NIKE, Inc. $NKE Stock Holdings Boosted by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd lifted its position in NIKE, Inc. (NYSE:NKE) by 34.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,800 shares of the footwear maker’s stock after buying an additional 7,900 shares during the period. NIKE makes up 1.4% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 22nd largest position. OPTIMAS CAPITAL Ltd’s holdings in NIKE were worth $2,148,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in NIKE in the 2nd quarter valued at about $31,000. Guerra Advisors Inc bought a new stake in shares of NIKE in the 3rd quarter worth approximately $34,000. NewSquare Capital LLC lifted its stake in NIKE by 54.4% during the second quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 258 shares during the last quarter. Field & Main Bank boosted its holdings in NIKE by 36.4% during the second quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock worth $53,000 after buying an additional 200 shares in the last quarter. Finally, Financial Consulate Inc. acquired a new position in NIKE in the third quarter worth approximately $57,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, CEO Elliott Hill acquired 16,388 shares of NIKE stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the transaction, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy D. Cook bought 50,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was purchased at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the transaction, the director owned 105,480 shares in the company, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 75,079 shares of company stock worth $4,449,887. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent research reports. Needham & Company LLC downgraded NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Berenberg Bank reaffirmed a “neutral” rating and set a $70.00 target price on shares of NIKE in a report on Friday, December 19th. Raymond James Financial reissued a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Robert W. Baird cut their price objective on NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Finally, Citigroup reiterated a “neutral” rating and issued a $65.00 target price (down from $70.00) on shares of NIKE in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.61.

NIKE Trading Up 1.9%

Shares of NYSE NKE opened at $63.91 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The business has a 50-day moving average price of $63.85 and a two-hundred day moving average price of $68.24. The firm has a market capitalization of $94.61 billion, a PE ratio of 37.59, a PEG ratio of 3.27 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were paid a dividend of $0.41 per share. This is an increase from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s dividend payout ratio (DPR) is 96.47%.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).