Wintrust Investments LLC grew its position in Nike Inc (NYSE:NKE) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,707 shares of the footwear maker’s stock after buying an additional 2,152 shares during the period. Wintrust Investments LLC’s holdings in Nike were worth $1,067,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Trustcore Financial Services LLC lifted its holdings in shares of Nike by 2.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 4,261 shares of the footwear maker’s stock worth $358,000 after acquiring an additional 120 shares during the last quarter. Merriman Wealth Management LLC lifted its holdings in shares of Nike by 1.0% in the 2nd quarter. Merriman Wealth Management LLC now owns 12,337 shares of the footwear maker’s stock worth $1,054,000 after acquiring an additional 126 shares during the last quarter. Midwest Professional Planners LTD. lifted its holdings in shares of Nike by 1.0% in the 1st quarter. Midwest Professional Planners LTD. now owns 12,794 shares of the footwear maker’s stock worth $1,077,000 after acquiring an additional 127 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Nike by 45.4% in the 1st quarter. Arcadia Investment Management Corp MI now owns 410 shares of the footwear maker’s stock worth $35,000 after acquiring an additional 128 shares during the last quarter. Finally, First Personal Financial Services lifted its holdings in shares of Nike by 14.9% in the 2nd quarter. First Personal Financial Services now owns 992 shares of the footwear maker’s stock worth $83,000 after acquiring an additional 129 shares during the last quarter. 66.41% of the stock is owned by institutional investors and hedge funds.

In other news, EVP John F. Slusher sold 110,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $85.26, for a total value of $9,378,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elliott Hill sold 3,228 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.07, for a total transaction of $281,061.96. The disclosure for this sale can be found here. Insiders sold a total of 194,637 shares of company stock worth $16,767,237 over the last 90 days. Company insiders own 3.80% of the company’s stock.

NKE has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Nike from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a report on Monday, May 27th. JPMorgan Chase & Co. upped their price objective on shares of Nike from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Goldman Sachs Group set a $83.00 price objective on shares of Nike and gave the stock a “neutral” rating in a report on Monday, July 1st. Credit Suisse Group restated a “buy” rating and issued a $97.00 price objective on shares of Nike in a report on Friday, June 28th. Finally, Macquarie set a $89.00 price objective on shares of Nike and gave the stock a “buy” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.02.

Nike stock traded up $1.73 during mid-day trading on Wednesday, reaching $82.26. 2,582,537 shares of the company’s stock were exchanged, compared to its average volume of 6,145,842. Nike Inc has a twelve month low of $66.53 and a twelve month high of $90.00. The company has a fifty day moving average of $84.93 and a 200-day moving average of $84.59. The company has a market cap of $128.47 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.38.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). Nike had a net margin of 10.30% and a return on equity of 45.12%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. Nike’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Nike Inc will post 2.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. Nike’s payout ratio is 35.34%.

Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Featured Story: How is a buy-side analyst different from a sell-side analyst?

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.