Pure Financial Advisors LLC Buys Shares of 4,996 NIKE, Inc. $NKE

Pure Financial Advisors LLC bought a new stake in NIKE, Inc. (NYSE:NKE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,996 shares of the footwear maker’s stock, valued at approximately $355,000.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in NIKE in the 1st quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC grew its position in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares in the last quarter. Matrix Trust Co grew its position in NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. Saudi Central Bank acquired a new position in shares of NIKE during the first quarter worth about $30,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of NIKE during the second quarter worth about $35,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NKE opened at $72.01 on Friday. The stock has a 50 day moving average price of $74.62 and a 200 day moving average price of $67.31. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $106.34 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.29. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $84.76.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. Research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. NIKE’s payout ratio is currently 82.05%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Hsbc Global Res raised NIKE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Royal Bank Of Canada raised NIKE from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $76.00 to $90.00 in a research report on Thursday, September 18th. Argus raised NIKE to a “buy” rating in a research report on Sunday, July 6th. Finally, Barclays set a $70.00 price objective on NIKE and gave the stock a “positive” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.57.

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.