Raymond James & Associates Buys 105,093 Shares of NIKE, Inc. (NYSE:NKE)

Raymond James & Associates grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,505,332 shares of the footwear maker’s stock after buying an additional 105,093 shares during the quarter. Raymond James & Associates owned 0.10% of NIKE worth $133,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. &PARTNERS bought a new stake in shares of NIKE in the first quarter worth about $712,000. International Assets Investment Management LLC grew its stake in shares of NIKE by 36.8% in the first quarter. International Assets Investment Management LLC now owns 4,890 shares of the footwear maker’s stock worth $453,000 after purchasing an additional 1,315 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of NIKE in the first quarter worth about $1,218,000. Global Assets Advisory LLC bought a new stake in shares of NIKE in the first quarter worth about $9,586,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in NIKE by 64.4% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 480 shares of the footwear maker’s stock worth $45,000 after buying an additional 188 shares during the period. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NKE shares. Sanford C. Bernstein reduced their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, September 19th. TD Cowen upped their target price on NIKE from $71.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Telsey Advisory Group reduced their target price on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Oppenheimer reissued an “outperform” rating and issued a $120.00 price target on shares of NIKE in a research report on Friday, June 28th. Finally, Evercore ISI dropped their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.56.

NIKE Trading Down 0.6 %

Shares of NKE stock opened at $82.92 on Friday. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market capitalization of $125.16 billion, a PE ratio of 22.23, a PEG ratio of 1.96 and a beta of 1.02. The stock has a fifty day simple moving average of $82.64 and a two-hundred day simple moving average of $85.28.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. During the same quarter in the prior year, the business posted $0.94 EPS. NIKE’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts predict that NIKE, Inc. will post 2.8 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

About NIKE

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.