Teamwork Financial Advisors LLC Invests $1.31 Million in NIKE, Inc. (NYSE:NKE)

Teamwork Financial Advisors LLC bought a new stake in NIKE, Inc. (NYSE:NKE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,867 shares of the footwear maker’s stock, valued at approximately $1,314,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Annapolis Financial Services LLC lifted its stake in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in NIKE by 97.6% in the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 200 shares during the period. VitalStone Financial LLC grew its position in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of NIKE by 272.5% during the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 376 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of NIKE during the second quarter worth $44,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reduced their price target on NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. StockNews.com downgraded NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Robert W. Baird upped their target price on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus decreased their price target on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $96.56.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

NIKE Trading Down 0.6 %

Shares of NKE stock opened at $83.41 on Friday. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The firm has a market capitalization of $125.90 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02. The stock has a fifty day moving average of $82.46 and a two-hundred day moving average of $85.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, research analysts expect that NIKE, Inc. will post 2.8 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. NIKE’s dividend payout ratio is presently 39.68%.

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.