NIKE, Inc. (NYSE:NKE) Stock Holdings Lifted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in NIKE, Inc. (NYSE:NKE) by 625.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,900 shares of the footwear maker’s stock after purchasing an additional 66,299 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NIKE were worth $5,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NKE. Cim LLC bought a new stake in shares of NIKE during the 4th quarter worth about $14,275,000. TKG Advisors LLC bought a new stake in shares of NIKE during the 4th quarter worth about $1,012,000. Spartan Planning & Wealth Management bought a new stake in shares of NIKE during the 4th quarter worth about $182,000. Advisors Asset Management Inc. boosted its stake in shares of NIKE by 86.0% during the 1st quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after acquiring an additional 9,689 shares in the last quarter. Finally, Enzi Wealth bought a new stake in shares of NIKE during the 4th quarter worth about $520,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction on 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 completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $80,419,507.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI cut their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays cut their price objective on NIKE from $84.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday. Guggenheim cut their price objective on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $93.00 in a research report on Friday, August 16th. Finally, BMO Capital Markets cut their price objective on NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.04.

NIKE Stock Up 0.2 %

NYSE NKE opened at $82.25 on Friday. The firm has a market cap of $124.14 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The stock’s 50 day simple moving average is $80.90 and its 200 day simple moving average is $86.15. 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 (NYSE:NKE) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. NIKE’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. As a group, sell-side analysts forecast that NIKE, Inc. will post 3.04 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. NIKE’s dividend payout ratio (DPR) is presently 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.