Aviso Financial Inc. Has $1.83 Million Stock Holdings in NIKE, Inc. $NKE

Aviso Financial Inc. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,706 shares of the footwear maker’s stock after purchasing an additional 1,397 shares during the period. Aviso Financial Inc.’s holdings in NIKE were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC bought a new stake in NIKE in the 1st quarter valued at $25,000. Mascoma Wealth Management LLC acquired a new position in shares of NIKE in the second quarter valued at $26,000. Halbert Hargrove Global Advisors LLC raised its position in shares of NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares during the period. Saudi Central Bank bought a new position in shares of NIKE in the first quarter valued at about $30,000. Finally, Matrix Trust Co lifted its stake in shares of 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 last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at $41,965,452. This trade represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction on Monday, October 6th. The shares were 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 $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on NKE shares. Barclays set a $70.00 price target on NIKE and gave the company a “positive” rating in a research note on Wednesday, October 1st. KeyCorp set a $90.00 target price on shares of NIKE and gave the company an “overweight” rating in a research report on Thursday, October 2nd. DZ Bank upgraded shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $78.00 price objective on shares of NIKE in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $82.24.

NIKE Stock Performance

NKE stock opened at $62.02 on Tuesday. The firm has a market cap of $91.68 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $67.14 and a 200-day moving average price of $69.01. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44.

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

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a dividend of $0.41 per share. The ex-dividend date is Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.6%. NIKE’s dividend payout ratio (DPR) is currently 84.10%.

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.