Berkeley Capital Partners LLC Buys 844 Shares of NIKE, Inc. $NKE

Berkeley Capital Partners LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.9% in the second quarter, Holdings Channel reports. The institutional investor owned 18,239 shares of the footwear maker’s stock after purchasing an additional 844 shares during the period. Berkeley Capital Partners LLC’s holdings in NIKE were worth $1,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in NIKE during the 1st quarter valued at approximately $25,000. Mascoma Wealth Management LLC bought a new position in NIKE during the 2nd quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC increased its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after buying an additional 362 shares in the last quarter. Saudi Central Bank bought a new stake in shares of NIKE in the 1st quarter worth $30,000. Finally, Matrix Trust Co increased its holdings in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NKE. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Citigroup raised NIKE from a “neutral” rating to a “positive” rating in a report on Friday, September 19th. TD Cowen upgraded NIKE from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $85.00 in a research note on Wednesday, September 10th. Evercore ISI dropped their price target on NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.21.

NIKE Price Performance

NYSE NKE opened at $67.71 on Tuesday. The business’s fifty day moving average is $72.97 and its 200 day moving average is $67.56. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $83.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The company has a market capitalization of $100.09 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.29.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. NIKE’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s payout ratio is currently 82.05%.

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.