Greenleaf Trust Buys 15,139 Shares of NIKE, Inc. $NKE

Greenleaf Trust lifted its stake in NIKE, Inc. (NYSE:NKE) by 12.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 133,978 shares of the footwear maker’s stock after buying an additional 15,139 shares during the quarter. Greenleaf Trust’s holdings in NIKE were worth $9,342,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NKE. Brighton Jones LLC increased its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NIKE by 25.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 285,137 shares of the footwear maker’s stock valued at $18,100,000 after buying an additional 57,960 shares during the last quarter. UniSuper Management Pty Ltd increased its position in shares of NIKE by 2.9% during the first quarter. UniSuper Management Pty Ltd now owns 167,525 shares of the footwear maker’s stock valued at $10,634,000 after acquiring an additional 4,700 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in NIKE by 2.9% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 53,131 shares of the footwear maker’s stock worth $3,394,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in NIKE in the 1st quarter worth approximately $311,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NYSE NKE opened at $64.53 on Tuesday. The company has a 50-day moving average price of $63.51 and a 200-day moving average price of $69.45. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $95.38 billion, a P/E ratio of 37.96, a PEG ratio of 2.72 and a beta of 1.28.

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

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is 96.47%.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the transaction, the chairman owned 647,615 shares of the company’s stock, valued at $41,965,452. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 16,150 shares of the stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the transaction, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 91,229 shares of company stock worth $5,452,640 in the last quarter. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on NKE shares. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of NIKE in a research note on Friday, December 12th. Telsey Advisory Group reduced their price objective on NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Weiss Ratings cut shares of NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. The Goldman Sachs Group set a $77.00 price target on shares of NIKE in a report on Friday, December 19th. Finally, Daiwa Capital Markets decreased their price objective on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.84.

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).