Marathon Trading Investment Management LLC Has $309,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Marathon Trading Investment Management LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 20.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,100 shares of the footwear maker’s stock after acquiring an additional 700 shares during the period. Marathon Trading Investment Management LLC’s holdings in NIKE were worth $309,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Seven Eight Capital LP grew its stake in shares of NIKE by 999.3% in the second quarter. Seven Eight Capital LP now owns 71,542 shares of the footwear maker’s stock valued at $5,392,000 after buying an additional 65,034 shares in the last quarter. CCLA Investment Management raised its position in NIKE by 1.1% during 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 lifted its stake in NIKE by 12.3% in 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 during the last quarter. Blair William & Co. IL grew its position in shares of NIKE by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 381,012 shares of the footwear maker’s stock valued at $28,717,000 after acquiring an additional 1,206 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of NIKE by 7.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 103,575 shares of the footwear maker’s stock worth $7,734,000 after purchasing an additional 6,962 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert Holmes Swan acquired 2,941 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was acquired 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 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 this hyperlink. In related news, Director Robert Holmes Swan bought 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the 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 completion of the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

NIKE Stock Up 0.4 %

Shares of NKE opened at $80.94 on Thursday. The firm has a 50 day simple moving average of $77.69 and a two-hundred day simple moving average of $87.28. 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 company has a market cap 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.

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

NIKE Dividend Announcement

The business 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. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.83%. NIKE’s dividend payout ratio (DPR) is currently 39.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NKE shares. Bank of America cut their target price on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Citigroup decreased their target price on NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, June 28th. StockNews.com downgraded NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Evercore ISI decreased their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Finally, Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and increased their price objective for the company from $67.00 to $93.00 in a research report on Friday, August 16th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.74.

About NIKE

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.