Robert Holmes Swan Acquires 2,941 Shares of NIKE, Inc. (NYSE:NKE) Stock

NIKE, Inc. (NYSE:NKE) Director Robert Holmes Swan bought 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the transaction, the director now directly owns 20,946 shares in the company, valued at approximately $1,613,260.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NIKE Stock Down 1.0 %

Shares of NYSE:NKE opened at $76.06 on Wednesday. The company has a market capitalization of $114.80 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a 50 day moving average of $92.94 and a two-hundred day moving average of $98.54. NIKE, Inc. has a 52-week low of $74.29 and a 52-week high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that NIKE, Inc. will post 3.9 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s payout ratio is 39.68%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Piscataqua Savings Bank raised its position in shares of NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after purchasing an additional 100 shares in the last quarter. Physicians Financial Services Inc. increased its stake in shares of NIKE by 0.6% in the fourth quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock worth $1,745,000 after buying an additional 100 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in NIKE by 4.0% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after acquiring an additional 100 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in NIKE by 0.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock valued at $2,776,000 after acquiring an additional 100 shares during the last quarter. Finally, Claro Advisors LLC raised its stake in shares of NIKE by 0.8% in the 4th quarter. Claro Advisors LLC now owns 12,227 shares of the footwear maker’s stock valued at $1,327,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NKE shares. Williams Trading reiterated a “sell” rating and issued a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Barclays downgraded shares of NIKE from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $109.00 to $80.00 in a report on Friday, June 28th. Jefferies Financial Group dropped their price objective on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 price target (down from $116.00) on shares of NIKE in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $98.04.

About NIKE

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.