TD Waterhouse Canada Inc. Decreases Position in NIKE, Inc. $NKE

TD Waterhouse Canada Inc. trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,953 shares of the footwear maker’s stock after selling 27,948 shares during the period. TD Waterhouse Canada Inc.’s holdings in NIKE were worth $22,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of NIKE in the first quarter worth $311,000. Janney Montgomery Scott LLC raised its holdings in NIKE by 10.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 154,890 shares of the footwear maker’s stock valued at $11,003,000 after buying an additional 14,126 shares during the last quarter. HB Wealth Management LLC boosted its position in NIKE by 0.3% during the 2nd quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after buying an additional 147 shares during the period. Finally, Union Bancaire Privee UBP SA boosted its position in NIKE by 158.6% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 750 shares of the footwear maker’s stock valued at $53,000 after buying an additional 460 shares during the period. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling at NIKE

In related news, CEO Elliott Hill purchased 16,388 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the purchase, the director directly owned 21,388 shares in the company, valued at $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 91,229 shares of company stock valued at $5,452,640 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

NIKE Trading Up 0.6%

NYSE NKE opened at $62.59 on Friday. The firm has a market capitalization of $92.66 billion, a PE ratio of 36.82, a P/E/G ratio of 3.24 and a beta of 1.28. The stock’s 50 day moving average is $63.98 and its 200 day moving average is $68.77. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating the consensus estimate of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.6%. NIKE’s payout ratio is presently 96.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NKE shares. Citigroup restated a “neutral” rating and issued a $65.00 price objective (down previously from $70.00) on shares of NIKE in a research report on Friday, December 19th. Wells Fargo & Company set a $65.00 price target on NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research report on Wednesday, January 21st. Bank of America cut their price objective on NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Finally, BTIG Research restated a “buy” rating and set a $100.00 target price on shares of NIKE in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.65.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).