Nicolet Bankshares Inc. grew its holdings in shares of Nike, Inc. (NYSE:NKE) by 17.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,418 shares of the footwear maker’s stock after purchasing an additional 2,612 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Nike were worth $1,028,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. V Wealth Management LLC purchased a new position in shares of Nike during the 2nd quarter worth $100,000. Webster Bank N. A. lifted its stake in shares of Nike by 75.5% during the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock worth $117,000 after purchasing an additional 900 shares during the period. Rational Advisors LLC lifted its stake in shares of Nike by 14.3% during the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock worth $143,000 after purchasing an additional 321 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Nike by 7.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after purchasing an additional 201 shares during the period. Finally, Cribstone Capital Management LLC lifted its stake in shares of Nike by 4.3% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,799 shares of the footwear maker’s stock worth $166,000 after purchasing an additional 115 shares during the period. 62.72% of the stock is currently owned by institutional investors.
In other Nike news, CAO Hilary K. Krane sold 28,072 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $58.10, for a total transaction of $1,630,983.20. Following the sale, the chief accounting officer now directly owns 177,723 shares of the company’s stock, valued at $10,325,706.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Campion sold 5,722 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the sale, the chief financial officer now directly owns 34,976 shares in the company, valued at $2,077,574.40. The disclosure for this sale can be found here. Insiders have sold 492,360 shares of company stock worth $28,485,174 over the last ninety days. Insiders own 3.90% of the company’s stock.
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A number of brokerages have weighed in on NKE. Stifel Nicolaus set a $66.00 price target on Nike and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Piper Jaffray Companies set a $53.00 target price on Nike and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Guggenheim reaffirmed a “buy” rating and issued a $70.00 target price on shares of Nike in a research report on Monday, July 24th. Cowen and Company set a $54.00 target price on Nike and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $65.00 target price on shares of Nike in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $60.48.
Shares of Nike, Inc. (NYSE NKE) opened at 53.87 on Friday. Nike, Inc. has a 12-month low of $49.01 and a 12-month high of $60.53. The company has a market cap of $88.52 billion, a PE ratio of 21.46 and a beta of 0.61. The stock’s 50 day moving average price is $55.88 and its 200-day moving average price is $55.47.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The firm had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts forecast that Nike, Inc. will post $2.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.34%. Nike’s dividend payout ratio is 28.69%.
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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