Vista Capital Partners Inc. Acquires 4,400 Shares of NIKE, Inc. (NYSE:NKE)

Vista Capital Partners Inc. increased its stake in NIKE, Inc. (NYSE:NKE) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,646 shares of the footwear maker’s stock after acquiring an additional 4,400 shares during the quarter. NIKE accounts for approximately 0.2% of Vista Capital Partners Inc.’s portfolio, making the stock its 23rd largest position. Vista Capital Partners Inc.’s holdings in NIKE were worth $1,481,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. boosted its holdings in NIKE by 5.1% in the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock worth $842,000 after acquiring an additional 543 shares in the last quarter. Prosperity Consulting Group LLC grew its position in NIKE by 12.9% in the 2nd quarter. Prosperity Consulting Group LLC now owns 3,309 shares of the footwear maker’s stock valued at $249,000 after purchasing an additional 379 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in NIKE by 4.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 260,523 shares of the footwear maker’s stock worth $19,636,000 after buying an additional 11,199 shares during the last quarter. Leelyn Smith LLC lifted its stake in shares of NIKE by 6.8% in the second quarter. Leelyn Smith LLC now owns 34,085 shares of the footwear maker’s stock valued at $2,569,000 after buying an additional 2,158 shares in the last quarter. Finally, Stoneridge Investment Partners LLC grew its holdings in shares of NIKE by 11.1% during the second quarter. Stoneridge Investment Partners LLC now owns 54,280 shares of the footwear maker’s stock valued at $4,091,000 after buying an additional 5,409 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup lowered 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. Oppenheimer reaffirmed an “outperform” rating and set a $120.00 target price on shares of NIKE in a research report on Friday, June 28th. Daiwa America lowered NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company dropped their price objective on NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. Finally, KeyCorp reiterated a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Fifteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $95.59.

NIKE Price Performance

Shares of NYSE:NKE opened at $79.01 on Friday. The firm has a market capitalization of $118.46 billion, a PE ratio of 21.18, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $77.23 and a two-hundred day moving average price of $87.76. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same period last year, the firm earned $0.66 EPS. NIKE’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 3.06 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the completion of the acquisition, the director now owns 20,946 shares in the company, valued at approximately $1,613,260.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

NIKE Company 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.