Mercer Global Advisors Inc. ADV Purchases 4,790 Shares of NIKE, Inc. (NYSE:NKE)

Mercer Global Advisors Inc. ADV boosted its position in NIKE, Inc. (NYSE:NKE) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 376,060 shares of the footwear maker’s stock after acquiring an additional 4,790 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in NIKE were worth $28,344,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cim LLC bought a new stake in shares of NIKE during the 4th quarter valued at about $14,275,000. TKG Advisors LLC bought a new stake in shares of NIKE during the 4th quarter valued at about $1,012,000. Spartan Planning & Wealth Management bought a new stake in shares of NIKE during the 4th quarter valued at about $182,000. Edmond DE Rothschild Holding S.A. boosted 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 valued at $12,301,000 after purchasing an additional 24,686 shares in the last quarter. Finally, 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 valued at $1,970,000 after purchasing an additional 9,689 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $80.94 on Thursday. The firm has a market capitalization of $122.17 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39. The firm has a 50 day moving average of $77.69 and a 200 day moving average of $87.28. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.86 billion. During the same period in the previous year, the firm posted $0.66 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts anticipate that NIKE, Inc. will post 3.06 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s payout ratio is 39.68%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NKE. Telsey Advisory Group cut their target price on shares of NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Bank of America lowered their price target on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, June 28th. UBS Group reissued a “neutral” rating and set a $78.00 price target on shares of NIKE in a research report on Friday, June 28th. Barclays lifted their price target on shares of NIKE from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Evercore ISI lowered their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Fifteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.74.

Insider Activity

In other NIKE news, Director Robert Holmes Swan bought 2,941 shares of the company’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at $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, Director Robert Holmes Swan acquired 2,941 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the company’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 completion of the transaction, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

NIKE 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.