Vanguard Personalized Indexing Management LLC Has $8.01 Million Stock Holdings in NIKE, Inc. $NKE

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in NIKE, Inc. by 17.2%, bringing its total shares to 112,663, valued at approximately $8.01 million.
• Insider sales included Treasure Heinle selling 4,300 shares, resulting in a 12.76% decrease in their ownership, while Chairman Mark G. Parker sold 110,000 shares, reducing his stake by 11.55%.
• NIKE's latest earnings report showed earnings per share of $0.49, exceeding analyst estimates of $0.27, with revenues reaching $11.72 billion.

Vanguard Personalized Indexing Management LLC increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,663 shares of the footwear maker's stock after buying an additional 16,556 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in NIKE were worth $8,005,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NKE. Stone House Investment Management LLC acquired a new stake in shares of NIKE in the 1st quarter valued at about $25,000. Mascoma Wealth Management LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC grew its stake in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock valued at $28,000 after buying an additional 362 shares during the period. Saudi Central Bank acquired a new stake in shares of NIKE in the 1st quarter valued at about $30,000. Finally, Matrix Trust Co grew its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock valued at $31,000 after buying an additional 153 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NIKE

In related news, EVP Treasure Heinle sold 4,300 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,378 shares of company stock worth $14,794,264. 0.80% of the stock is owned by company insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $65.25 on Monday. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $84.76. The stock's 50 day moving average price is $73.80 and its 200-day moving average price is $67.30. The company has a market capitalization of $96.45 billion, a PE ratio of 33.46, a PEG ratio of 2.38 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.5%. NIKE's dividend payout ratio is presently 82.05%.

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen upgraded NIKE from a "sell" rating to a "hold" rating in a research note on Saturday, September 6th. Barclays set a $70.00 price target on NIKE and gave the company a "positive" rating in a research note on Wednesday, October 1st. Jefferies Financial Group reiterated a "buy" rating and set a $115.00 price target on shares of NIKE in a research note on Monday, September 29th. Finally, The Goldman Sachs Group set a $85.00 price target on NIKE and gave the company a "buy" rating in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $81.57.

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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