D.A. Davidson & CO. Purchases 15,258 Shares of NIKE, Inc. $NKE

D.A. Davidson & CO. increased its position in shares of NIKE, Inc. (NYSE:NKE) by 10.6% during the 3rd quarter, Holdings Channel reports. The firm owned 158,859 shares of the footwear maker’s stock after acquiring an additional 15,258 shares during the period. D.A. Davidson & CO.’s holdings in NIKE were worth $11,077,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NIKE by 25.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 285,137 shares of the footwear maker’s stock valued at $18,100,000 after buying an additional 57,960 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of NIKE by 2.9% during the first quarter. UniSuper Management Pty Ltd now owns 167,525 shares of the footwear maker’s stock valued at $10,634,000 after buying an additional 4,700 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of NIKE by 2.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 53,131 shares of the footwear maker’s stock worth $3,394,000 after buying an additional 1,514 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of NIKE in the first quarter worth $311,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares of the company’s stock, valued at $41,965,452. This trade represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy D. Cook bought 50,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were acquired at an average price of $58.97 per share, with a total value of $2,948,500.00. Following the transaction, the director directly owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 91,229 shares of company stock valued at $5,452,640. Insiders own 0.80% of the company’s stock.

NIKE Trading Up 2.0%

NKE opened at $64.53 on Tuesday. The stock has a 50-day moving average of $63.51 and a 200 day moving average of $69.45. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The firm has a market cap of $95.38 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.72 and a beta of 1.28.

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

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders 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 a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.5%. NIKE’s payout ratio is presently 96.47%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Sanford C. Bernstein set a $85.00 price target on shares of NIKE and gave the company an “outperform” rating in a report on Friday, December 19th. Williams Trading dropped their price objective on shares of NIKE from $100.00 to $80.00 and set a “buy” rating for the company in a report on Friday, December 19th. Stifel Nicolaus set a $65.00 target price on NIKE and gave the stock a “hold” rating in a report on Friday, December 19th. Bank of America decreased their target price 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, Royal Bank Of Canada reissued an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.84.

About NIKE

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).