NIKE, Inc. $NKE Shares Purchased by Pavion Blue Capital LLC

Pavion Blue Capital LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,704 shares of the footwear maker’s stock after acquiring an additional 331 shares during the period. Pavion Blue Capital LLC’s holdings in NIKE were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Stone House Investment Management LLC acquired a new stake in NIKE during the first quarter worth about $25,000. Mascoma Wealth Management LLC purchased a new position in NIKE during the second quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC boosted its position in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares in the last quarter. Saudi Central Bank purchased a new position in NIKE during the first quarter worth approximately $30,000. Finally, Matrix Trust Co boosted its position in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NIKE stock opened at $68.51 on Tuesday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company has a market cap of $101.26 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The business’s 50 day moving average price is $72.20 and its 200 day moving average price is $68.01.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. NIKE’s dividend payout ratio (DPR) is presently 82.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NKE. JPMorgan Chase & Co. increased their price target on NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of NIKE in a research report on Monday, September 29th. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the company a “buy” rating in a research report on Thursday, September 25th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Finally, Morgan Stanley set a $72.00 target price on NIKE and gave the company a “positive” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $82.21.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the transaction, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

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.