J.W. Cole Advisors Inc. Sells 173 Shares of NIKE, Inc. (NYSE:NKE)

J.W. Cole Advisors Inc. decreased its holdings in NIKE, Inc. (NYSE:NKEGet Rating) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,337 shares of the footwear maker’s stock after selling 173 shares during the period. J.W. Cole Advisors Inc.’s holdings in NIKE were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. American Trust lifted its holdings in shares of NIKE by 34.2% in the 1st quarter. American Trust now owns 55,204 shares of the footwear maker’s stock valued at $7,428,000 after acquiring an additional 14,064 shares during the last quarter. Peachtree Investment Partners LLC raised its position in NIKE by 5.9% in the 1st quarter. Peachtree Investment Partners LLC now owns 20,529 shares of the footwear maker’s stock worth $2,762,000 after purchasing an additional 1,137 shares during the period. Vise Technologies Inc. purchased a new stake in NIKE in the 1st quarter worth about $370,000. Mirae Asset Global Investments Co. Ltd. raised its position in NIKE by 9.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 510,499 shares of the footwear maker’s stock worth $68,693,000 after purchasing an additional 42,532 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in NIKE by 2.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 64,843 shares of the footwear maker’s stock worth $8,725,000 after purchasing an additional 1,849 shares during the period. Institutional investors own 64.19% of the company’s stock.

Insider Transactions at NIKE

In other news, EVP Monique S. Matheson sold 30,000 shares of NIKE stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $107.19, for a total transaction of $3,215,700.00. Following the completion of the sale, the executive vice president now directly owns 60,330 shares in the company, valued at $6,466,772.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NIKE news, Director John W. Rogers, Jr. bought 10,000 shares of NIKE stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average price of $102.96 per share, with a total value of $1,029,600.00. Following the completion of the acquisition, the director now directly owns 25,681 shares in the company, valued at approximately $2,644,115.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monique S. Matheson sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $107.19, for a total transaction of $3,215,700.00. Following the transaction, the executive vice president now directly owns 60,330 shares of the company’s stock, valued at approximately $6,466,772.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,561 shares of company stock worth $6,374,094. Company insiders own 0.40% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $104.12 on Friday. NIKE, Inc. has a twelve month low of $99.53 and a twelve month high of $179.10. The company has a 50 day moving average of $109.90 and a two-hundred day moving average of $116.63. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.58. The company has a market cap of $163.32 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

NIKE (NYSE:NKEGet Rating) last posted its quarterly earnings data on Monday, June 27th. The footwear maker reported $0.90 EPS for the quarter, topping 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 business had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $12.10 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts predict that NIKE, Inc. will post 3.78 earnings per share for the current fiscal year.

NIKE declared that its board has authorized a share repurchase plan on Monday, June 27th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the footwear maker to buy up to 11% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $1.22 annualized dividend and a dividend yield of 1.17%. NIKE’s payout ratio is currently 32.45%.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of NIKE from $150.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Barclays reduced their price objective on shares of NIKE from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. KGI Securities lowered shares of NIKE from an “outperform” rating to a “neutral” rating in a research report on Monday, May 23rd. Citigroup raised shares of NIKE to a “neutral” rating in a research report on Friday, August 19th. Finally, Cowen reduced their target price on shares of NIKE from $127.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.42.

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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