Integrated Investment Consultants LLC Takes $292,000 Position in NIKE, Inc. $NKE

Key Points

• Integrated Investment Consultants LLC acquired a new stake in NIKE, Inc. valued at approximately $292,000 during the first quarter, totaling 4,596 shares.
• NIKE's Chairman, Mark G. Parker, sold 86,078 shares on August 14th, decreasing his position by 10.36%.
• NIKE recently declared a quarterly dividend of $0.40 per share, representing an annual yield of 2.1% and a payout ratio of 74.07%.

Integrated Investment Consultants LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,596 shares of the footwear maker's stock, valued at approximately $292,000.

A number of other large investors have also recently made changes to their positions in the stock. Channing Capital Management LLC grew its holdings in shares of NIKE by 12.8% during the first quarter. Channing Capital Management LLC now owns 106,673 shares of the footwear maker's stock valued at $6,772,000 after buying an additional 12,065 shares during the last quarter. CW Advisors LLC grew its holdings in shares of NIKE by 220.5% during the first quarter. CW Advisors LLC now owns 19,298 shares of the footwear maker's stock valued at $1,249,000 after buying an additional 13,276 shares during the last quarter. Summit Financial LLC grew its holdings in shares of NIKE by 26.7% during the first quarter. Summit Financial LLC now owns 16,931 shares of the footwear maker's stock valued at $1,075,000 after buying an additional 3,570 shares during the last quarter. United Asset Strategies Inc. lifted its position in NIKE by 23.1% during the first quarter. United Asset Strategies Inc. now owns 17,846 shares of the footwear maker's stock valued at $1,133,000 after purchasing an additional 3,348 shares during the period. Finally, Sandhill Capital Partners LLC lifted its position in NIKE by 7.0% during the first quarter. Sandhill Capital Partners LLC now owns 57,099 shares of the footwear maker's stock valued at $3,625,000 after purchasing an additional 3,746 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the 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 owned 744,988 shares of the company's stock, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 0.9%

Shares of NIKE stock opened at $76.1760 on Thursday. The firm has a 50-day simple moving average of $71.88 and a two-hundred day simple moving average of $67.69. The company has a market cap of $112.50 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.27. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter in the prior year, the company earned $0.99 EPS. NIKE's revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. NIKE's dividend payout ratio is 74.07%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Argus upgraded shares of NIKE to a "buy" rating in a research report on Sunday, July 6th. Evercore ISI decreased their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. upgraded shares of NIKE from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $64.00 to $93.00 in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus price target of $78.22.

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.

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