B.O.S.S. Retirement Advisors LLC Purchases 2,730 Shares of NIKE, Inc. (NYSE:NKE)

B.O.S.S. Retirement Advisors LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,864 shares of the footwear maker’s stock after purchasing an additional 2,730 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in NIKE were worth $3,436,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in NIKE by 86.0% during the 1st quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after purchasing an additional 9,689 shares in the last quarter. FORA Capital LLC acquired a new position in NIKE during the 1st quarter worth approximately $3,412,000. Cetera Advisors LLC increased its position in NIKE by 85.5% during the 1st quarter. Cetera Advisors LLC now owns 88,299 shares of the footwear maker’s stock worth $8,298,000 after purchasing an additional 40,704 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in NIKE during the 1st quarter worth approximately $713,000. Finally, New Mexico Educational Retirement Board increased its position in NIKE by 15.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 74,248 shares of the footwear maker’s stock worth $6,978,000 after purchasing an additional 10,100 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Up 2.2 %

NIKE stock opened at $83.94 on Thursday. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market capitalization of $126.70 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02. The firm’s fifty day moving average price is $82.28 and its two-hundred day moving average price is $85.40. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. During the same period last year, the firm earned $0.94 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. On average, equities research analysts predict that NIKE, Inc. will post 2.8 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Tuesday, September 3rd. NIKE’s payout ratio is currently 39.68%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NKE. Sanford C. Bernstein decreased their price target on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a research report on Thursday, September 19th. Evercore ISI decreased their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Guggenheim decreased their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of NIKE from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, Morgan Stanley upped their price target on shares of NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

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.