Ensign Peak Advisors Inc Decreases Stake in NIKE, Inc. (NYSE:NKE)

Ensign Peak Advisors Inc trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 41.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,430,782 shares of the footwear maker’s stock after selling 1,029,264 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.09% of NIKE worth $107,838,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cim LLC acquired a new position in shares of NIKE in the fourth quarter worth $14,275,000. TKG Advisors LLC acquired a new position in NIKE in the fourth quarter valued at $1,012,000. Spartan Planning & Wealth Management acquired a new position in NIKE in the fourth quarter valued at $182,000. Edmond DE Rothschild Holding S.A. increased its stake in NIKE by 27.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 113,299 shares of the footwear maker’s stock valued at $12,301,000 after purchasing an additional 24,686 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock valued at $1,970,000 after purchasing an additional 9,689 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NKE. Raymond James reissued a “market perform” rating on shares of NIKE in a research report on Friday, June 28th. Bank of America decreased their target price on NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Evercore ISI upped their target price on NIKE from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $83.00 target price (down previously from $116.00) on shares of NIKE in a research report on Friday, June 28th. Finally, Royal Bank of Canada decreased their target price on NIKE from $100.00 to $75.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 2nd. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.15.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 2,941 shares of the business’s 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 completion of the acquisition, the director now 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 can be accessed through this link. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan bought 2,941 shares of the business’s stock in a transaction on 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 completion of the acquisition, the director now owns 20,946 shares of the company’s stock, valued at $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 Performance

NKE opened at $86.55 on Friday. The firm has a market cap of $130.64 billion, a PE ratio of 23.20, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $78.11 and a 200-day simple moving average of $87.14. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39.

NIKE (NYSE:NKE) last released 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 business had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. As a group, equities analysts predict that NIKE, Inc. will post 3.06 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.71%. NIKE’s dividend payout ratio is 39.68%.

NIKE Company 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.