3,745 Shares in NIKE, Inc. $NKE Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC acquired 3,745 shares of NIKE, Inc. valued at approximately $238,000, marking a new position in the company.
• Chairman Mark G. Parker sold 86,078 shares, representing a 10.36% decrease in his ownership, while still owning 744,988 shares valued at over $56 million.
• NIKE recently announced a quarterly dividend of $0.40 per share, set to be paid on October 1st, with a dividend yield of 2.2%.

Integrity Alliance LLC. acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,745 shares of the footwear maker's stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of NIKE by 10.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after acquiring an additional 17,888 shares during the period. Triumph Capital Management purchased a new position in shares of NIKE during the fourth quarter worth approximately $215,000. Quantinno Capital Management LP increased its position in shares of NIKE by 21.2% during the fourth quarter. Quantinno Capital Management LP now owns 57,453 shares of the footwear maker's stock worth $4,348,000 after acquiring an additional 10,031 shares during the period. Finally, Quadcap Wealth Management LLC purchased a new position in shares of NIKE during the fourth quarter worth approximately $205,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

NIKE Price Performance

Shares of NKE opened at $73.12 on Friday. The company has a market cap of $107.98 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $75.40 and a two-hundred day moving average of $67.72.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. NIKE's revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. NIKE's dividend payout ratio (DPR) is 74.07%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research reports. Barclays raised their target price on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Royal Bank Of Canada reduced their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Wall Street Zen raised shares of NIKE from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th. Hsbc Global Res raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Argus upgraded shares of NIKE to a "buy" rating in a research note on Sunday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average price target of $78.67.

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.

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