NIKE, Inc. (NYSE:NKE) Shares Bought by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,426 shares of the footwear maker’s stock after purchasing an additional 2,450 shares during the period. MADDEN SECURITIES Corp’s holdings in NIKE were worth $1,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC grew its holdings in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares during the period. True Wealth Design LLC grew its holdings in shares of NIKE by 106.4% in 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 during the period. Core Wealth Advisors Inc. grew its holdings in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after acquiring an additional 241 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of NIKE in the 4th quarter worth approximately $33,000. Finally, Gold Investment Management Ltd. acquired a new stake in shares of NIKE in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 2.1 %

NYSE NKE traded up $1.56 during trading hours on Thursday, hitting $74.18. The company had a trading volume of 8,823,423 shares, compared to its average volume of 11,444,607. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a market capitalization of $111.96 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The firm’s 50 day moving average is $82.15 and its 200 day moving average is $91.90.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. The company 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 revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 3.12 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. NIKE’s dividend payout ratio is presently 39.68%.

Insider Activity

In other news, Chairman Mark G. Parker sold 168,378 shares of the firm’s 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 completion of the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert Holmes Swan purchased 2,941 shares of NIKE stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the transaction, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research reports. Guggenheim lowered their price target on NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reduced their target price on NIKE from $115.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. TD Cowen reduced their target price on NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. UBS Group reaffirmed a “neutral” rating and issued a $78.00 target price on shares of NIKE in a research note on Friday, June 28th. Finally, Telsey Advisory Group reduced their target price on NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Hold” and a consensus price target of $96.30.

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.