Sei Investments Co. Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

Sei Investments Co. raised its holdings in NIKE, Inc. (NYSE:NKE) by 26.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 985,520 shares of the footwear maker’s stock after purchasing an additional 207,548 shares during the quarter. Sei Investments Co. owned 0.07% of NIKE worth $74,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cim LLC bought a new position in NIKE during the fourth quarter valued at about $14,275,000. TKG Advisors LLC purchased a new position in NIKE in the fourth quarter valued at about $1,012,000. Spartan Planning & Wealth Management bought a new position in shares of NIKE during the 4th quarter valued at approximately $182,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of NIKE by 27.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 113,299 shares of the footwear maker’s stock worth $12,301,000 after purchasing an additional 24,686 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of NIKE by 86.0% in the 1st quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after purchasing an additional 9,689 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NKE has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their target price on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Stifel Nicolaus lowered their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. UBS Group reiterated a “neutral” rating and set a $78.00 target price on shares of NIKE in a research report on Friday, June 28th. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and boosted their price target for the company from $67.00 to $93.00 in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $92.00 price objective on shares of NIKE in a report on Friday. Fifteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.15.

NIKE Trading Up 6.8 %

Shares of NIKE stock opened at $86.52 on Friday. 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 1 year low of $70.75 and a 1 year high of $123.39. The firm has a market cap of $130.59 billion, a PE ratio of 23.20, a PEG ratio of 2.08 and a beta of 1.02. The company has a 50 day simple moving average of $78.11 and a two-hundred day simple moving average of $87.06.

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

NIKE Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, September 3rd. NIKE’s payout ratio is currently 39.68%.

Insider Activity

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

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.