Lombard Odier Asset Management USA Corp Increases Holdings in NIKE, Inc. (NYSE:NKE)

Lombard Odier Asset Management USA Corp increased its stake in NIKE, Inc. (NYSE:NKE) by 43.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the footwear maker’s stock after acquiring an additional 2,111 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in NIKE were worth $528,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NKE. Evergreen Capital Management LLC increased its position in shares of NIKE by 6.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 238,930 shares of the footwear maker’s stock valued at $18,095,000 after purchasing an additional 13,953 shares during the last quarter. Public Sector Pension Investment Board increased its position in NIKE by 71.5% during the second quarter. Public Sector Pension Investment Board now owns 46,500 shares of the footwear maker’s stock valued at $3,505,000 after acquiring an additional 19,390 shares during the last quarter. DRW Securities LLC raised its stake in shares of NIKE by 62.9% in the second quarter. DRW Securities LLC now owns 8,307 shares of the footwear maker’s stock valued at $626,000 after acquiring an additional 3,209 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of NIKE in the 2nd quarter worth about $934,000. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of NIKE by 3.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 14,750 shares of the footwear maker’s stock worth $1,112,000 after acquiring an additional 424 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Transactions at NIKE

In related 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 value of $8,026,700.00. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the business’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 sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated 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 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. Insiders own 0.50% of the company’s stock.

NIKE Trading Up 6.8 %

NYSE NKE opened at $86.52 on Monday. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The company has a 50 day moving average price of $78.11 and a 200 day moving average price of $86.99. 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 firm has a market cap of $130.59 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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 business had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, sell-side analysts forecast that NIKE, Inc. will post 3.06 EPS for the current fiscal year.

NIKE Announces Dividend

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

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Jefferies Financial Group decreased their price target on NIKE from $90.00 to $80.00 in a research note on Friday, July 12th. Raymond James restated a “market perform” rating on shares of NIKE in a report on Friday, June 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $83.00 target price (down from $116.00) on shares of NIKE in a research note on Friday, June 28th. Finally, Bank of America reduced their price target on shares of NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.15.

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.