Pure Financial Advisors LLC Purchases New Shares in NIKE, Inc. $NKE

Pure Financial Advisors LLC purchased a new stake in NIKE, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,996 shares of the footwear maker’s stock, valued at approximately $355,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in NIKE in the 1st quarter valued at $25,000. Halbert Hargrove Global Advisors LLC grew its stake in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares during the period. Matrix Trust Co boosted its stake in NIKE by 53.1% during 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 during the last quarter. Saudi Central Bank acquired a new stake in NIKE during the 1st quarter worth $30,000. Finally, Opal Wealth Advisors LLC acquired a new stake in NIKE during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised shares of NIKE from a “neutral” rating to a “positive” rating in a research note on Friday, September 19th. HSBC raised shares of NIKE from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, June 27th. Bank of America lifted their target price on shares of NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Hsbc Global Res raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Robert W. Baird lifted their target price on shares of NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average price target of $81.57.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

NIKE Stock Down 3.4%

NYSE NKE opened at $72.01 on Friday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $84.76. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $74.62 and its 200-day simple moving average is $67.31. The firm has a market cap of $106.34 billion, a PE ratio of 36.93, a P/E/G ratio of 2.75 and a beta of 1.29.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE’s payout ratio is 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.