NIKE, Inc. (NYSE:NKE) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lowered its holdings in NIKE, Inc. (NYSE:NKE) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,805 shares of the footwear maker’s stock after selling 2,753 shares during the period. Fidelis Capital Partners LLC’s holdings in NIKE were worth $567,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Epoch Investment Partners Inc. boosted its position in NIKE by 3.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 14,750 shares of the footwear maker’s stock worth $1,112,000 after purchasing an additional 424 shares during the period. 1832 Asset Management L.P. boosted its position in shares of NIKE by 4.4% in the second quarter. 1832 Asset Management L.P. now owns 2,212,534 shares of the footwear maker’s stock worth $166,759,000 after buying an additional 93,708 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in shares of NIKE in the second quarter valued at about $674,000. Frank Rimerman Advisors LLC raised its holdings in shares of NIKE by 4,942.1% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 15,227 shares of the footwear maker’s stock valued at $1,148,000 after buying an additional 14,925 shares during the period. Finally, Holderness Investments Co. lifted its position in NIKE by 7.8% during the 2nd quarter. Holderness Investments Co. now owns 16,637 shares of the footwear maker’s stock worth $1,254,000 after acquiring an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on shares of NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. Oppenheimer reaffirmed an “outperform” rating and set a $120.00 price target on shares of NIKE in a report on Friday, June 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 price objective (down from $116.00) on shares of NIKE in a research report on Friday, June 28th. Guggenheim dropped their target price on NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Wells Fargo & Company boosted their price target on NIKE from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $96.15.

NIKE Stock Performance

Shares of NKE opened at $86.52 on Monday. 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 1 year low of $70.75 and a 1 year high of $123.39. The firm has a fifty day moving average of $78.11 and a 200-day moving average of $86.99. The company has a market cap of $130.59 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given 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 currently 39.68%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was bought 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was bought 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 directly 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 company insiders.

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.