NIKE, Inc. (NYSE:NKE) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 28.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,112 shares of the footwear maker’s stock after purchasing an additional 21,259 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in NIKE were worth $7,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GM Advisory Group LLC lifted its position in NIKE by 3.2% in the second quarter. GM Advisory Group LLC now owns 8,638 shares of the footwear maker’s stock valued at $651,000 after purchasing an additional 267 shares during the period. Brighton Jones LLC raised its stake in shares of NIKE by 10.0% during the 2nd quarter. Brighton Jones LLC now owns 223,044 shares of the footwear maker’s stock worth $16,811,000 after buying an additional 20,353 shares in the last quarter. Marathon Trading Investment Management LLC lifted its holdings in shares of NIKE by 20.6% in the 2nd quarter. Marathon Trading Investment Management LLC now owns 4,100 shares of the footwear maker’s stock valued at $309,000 after buying an additional 700 shares during the period. Seven Eight Capital LP boosted its stake in shares of NIKE by 999.3% in the second quarter. Seven Eight Capital LP now owns 71,542 shares of the footwear maker’s stock valued at $5,392,000 after buying an additional 65,034 shares in the last quarter. Finally, CCLA Investment Management grew its holdings in NIKE by 1.1% during the second quarter. CCLA Investment Management now owns 950,071 shares of the footwear maker’s stock worth $71,607,000 after acquiring an additional 10,332 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Performance

NIKE stock opened at $86.55 on Friday. The stock has a fifty day moving average price of $78.11 and a 200 day moving average price of $87.14. 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, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The firm has a market capitalization of $130.64 billion, a P/E ratio of 23.20, a PEG ratio of 2.08 and a beta of 1.02.

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

NIKE Announces Dividend

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

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction 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 transaction, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on 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 transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction 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 sale, 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.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent analyst reports. Guggenheim reduced their target price on NIKE from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, June 28th. Raymond James reiterated a “market perform” rating on shares of NIKE in a research note on Friday, June 28th. StockNews.com cut shares of NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Citigroup decreased their price target on NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, Truist Financial upped their price target on NIKE from $81.00 to $85.00 and gave the stock a “hold” rating in a report on Friday. Fifteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

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.