Roundview Capital LLC Has $5.66 Million Stake in NIKE, Inc. $NKE

Key Points

• Roundview Capital LLC increased its stake in NIKE, Inc. by 58.7% during the second quarter, now holding 79,723 shares valued at approximately $5.66 million.
• NIKE surpassed analysts' expectations by reporting an EPS of $0.49 for the quarter, along with a revenue of $11.72 billion, which is an increase of 1% year-over-year.
• The company announced a $0.40 quarterly dividend, equating to an annual dividend yield of 2.2%, with a dividend payout ratio of 82.05%.

Roundview Capital LLC grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 58.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,723 shares of the footwear maker's stock after purchasing an additional 29,495 shares during the period. Roundview Capital LLC's holdings in NIKE were worth $5,664,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Caldwell Sutter Capital Inc. boosted its position in NIKE by 6.3% during the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker's stock worth $170,000 after purchasing an additional 142 shares during the period. Westmount Partners LLC boosted its position in NIKE by 2.9% during the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker's stock worth $367,000 after purchasing an additional 146 shares during the period. HB Wealth Management LLC boosted its position in NIKE by 0.3% during the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker's stock worth $3,695,000 after purchasing an additional 147 shares during the period. Matrix Trust Co boosted its position in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock worth $31,000 after purchasing an additional 153 shares during the period. Finally, Summit Financial Strategies Inc. boosted its position in NIKE by 3.8% during the second quarter. Summit Financial Strategies Inc. now owns 4,270 shares of the footwear maker's stock worth $303,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $71.25 on Tuesday. The business has a fifty day simple moving average of $74.46 and a 200 day simple moving average of $67.26. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $105.23 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.64 and a beta of 1.29. NIKE, Inc. has a one year low of $52.28 and a one year high of $84.76.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE's dividend payout ratio is presently 82.05%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NKE. TD Cowen upgraded NIKE from a "hold" rating to a "buy" rating and upped their price target for the stock from $62.00 to $85.00 in a report on Wednesday, September 10th. KeyCorp set a $90.00 price target on NIKE and gave the stock an "overweight" rating in a report on Thursday. Evercore ISI cut their price target on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Zacks Research upgraded NIKE from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein reiterated a "buy" rating and set a $90.00 price target on shares of NIKE in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and an average price target of $81.57.

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.

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