Mackenzie Financial Corp Sells 1,036,720 Shares of NIKE, Inc. (NYSE:NKE)

Mackenzie Financial Corp lessened its stake in NIKE, Inc. (NYSE:NKE) by 64.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 579,685 shares of the footwear maker’s stock after selling 1,036,720 shares during the quarter. Mackenzie Financial Corp’s holdings in NIKE were worth $43,691,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NKE. The Manufacturers Life Insurance Company grew its position in shares of NIKE by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 841,006 shares of the footwear maker’s stock worth $63,409,000 after buying an additional 4,347 shares during the last quarter. MBB Public Markets I LLC boosted its stake in NIKE by 2,986.8% in the second quarter. MBB Public Markets I LLC now owns 84,640 shares of the footwear maker’s stock valued at $6,379,000 after acquiring an additional 81,898 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in NIKE in the second quarter worth $333,000. Daymark Wealth Partners LLC increased its position in shares of NIKE by 1.7% during the second quarter. Daymark Wealth Partners LLC now owns 111,561 shares of the footwear maker’s stock worth $8,408,000 after purchasing an additional 1,896 shares in the last quarter. Finally, Delta Investment Management LLC lifted its holdings in shares of NIKE by 179.5% during the 2nd quarter. Delta Investment Management LLC now owns 8,233 shares of the footwear maker’s stock valued at $621,000 after purchasing an additional 5,287 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 value of $4,093,986.00. Following the transaction, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the business’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 of the company’s stock, valued at $80,419,507.30. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.1 %

Shares of NKE opened at $89.44 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The firm has a market cap of $135.00 billion, a P/E ratio of 23.98, a PEG ratio of 2.30 and a beta of 1.02. The stock’s 50 day moving average is $79.67 and its two-hundred day moving average is $86.67. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. NIKE’s dividend payout ratio is currently 39.68%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Guggenheim reduced their target price on NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. The Goldman Sachs Group cut their price objective on shares of NIKE from $118.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, June 28th. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Wells Fargo & Company upped their price target on shares of NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised their price target on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday. Fifteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.52.

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.