NIKE, Inc. (NYSE:NKE) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,162 shares of the footwear maker’s stock after buying an additional 759 shares during the period. Ellsworth Advisors LLC’s holdings in NIKE were worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NKE. Annapolis Financial Services LLC raised its stake 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 valued at $25,000 after purchasing an additional 220 shares in the last quarter. Transcendent Capital Group LLC raised its stake in NIKE by 97.6% during the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. VitalStone Financial LLC lifted its holdings in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of NIKE by 272.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after acquiring an additional 376 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of NIKE in the 2nd quarter valued at approximately $44,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the business’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 sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

NIKE Stock Performance

Shares of NKE opened at $83.41 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm’s 50 day moving average is $82.46 and its 200-day moving average is $85.38. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39. The stock has a market capitalization of $125.90 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.96 and a beta of 1.02.

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

NIKE Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NKE. Oppenheimer restated an “outperform” rating and set a $120.00 price objective on shares of NIKE in a research note on Friday, June 28th. Jefferies Financial Group lifted their price target on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, September 30th. Morgan Stanley increased their price objective on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Guggenheim decreased their target price on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Finally, TD Cowen upped their target price on NIKE from $71.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

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.