Sather Financial Group Inc Raises Stock Holdings in NIKE, Inc. $NKE

Key Points

• Sather Financial Group Inc increased its holdings in NIKE, Inc. by 11.3%, acquiring an additional 67,726 shares, bringing their total ownership to 669,461 shares valued at approximately $47.56 million.
• NIKE recently reported earnings per share of $0.49, exceeding analyst expectations of $0.27, with quarterly revenue reaching $11.72 billion against a forecast of $10.96 billion.
• The company announced a quarterly dividend of $0.40 per share, yielding 2.5%, with a dividend payout ratio of 82.05% as of the latest filing.

Sather Financial Group Inc boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 669,461 shares of the footwear maker's stock after purchasing an additional 67,726 shares during the quarter. NIKE makes up 2.8% of Sather Financial Group Inc's holdings, making the stock its 18th largest position. Sather Financial Group Inc's holdings in NIKE were worth $47,559,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NKE. Spire Wealth Management lifted its position in shares of NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after acquiring an additional 416 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker's stock valued at $69,932,000 after acquiring an additional 5,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of NIKE in the first quarter valued at approximately $25,963,000. BROOKFIELD Corp ON lifted its position in shares of NIKE by 36.2% in the first quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker's stock valued at $41,808,000 after acquiring an additional 175,000 shares in the last quarter. Finally, Cadence Bank lifted its position in shares of NIKE by 10.0% in the first quarter. Cadence Bank now owns 83,002 shares of the footwear maker's stock valued at $5,269,000 after acquiring an additional 7,574 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NYSE:NKE opened at $65.25 on Friday. NIKE, Inc. has a one year low of $52.28 and a one year high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The stock has a market cap of $96.45 billion, a PE ratio of 33.46, a P/E/G ratio of 2.38 and a beta of 1.29. The stock has a 50 day moving average price of $73.80 and a 200 day moving average price of $67.29.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The company had revenue of $11.72 billion during the quarter, compared to analysts' expectations of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.5%. NIKE's dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group set a $71.00 target price on NIKE and gave the company a "neutral" rating in a research report on Friday, September 19th. Sanford C. Bernstein restated a "buy" rating and issued a $90.00 target price on shares of NIKE in a research report on Wednesday, October 1st. KeyCorp set a $90.00 target price on NIKE and gave the company an "overweight" rating in a research report on Thursday, October 2nd. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the company a "buy" rating in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price target on NIKE from $93.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.57.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares of the company's stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was 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 of the company's stock, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,378 shares of company stock valued at $14,794,264. 0.80% of the stock is owned by insiders.

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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