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Wealth Alliance LLC Has $451,000 Stock Position in NIKE, Inc. (NYSE:NKE)

NIKE logo with Consumer Discretionary background

Wealth Alliance LLC grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 141.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,110 shares of the footwear maker's stock after buying an additional 4,162 shares during the period. Wealth Alliance LLC's holdings in NIKE were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NKE. Heck Capital Advisors LLC acquired a new position in NIKE in the 4th quarter worth $28,000. EnRich Financial Partners LLC boosted its stake in NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after purchasing an additional 273 shares during the period. Roxbury Financial LLC boosted its stake in NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after purchasing an additional 201 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in NIKE by 95.1% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after purchasing an additional 250 shares during the period. Finally, Putney Financial Group LLC acquired a new position in NIKE in the 4th quarter worth $40,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

NIKE Stock Performance

Shares of NYSE:NKE opened at $74.07 on Tuesday. The company's 50 day moving average price is $65.49 and its two-hundred day moving average price is $67.17. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The firm has a market cap of $109.56 billion, a PE ratio of 34.29, a PEG ratio of 2.66 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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 the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. NIKE's dividend payout ratio is 74.07%.

Wall Street Analyst Weigh In

Several brokerages have commented on NKE. Stifel Nicolaus cut their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley boosted their price target on shares of NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Needham & Company LLC boosted their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. boosted their price target on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Finally, Hsbc Global Res raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $77.15.

Get Our Latest Report on NKE

NIKE Profile

(Free Report)

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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Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE - Free Report).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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