Ameritas Investment Partners Inc. Has $1.82 Million Stake in NIKE, Inc. (NYSE:NKE)

Ameritas Investment Partners Inc. lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,109 shares of the footwear maker’s stock after selling 400 shares during the period. Ameritas Investment Partners Inc.’s holdings in NIKE were worth $1,817,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. 9258 Wealth Management LLC grew its holdings in shares of NIKE by 23.9% during the 4th quarter. 9258 Wealth Management LLC now owns 4,366 shares of the footwear maker’s stock worth $474,000 after purchasing an additional 842 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in NIKE by 34.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock worth $1,259,000 after buying an additional 2,981 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in NIKE by 0.8% in the 4th quarter. TrinityPoint Wealth LLC now owns 21,561 shares of the footwear maker’s stock valued at $2,341,000 after buying an additional 166 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of NIKE by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 126,803 shares of the footwear maker’s stock valued at $13,767,000 after buying an additional 7,769 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in shares of NIKE by 192.9% during the 4th quarter. SageView Advisory Group LLC now owns 9,496 shares of the footwear maker’s stock worth $989,000 after acquiring an additional 6,254 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 6.8 %

Shares of NKE opened at $86.52 on Monday. The business has a 50-day moving average of $78.11 and a 200 day moving average of $86.99. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The firm has a market cap of $130.59 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. 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 (NYSE:NKE) last announced 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. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. As a group, research analysts forecast that NIKE, Inc. will post 3.06 EPS for the current year.

NIKE Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on NKE shares. Morgan Stanley restated an “equal weight” rating and set a $79.00 price objective on shares of NIKE in a research report on Friday. TD Cowen dropped their price objective on NIKE from $75.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. BMO Capital Markets reduced their price objective on NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Raymond James reissued a “market perform” rating on shares of NIKE in a research note on Friday, June 28th. Finally, Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and raised their price target for the company from $67.00 to $93.00 in a research note on Friday, August 16th. Fifteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.15.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. In related 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 owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.