Nike, Inc. (NKE) Holdings Lifted by Nicolet Bankshares Inc.

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%.

About Nike

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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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