Mariner Wealth Advisors LLC trimmed its holdings in shares of Nike, Inc. (NYSE:NKE) by 11.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,870 shares of the footwear maker’s stock after selling 11,945 shares during the period. Mariner Wealth Advisors LLC’s holdings in Nike were worth $5,480,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Windsor Capital Management LLC acquired a new stake in shares of Nike in the 1st quarter worth about $290,000. Compton Capital Management Inc. RI increased its holdings in shares of Nike by 0.5% in the 1st quarter. Compton Capital Management Inc. RI now owns 78,903 shares of the footwear maker’s stock worth $4,397,000 after acquiring an additional 400 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Nike in the 1st quarter worth about $432,000. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Nike by 74.6% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 267,883 shares of the footwear maker’s stock worth $14,929,000 after acquiring an additional 114,450 shares during the period. Finally, BP PLC acquired a new position in Nike during the 1st quarter valued at about $7,466,000. 62.78% of the stock is currently owned by institutional investors.
In other news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now directly owns 25,660 shares of the company’s stock, valued at approximately $1,371,527. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
NKE has been the topic of several research analyst reports. Morgan Stanley reissued a “buy” rating and set a $64.00 target price (down previously from $68.00) on shares of Nike in a research note on Tuesday, August 29th. Vetr upgraded shares of Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 price objective for the company in a research report on Wednesday, September 6th. Telsey Advisory Group reduced their price objective on shares of Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Wells Fargo & Company reiterated a “market perform” rating and issued a $55.00 target price (down from $56.00) on shares of Nike in a report on Tuesday, September 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Nike in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $59.01.
Nike, Inc. (NKE) traded down $0.70 during trading on Wednesday, hitting $59.72. The company had a trading volume of 7,862,151 shares, compared to its average volume of 9,579,048. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. Nike, Inc. has a fifty-two week low of $50.35 and a fifty-two week high of $61.21. The company has a market capitalization of $98,054.16, a PE ratio of 25.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.
Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. equities analysts predict that Nike, Inc. will post 2.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, December 1st. Nike’s payout ratio is currently 34.04%.
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NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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