NIKE, Inc. $NKE Stake Boosted by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. has increased its holdings in NIKE, Inc. by 4.0%, now owning 521,108 shares worth approximately $37.02 million as of its latest SEC filing.
• NIKE's recent quarterly earnings report highlighted an earnings per share (EPS) of $0.14, which exceeded analyst expectations, despite a 11.9% year-over-year revenue decline.
• The company has declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60, with a yield of 2.2% based on its current stock price.

Ferguson Wellman Capital Management Inc. grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 521,108 shares of the footwear maker's stock after acquiring an additional 20,147 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in NIKE were worth $37,020,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NKE. Stone House Investment Management LLC acquired a new position in shares of NIKE during the first quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the fourth quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of NIKE during the first quarter valued at $30,000. Roxbury Financial LLC boosted its holdings in shares of NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after acquiring an additional 201 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of NIKE during the first quarter valued at $37,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of NIKE from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank Of Canada upgraded shares of NIKE from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $76.00 to $90.00 in a research note on Thursday. HSBC upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective on the stock in a research note on Friday, June 27th. Argus upgraded shares of NIKE to a "buy" rating in a research note on Sunday, July 6th. Finally, Citigroup upgraded shares of NIKE from a "neutral" rating to a "positive" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.04.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business's stock in a transaction dated 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 sale, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company's stock.

NIKE Price Performance

NIKE stock traded down $1.22 during midday trading on Friday, hitting $70.88. The company's stock had a trading volume of 33,397,876 shares, compared to its average volume of 10,678,684. 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 stock's 50-day moving average price is $75.19 and its 200-day moving average price is $67.57. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a market capitalization of $104.68 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24.

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

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.3%. NIKE's payout ratio is 74.07%.

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.