Transcend Capital Advisors LLC Raises Position in NIKE, Inc. (NYSE:NKE)

Transcend Capital Advisors LLC lifted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 48.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,216 shares of the footwear maker's stock after purchasing an additional 10,118 shares during the quarter. Transcend Capital Advisors LLC's holdings in NIKE were worth $1,982,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Park Place Capital Corp boosted its position in shares of NIKE by 17.3% during the first quarter. Park Place Capital Corp now owns 1,405 shares of the footwear maker's stock valued at $89,000 after buying an additional 207 shares during the period. Beacon Financial Advisory LLC bought a new stake in shares of NIKE during the 1st quarter worth approximately $246,000. Perpetual Ltd lifted its stake in shares of NIKE by 18.7% during the 1st quarter. Perpetual Ltd now owns 16,536 shares of the footwear maker's stock worth $1,050,000 after acquiring an additional 2,603 shares during the last quarter. KG&L Capital Management LLC boosted its holdings in NIKE by 93.7% during the 1st quarter. KG&L Capital Management LLC now owns 9,875 shares of the footwear maker's stock valued at $627,000 after acquiring an additional 4,776 shares during the period. Finally, DLK Investment Management LLC boosted its stake in shares of NIKE by 14.9% during the first quarter. DLK Investment Management LLC now owns 55,334 shares of the footwear maker's stock valued at $3,513,000 after purchasing an additional 7,172 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 15.3%

NIKE stock opened at $72.09 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The company has a market cap of $106.63 billion, a PE ratio of 33.38, a PEG ratio of 2.29 and a beta of 1.21. The business's 50-day simple moving average is $60.63 and its two-hundred day simple moving average is $67.60.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly 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. NIKE had a net margin of 6.95% and a return on equity of 23.00%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the firm posted $0.99 EPS. NIKE's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of research analyst reports. Evercore ISI decreased their price objective on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday. Williams Trading dropped their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Citigroup boosted their price target on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a report on Friday. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.33.

Insider Activity at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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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