Oliver Lagore Vanvalin Investment Group Buys 139 Shares of NIKE, Inc. (NYSE:NKE)

Oliver Lagore Vanvalin Investment Group grew its stake in NIKE, Inc. (NYSE:NKE) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,726 shares of the footwear maker’s stock after purchasing an additional 139 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in NIKE were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Annapolis Financial Services LLC lifted its position in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after buying an additional 220 shares during the last quarter. True Wealth Design LLC raised its stake in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $33,000. Core Wealth Advisors Inc. lifted its holdings in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after acquiring an additional 241 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new position in shares of NIKE during the 4th quarter worth about $36,000. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of NIKE in a research report on Friday, June 28th. The Goldman Sachs Group decreased their price target on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Robert W. Baird upped their price objective on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their target price on NIKE from $75.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Daiwa America lowered shares of NIKE from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $96.52.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the sale, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.0 %

NYSE:NKE opened at $89.43 on Friday. The stock has a market capitalization of $134.98 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.30 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The company’s 50-day simple moving average is $79.67 and its 200-day simple moving average is $86.77.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that NIKE, Inc. will post 3.04 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

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.