Oak Asset Management LLC Has $1.94 Million Holdings in NIKE, Inc. (NYSE:NKE)

Oak Asset Management LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,686 shares of the footwear maker’s stock after buying an additional 150 shares during the quarter. Oak Asset Management LLC’s holdings in NIKE were worth $1,944,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NKE. Piscataqua Savings Bank increased its position in shares of NIKE by 2.1% during the fourth quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after purchasing an additional 100 shares during the period. Physicians Financial Services Inc. increased its position in shares of NIKE by 0.6% during the fourth quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock valued at $1,745,000 after purchasing an additional 100 shares during the period. ZWJ Investment Counsel Inc. increased its position in shares of NIKE by 4.0% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after purchasing an additional 100 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of NIKE by 0.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock valued at $2,776,000 after purchasing an additional 100 shares during the period. Finally, Claro Advisors LLC increased its position in shares of NIKE by 0.8% during the fourth quarter. Claro Advisors LLC now owns 12,227 shares of the footwear maker’s stock valued at $1,327,000 after purchasing an additional 101 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NKE. Wells Fargo & Company lowered their price objective on NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group lowered their price objective on NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. Evercore ISI lowered their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $115.00 price target on shares of NIKE in a research report on Thursday, June 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $120.00 price target on shares of NIKE in a research report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $98.96.

NIKE Trading Down 20.0 %

Shares of NKE opened at $75.37 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. NIKE, Inc. has a 12-month low of $74.55 and a 12-month high of $123.39. The firm has a market capitalization of $113.76 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The stock’s fifty day simple moving average is $93.28 and its 200-day simple moving average is $98.85.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts predict that NIKE, Inc. will post 3.9 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is 39.68%.

NIKE Profile

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.