Delaney Dennis R Sells 6,256 Shares of NIKE, Inc. (NYSE:NKE)

Delaney Dennis R decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 28.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,000 shares of the footwear maker’s stock after selling 6,256 shares during the quarter. Delaney Dennis R’s holdings in NIKE were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Marathon Trading Investment Management LLC grew its position in NIKE by 20.6% during the second quarter. Marathon Trading Investment Management LLC now owns 4,100 shares of the footwear maker’s stock valued at $309,000 after acquiring an additional 700 shares during the last quarter. Seven Eight Capital LP lifted its position in NIKE by 999.3% during the 2nd quarter. Seven Eight Capital LP now owns 71,542 shares of the footwear maker’s stock valued at $5,392,000 after acquiring an additional 65,034 shares during the period. CCLA Investment Management boosted its holdings in NIKE by 1.1% in the second quarter. CCLA Investment Management now owns 950,071 shares of the footwear maker’s stock worth $71,607,000 after acquiring an additional 10,332 shares in the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of NIKE by 12.3% during the second quarter. Elo Mutual Pension Insurance Co now owns 105,855 shares of the footwear maker’s stock valued at $7,978,000 after acquiring an additional 11,563 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of NIKE by 0.3% in the second quarter. Blair William & Co. IL now owns 381,012 shares of the footwear maker’s stock worth $28,717,000 after acquiring an additional 1,206 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the acquisition, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the purchase, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The disclosure for this purchase can be found here. Company insiders own 0.50% of the company’s stock.

NIKE Trading Up 0.4 %

NYSE:NKE opened at $80.94 on Thursday. The company has a market capitalization of $122.17 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.08 and a beta of 1.02. The stock’s 50 day moving average price is $77.69 and its 200 day moving average price is $87.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s payout ratio is currently 39.68%.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Wedbush lowered their price objective on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Piper Sandler restated a “neutral” rating and set a $80.00 price objective on shares of NIKE in a research report on Friday, August 23rd. UBS Group reiterated a “neutral” rating and issued a $78.00 price target on shares of NIKE in a research report on Friday, June 28th. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $83.00 target price (down from $116.00) on shares of NIKE in a research report on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.74.

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.