Flagship Harbor Advisors LLC Acquires 1,935 Shares of NIKE, Inc. (NYSE:NKE)

Flagship Harbor Advisors LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 17.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,040 shares of the footwear maker’s stock after purchasing an additional 1,935 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in NIKE were worth $1,439,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. America First Investment Advisors LLC bought a new position in shares of NIKE during the first quarter valued at $27,000. Tucker Asset Management LLC bought a new stake in NIKE during the 1st quarter valued at about $29,000. Financial Freedom LLC purchased a new position in NIKE in the fourth quarter worth about $29,000. Ruedi Wealth Management Inc. bought a new position in shares of NIKE in the fourth quarter worth approximately $30,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of NIKE during the first quarter valued at approximately $35,000. 63.42% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 1.0 %

NKE opened at $96.26 on Monday. The company has a market capitalization of $147.28 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The firm has a 50-day simple moving average of $104.70 and a two-hundred day simple moving average of $112.67. The company has a quick ratio of 1.81, a current ratio of 2.72 and a debt-to-equity ratio of 0.64. NIKE, Inc. has a 52 week low of $82.22 and a 52 week high of $131.31.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). NIKE had a net margin of 9.90% and a return on equity of 34.01%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the previous year, the company posted $0.90 earnings per share. NIKE’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 3.71 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, September 1st. NIKE’s dividend payout ratio is presently 42.11%.

Insider Buying and Selling at NIKE

In other news, VP Johanna Nielsen sold 1,706 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $182,542.00. Following the sale, the vice president now directly owns 954 shares in the company, valued at approximately $102,078. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Johanna Nielsen sold 1,706 shares of NIKE stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total value of $182,542.00. Following the completion of the transaction, the vice president now owns 954 shares in the company, valued at approximately $102,078. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Friend sold 5,545 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $593,315.00. Following the sale, the chief financial officer now owns 42,119 shares in the company, valued at approximately $4,506,733. The disclosure for this sale can be found here. Insiders sold 157,251 shares of company stock worth $17,063,257 over the last 90 days. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NKE. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of NIKE in a research report on Friday, June 30th. VNET Group reissued a “maintains” rating on shares of NIKE in a research report on Friday, June 30th. BNP Paribas cut shares of NIKE from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 25th. Wells Fargo & Company dropped their target price on shares of NIKE from $130.00 to $120.00 in a report on Monday. Finally, TheStreet cut NIKE from a “b-” rating to a “c+” rating in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.07.

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.