NIKE, Inc. $NKE Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,138 shares of the footwear maker’s stock after selling 493 shares during the period. Jacobs & Co. CA’s holdings in NIKE were worth $11,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after acquiring an additional 17,888 shares during the period. Triumph Capital Management acquired a new stake in shares of NIKE in the 4th quarter worth approximately $215,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NIKE by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,177 shares of the footwear maker’s stock worth $17,190,000 after acquiring an additional 11,501 shares during the period. Finally, Man Group plc lifted its stake in shares of NIKE by 3.1% in the 4th quarter. Man Group plc now owns 358,812 shares of the footwear maker’s stock worth $27,151,000 after acquiring an additional 10,762 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NKE. Hsbc Global Res raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Barclays upped their price target on shares of NIKE from $53.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, June 27th. Needham & Company LLC upped their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Bank of America upped their price target on shares of NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Finally, Argus raised shares of NIKE to a “buy” rating in a research note on Sunday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.67.

NIKE Stock Down 1.6%

NKE stock opened at $73.12 on Friday. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The company’s 50 day simple moving average is $75.40 and its 200-day simple moving average is $67.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The firm has a market capitalization of $107.98 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.70 and a beta of 1.24.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 74.07%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

NIKE Company 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.