Aberdeen Group plc Has $111.50 Million Position in NIKE, Inc. (NYSE:NKE)

Aberdeen Group plc raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 62.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,761,172 shares of the footwear maker’s stock after buying an additional 674,573 shares during the period. Aberdeen Group plc’s holdings in NIKE were worth $111,500,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in shares of NIKE during the 1st quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC boosted its stake in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock valued at $37,000 after buying an additional 201 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of NIKE during the 1st quarter valued at $37,000. Finally, Putney Financial Group LLC acquired a new stake in shares of NIKE during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $76.45 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The firm has a market capitalization of $112.91 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 2.81 and a beta of 1.27. The company’s fifty day moving average is $70.76 and its two-hundred day moving average is $67.67. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. NIKE’s payout ratio is 74.07%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of research reports. Royal Bank Of Canada decreased their target price on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 20th. Barclays raised their price target on shares of NIKE from $53.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, June 20th. Wall Street Zen downgraded shares of NIKE from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $70.00 price target on shares of NIKE in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.22.

NIKE 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.