Evermay Wealth Management LLC Purchases 152 Shares of NIKE, Inc. (NYSE:NKE)

Evermay Wealth Management LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,595 shares of the footwear maker’s stock after purchasing an additional 152 shares during the quarter. Evermay Wealth Management LLC’s holdings in NIKE were worth $245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Advisor Resource Council bought a new stake in NIKE during the fourth quarter valued at approximately $283,000. Raymond James & Associates lifted its holdings in shares of NIKE by 8.5% during the 4th quarter. Raymond James & Associates now owns 1,636,839 shares of the footwear maker’s stock worth $177,712,000 after acquiring an additional 128,430 shares during the last quarter. CVA Family Office LLC purchased a new position in NIKE in the fourth quarter worth $301,000. Kingswood Wealth Advisors LLC increased its stake in NIKE by 631.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 15,903 shares of the footwear maker’s stock valued at $1,727,000 after acquiring an additional 13,728 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in NIKE by 30.7% during the fourth quarter. Tributary Capital Management LLC now owns 5,105 shares of the footwear maker’s stock valued at $554,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $79.00 price objective (down from $114.00) on shares of NIKE in a research report on Friday, June 28th. Evercore ISI reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. BMO Capital Markets lowered their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, June 28th. Citigroup reduced their target price on shares of NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, StockNews.com downgraded shares of NIKE from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.30.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. 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 NIKE stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 323,660 shares of company stock valued at $27,973,033. 0.50% of the stock is currently owned by company insiders.

NIKE Trading Up 0.5 %

Shares of NYSE NKE traded up $0.34 during midday trading on Thursday, hitting $71.43. 13,849,987 shares of the company traded hands, compared to its average volume of 11,484,656. NIKE, Inc. has a 12-month low of $70.91 and a 12-month high of $123.39. The firm has a market cap of $107.81 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.91 and a beta of 1.01. The stock has a 50-day moving average price of $85.90 and a 200 day moving average price of $93.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same period in the previous year, the firm posted $0.66 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 2.07%. NIKE’s payout ratio is 39.68%.

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.