Dynamic Advisor Solutions LLC Sells 4,285 Shares of NIKE, Inc. (NYSE:NKE)

Dynamic Advisor Solutions LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 21.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,799 shares of the footwear maker’s stock after selling 4,285 shares during the period. Dynamic Advisor Solutions LLC’s holdings in NIKE were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NKE. ZWJ Investment Counsel Inc. raised its stake in shares of NIKE by 4.0% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after acquiring an additional 100 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in NIKE by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock worth $2,776,000 after acquiring an additional 100 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of NIKE by 12.9% during the fourth quarter. J.Safra Asset Management Corp now owns 883 shares of the footwear maker’s stock valued at $96,000 after acquiring an additional 101 shares in the last quarter. Beta Wealth Group Inc. lifted its holdings in shares of NIKE by 2.3% during the fourth quarter. Beta Wealth Group Inc. now owns 4,501 shares of the footwear maker’s stock valued at $489,000 after purchasing an additional 101 shares in the last quarter. Finally, Kennon Green & Company LLC grew its stake in shares of NIKE by 1.6% in the fourth quarter. Kennon Green & Company LLC now owns 6,765 shares of the footwear maker’s stock worth $734,000 after acquiring an additional 107 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Raymond James restated a “market perform” rating on shares of NIKE in a research report on Friday, June 28th. BMO Capital Markets decreased their price target on NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. UBS Group reaffirmed a “neutral” rating and set a $78.00 target price on shares of NIKE in a research report on Friday, June 28th. Finally, TD Cowen cut their price objective on shares of NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of “Hold” and a consensus target price of $96.30.

Insider Buying and Selling

In related news, Director Robert Holmes Swan purchased 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the transaction, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a document filed 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 bought at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the acquisition, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction 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 completion of the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

NIKE Price Performance

NIKE stock traded up $1.81 during midday trading on Tuesday, reaching $76.45. The company’s stock had a trading volume of 2,040,629 shares, compared to its average volume of 11,328,504. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. 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 business has a 50-day moving average price of $81.34 and a 200-day moving average price of $91.40. The stock has a market cap of $115.39 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts predict that NIKE, Inc. will post 3.12 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. NIKE’s dividend payout ratio is presently 39.68%.

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.