2,691 Shares in Nike Inc (NKE) Acquired by Strategic Advisors LLC

Strategic Advisors LLC purchased a new position in Nike Inc (NYSE:NKE) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,691 shares of the footwear maker’s stock, valued at approximately $228,000.

Other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Nike in the 2nd quarter worth approximately $104,000. BDO Wealth Advisors LLC grew its stake in shares of Nike by 1,044.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock worth $111,000 after buying an additional 1,274 shares during the last quarter. CSat Investment Advisory L.P. purchased a new stake in shares of Nike in the 2nd quarter worth approximately $119,000. Global Trust Asset Management LLC grew its stake in shares of Nike by 1,253.8% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,760 shares of the footwear maker’s stock worth $149,000 after buying an additional 1,630 shares during the last quarter. Finally, Tyvor Capital LLC purchased a new stake in shares of Nike in the 2nd quarter worth approximately $160,000. Institutional investors own 64.03% of the company’s stock.

In related news, Director Johnathan A. Rodgers sold 16,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $85.05, for a total value of $1,360,800.00. Following the transaction, the director now directly owns 26,963 shares of the company’s stock, valued at approximately $2,293,203.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew Campion sold 2,907 shares of the firm’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $76.85, for a total value of $223,402.95. The disclosure for this sale can be found here. Insiders have sold a total of 68,648 shares of company stock worth $5,652,227 over the last three months. Insiders own 3.90% of the company’s stock.

NKE has been the topic of several analyst reports. HSBC reaffirmed a “neutral” rating and issued a $92.00 price objective on shares of Nike in a research report on Wednesday, October 3rd. Zacks Investment Research cut Nike from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Goldman Sachs Group initiated coverage on Nike in a research report on Monday, June 25th. They issued a “neutral” rating and a $78.00 price objective on the stock. Credit Suisse Group set a $90.00 price objective on Nike and gave the company a “buy” rating in a research report on Friday, June 29th. Finally, Morgan Stanley set a $88.00 price objective on Nike and gave the company a “buy” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $84.75.

NYSE NKE opened at $75.60 on Friday. The firm has a market cap of $121.46 billion, a PE ratio of 30.59, a PEG ratio of 2.54 and a beta of 0.65. The company has a current ratio of 2.31, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. Nike Inc has a 1-year low of $51.48 and a 1-year high of $86.04.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Nike had a return on equity of 40.69% and a net margin of 5.57%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. As a group, analysts forecast that Nike Inc will post 2.63 EPS for the current fiscal year.

Nike declared that its Board of Directors has approved a share buyback program on Thursday, June 28th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the footwear maker to repurchase up to 12.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.06%. Nike’s payout ratio is 33.06%.

Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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