inc. (NYSE:NKEGet Rating) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,990 shares of the footwear maker’s stock after purchasing an additional 551 shares during the period. EP Wealth Advisors LLC’s holdings in NIKE were worth $3,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of NIKE in the 1st quarter worth $26,000. Antonetti Capital Management LLC boosted its stake in shares of 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 last quarter. Alpha Paradigm Partners LLC purchased a new position in shares of NIKE in the 4th quarter worth $31,000. Worth Asset Management LLC purchased a new position in shares of NIKE in the 1st quarter worth $32,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of 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 last quarter. Institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. KGI Securities downgraded NIKE from an “outperform” rating to a “neutral” rating in a research note on Monday, May 23rd. HSBC dropped their price target on NIKE from $140.00 to $132.00 and set a “hold” rating on the stock in a research note on Tuesday, June 14th. Stifel Nicolaus dropped their price target on NIKE from $135.00 to $130.00 in a research note on Wednesday, July 20th. Credit Suisse Group set a $130.00 price target on NIKE in a research note on Wednesday, June 29th. Finally, The Goldman Sachs Group lowered their target price on NIKE from $155.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Ten 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.42.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 10,000 shares of NIKE stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $102.96 per share, with a total value of $1,029,600.00. Following the completion of the acquisition, the director now owns 25,681 shares of the company’s stock, valued at approximately $2,644,115.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NIKE news, COO Andrew Campion sold 5,922 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was 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 of the company’s stock, valued at $8,539,958.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 10,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were acquired at an average cost of $102.96 per share, for a total transaction of $1,029,600.00. Following the purchase, the director now owns 25,681 shares of the company’s stock, valued at approximately $2,644,115.76. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 59,561 shares of company stock valued at $6,374,094. 0.40% of the stock is currently owned by insiders.

NIKE Trading Up 1.2 %

Shares of NKE stock opened at $107.00 on Thursday. NIKE, Inc. has a 12-month low of $99.53 and a 12-month high of $179.10. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $109.98 and its 200-day moving average price is $117.11. The stock has a market capitalization of $167.84 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03.

NIKE (NYSE:NKEGet Rating) last issued its earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.09. NIKE had a return on equity of 40.74% and a net margin of 12.94%. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.10 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Equities research analysts predict that NIKE, Inc. will post 3.78 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $1.22 annualized dividend and a dividend yield of 1.14%. NIKE’s dividend payout ratio (DPR) is 32.45%.

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

About NIKE

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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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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