Rothschild Investment LLC Takes Position in NIKE, Inc. (NYSE:NKE)

Rothschild Investment LLC purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,840 shares of the footwear maker’s stock, valued at approximately $1,118,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Norges Bank bought a new stake in shares of NIKE during the fourth quarter valued at about $1,315,097,000. Price T Rowe Associates Inc. MD increased its position in shares of NIKE by 87.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after purchasing an additional 7,996,434 shares during the last quarter. Capital International Investors increased its position in shares of NIKE by 34.9% in the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after purchasing an additional 7,143,775 shares during the last quarter. Longview Partners Guernsey LTD bought a new position in shares of NIKE in the first quarter worth approximately $533,533,000. Finally, Capital World Investors increased its position in shares of NIKE by 612.2% in the first quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker’s stock worth $487,327,000 after purchasing an additional 4,457,376 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In other NIKE news, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan bought 2,941 shares of the company’s stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.1 %

Shares of NYSE:NKE traded up $0.06 on Friday, hitting $83.32. 13,755,265 shares of the company traded hands, compared to its average volume of 11,453,677. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $77.91 and a 200-day simple moving average of $89.60. The company has a market cap of $125.76 billion, a PE ratio of 22.34, a PEG ratio of 1.92 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same period last year, the company earned $0.66 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. NIKE’s payout ratio is presently 39.68%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. KeyCorp restated a “sector weight” rating on shares of NIKE in a research report on Friday, June 28th. BMO Capital Markets cut their target price on NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. UBS Group reaffirmed a “neutral” rating and issued a $78.00 target price on shares of NIKE in a research note on Friday, June 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $83.00 target price (down previously from $116.00) on shares of NIKE in a research note on Friday, June 28th. Finally, StockNews.com lowered NIKE from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.59.

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.