Mather Group LLC. Grows Stock Position in NIKE, Inc. (NYSE:NKE)

Mather Group LLC. boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 101.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,361 shares of the footwear maker’s stock after acquiring an additional 12,770 shares during the quarter. Mather Group LLC.’s holdings in NIKE were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Annapolis Financial Services LLC increased its stake in shares of NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after buying an additional 220 shares during the period. True Wealth Design LLC raised its stake in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $33,000. Core Wealth Advisors Inc. grew its stake in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new position in NIKE during the 4th quarter valued at about $36,000. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. Insiders have sold a total of 278,660 shares of company stock worth $23,735,833 in the last three months. Insiders own 0.50% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock traded up $1.08 during trading on Tuesday, reaching $72.50. 13,454,024 shares of the stock traded hands, compared to its average volume of 11,474,616. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The company has a market capitalization of $109.43 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.92 and a beta of 1.01. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The business has a fifty day simple moving average of $83.31 and a two-hundred day simple moving average of $92.37.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts expect that NIKE, Inc. will post 3.12 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.04%. NIKE’s payout ratio is currently 39.68%.

Analyst Ratings Changes

NKE has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, June 28th. HSBC dropped their price target on NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, June 28th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $83.00 price objective (down from $116.00) on shares of NIKE in a report on Friday, June 28th. Bank of America cut their target price on shares of NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, Wells Fargo & Company decreased their price target on shares of NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of “Hold” and a consensus price target of $96.30.

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.