NIKE, Inc. $NKE Shares Purchased by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners LP increased its holdings in NIKE, Inc. by 8.4% in Q2, now owning a total of 82,370 shares valued at approximately $5.85 million.
• In other recent investor activity, Brighton Jones LLC raised its position in NIKE by 388.5% and now holds over 202,000 shares, valued at $15.31 million.
• NIKE has seen mixed analyst ratings, with some upgrading to "buy" while others maintain a "hold" status; the average target price for NKE shares is currently set at $78.89.

Mirador Capital Partners LP raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,370 shares of the footwear maker's stock after purchasing an additional 6,381 shares during the period. NIKE accounts for about 1.0% of Mirador Capital Partners LP's portfolio, making the stock its 25th biggest position. Mirador Capital Partners LP's holdings in NIKE were worth $5,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NKE. Goldman Sachs Group Inc. grew its stake in shares of NIKE by 344.2% during the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock valued at $1,694,842,000 after buying an additional 20,688,013 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker's stock valued at $2,880,971,000 after buying an additional 9,043,180 shares during the last quarter. Jennison Associates LLC bought a new position in shares of NIKE during the first quarter valued at approximately $509,051,000. Nuveen LLC bought a new position in shares of NIKE during the first quarter valued at approximately $502,285,000. Finally, Vanguard Group Inc. grew its stake in shares of NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker's stock valued at $7,182,831,000 after buying an additional 4,957,494 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company's stock.

NIKE Stock Performance

NKE stock traded down $1.22 during midday trading on Friday, reaching $70.88. The stock had a trading volume of 33,397,876 shares, compared to its average volume of 10,678,684. The stock has a market cap of $104.68 billion, a PE ratio of 32.81, a P/E/G ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The firm has a fifty day simple moving average of $75.19 and a two-hundred day simple moving average of $67.50. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DZ Bank cut NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price on the stock. in a research note on Thursday, July 10th. Barclays increased their price objective on NIKE from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday. UBS Group set a $71.00 price objective on NIKE and gave the stock a "neutral" rating in a research note on Friday. Needham & Company LLC increased their price objective on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group increased their price objective on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $79.04.

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.