Shares of NIKE, Inc. (NYSE:NKE) bought by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp raised its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,831 shares of the footwear maker’s stock after acquiring an additional 251 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in NIKE were worth $364,000 as of its most recent SEC filing.

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

Insider trading at NIKE

In related news, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of $77.02 per share, with a total value of $226,515.82. Following the completion of the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert Holmes Swan acquired 2,941 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, Chairman Mark G. Parker sold 52,487 shares of the 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 completion of the transaction, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

NIKE stock performance

Shares of NKE stock opened at $83.32 on Monday. NIKE, Inc. it has a 52-week low of $70.75 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. The firm has a 50-day moving average price of $77.91 and a 200-day moving average price of $89.37. The firm has a market cap of $124.93 billion, a PE ratio of 22.34, a P/E/G ratio of 2.19 and a beta of 1.01.

NIKE (NYSE:NKE – Get Your Free Report ) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping 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 company had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. In the same quarter last year, the firm posted EPS of $0.66. The company’s revenue for the quarter was down 1.6% year over year. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.1 earnings per share for the current fiscal year.

NIKE announces dividend

The company also recently disclosed 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. This represents a dividend of $1.48 on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, September 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Analyst upgrades and downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 price objective (down previously from $116.00) on shares of NIKE in a research report on Friday, June 28th. Wells Fargo & Company cut their price target on NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. UBS Group restated a “neutral” rating and issued a $78.00 target price on shares of NIKE in a report on Friday, June 28th. StockNews.com lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Finally, Wedbush decreased their price objective on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $95.59, based on data from MarketBeat.

Check out our latest report on NIKE

NIKE Company Profile

(Free report)

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 brand; and casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell brands.

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