619 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Lynx Investment Advisory

Lynx Investment Advisory purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 619 shares of the footwear maker’s stock, valued at approximately $47,000.

A number of other large investors also recently modified their holdings of the company. Annapolis Financial Services LLC raised its stake in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after buying an additional 220 shares in the last quarter. True Wealth Design LLC raised its position in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Core Wealth Advisors Inc. lifted its stake in NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in NIKE in the fourth quarter valued at approximately $33,000. Finally, Gold Investment Management Ltd. purchased a new position in NIKE in the fourth quarter valued at approximately $36,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other NIKE news, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 278,660 shares of company stock worth $23,735,833. 0.50% of the stock is owned by corporate insiders.

NIKE Price Performance

NKE traded up $1.00 during midday trading on Wednesday, reaching $73.50. 4,802,922 shares of the company’s stock were exchanged, compared to its average volume of 11,428,777. The business’s 50-day moving average price is $82.92 and its 200 day moving average price is $92.16. The stock has a market capitalization of $110.94 billion, a PE ratio of 19.84, a P/E/G ratio of 1.92 and a beta of 1.01. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. As a group, equities analysts anticipate that NIKE, Inc. will post 3.12 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s payout ratio is currently 39.68%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore ISI reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Jefferies Financial Group reduced their price target on shares of NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. KeyCorp restated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NIKE from $115.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Wedbush dropped their price target on NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Hold” and an average target price of $96.30.

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.