NIKE, Inc. (NYSE:NKE) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 23.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,226 shares of the footwear maker’s stock after purchasing an additional 8,249 shares during the quarter. Aptus Capital Advisors LLC’s holdings in NIKE were worth $3,258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Annapolis Financial Services LLC boosted its position in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after buying an additional 220 shares in the last quarter. True Wealth Design LLC raised its position in NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter valued at about $33,000. Core Wealth Advisors Inc. grew its position in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new position in shares of NIKE during the 4th quarter worth approximately $36,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated 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 transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the company’s stock in a transaction on Friday, June 28th. The shares were acquired at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the acquisition, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.1 %

NYSE:NKE traded up $0.06 during mid-day trading on Friday, hitting $83.32. The company had a trading volume of 13,755,265 shares, compared to its average volume of 11,371,491. The business has a fifty day simple moving average of $77.91 and a 200-day simple moving average of $89.49. The firm has a market capitalization of $124.93 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.19 and a beta of 1.01. NIKE, Inc. has a 1 year low of $70.75 and a 1 year 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.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. Equities analysts forecast that NIKE, Inc. will post 3.1 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced 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 1.78%. NIKE’s payout ratio is currently 39.68%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of analyst reports. Bank of America lowered their target price on NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Raymond James reiterated a “market perform” rating on shares of NIKE in a research report on Friday, June 28th. BMO Capital Markets reduced their target price on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Jefferies Financial Group cut their price objective on shares of NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. Finally, Stifel Nicolaus decreased their target price on shares of NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $95.59.

NIKE Company 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.