Thoroughbred Financial Services LLC Has $265,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Thoroughbred Financial Services LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,527 shares of the footwear maker’s stock after selling 335 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in NIKE were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NKE. Stoneridge Investment Partners LLC boosted its holdings in shares of NIKE by 11.1% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 54,280 shares of the footwear maker’s stock worth $4,091,000 after buying an additional 5,409 shares during the period. Fiduciary Group LLC grew its position in shares of NIKE by 6.7% in the second quarter. Fiduciary Group LLC now owns 45,868 shares of the footwear maker’s stock valued at $3,457,000 after purchasing an additional 2,895 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in shares of NIKE by 14.2% during the second quarter. Pinkerton Retirement Specialists LLC now owns 16,999 shares of the footwear maker’s stock worth $1,281,000 after purchasing an additional 2,113 shares during the period. GHP Investment Advisors Inc. lifted its holdings in NIKE by 6.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 2,219 shares of the footwear maker’s stock worth $167,000 after purchasing an additional 143 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in NIKE by 21.2% in the 2nd quarter. Meeder Advisory Services Inc. now owns 19,362 shares of the footwear maker’s stock valued at $1,459,000 after purchasing an additional 3,390 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Holmes Swan purchased 2,941 shares of the business’s stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.

NIKE Stock Up 1.1 %

NYSE:NKE opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The firm’s 50 day simple moving average is $77.52 and its 200 day simple moving average is $87.32. The company has a market cap of $121.71 billion, a PE ratio of 21.62, a P/E/G ratio of 2.08 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. NIKE’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, research analysts anticipate that NIKE, Inc. will post 3.06 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. NIKE’s payout ratio is 39.68%.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. Wedbush dropped their target price on NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, June 28th. Daiwa America downgraded shares of NIKE from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. HSBC decreased their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Jefferies Financial Group cut their price target on NIKE from $90.00 to $80.00 in a research note on Friday, July 12th. Finally, UBS Group restated a “neutral” rating and set a $78.00 price objective on shares of NIKE in a research note on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.59.

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.