L & S Advisors Inc lessened its stake in shares of Nike Inc (NYSE:NKE) by 36.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,874 shares of the footwear maker’s stock after selling 36,045 shares during the period. L & S Advisors Inc’s holdings in Nike were worth $5,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. FMR LLC boosted its holdings in shares of Nike by 27.0% during the 1st quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock valued at $1,943,374,000 after purchasing an additional 4,908,916 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Nike by 13.6% in the 2nd quarter. Jennison Associates LLC now owns 23,510,331 shares of the footwear maker’s stock valued at $1,973,692,000 after acquiring an additional 2,809,878 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Nike by 2.2% in the 2nd quarter. BlackRock Inc. now owns 87,672,220 shares of the footwear maker’s stock valued at $7,360,079,000 after acquiring an additional 1,883,150 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Nike by 40.8% in the 2nd quarter. Bessemer Group Inc. now owns 3,282,717 shares of the footwear maker’s stock valued at $275,583,000 after acquiring an additional 950,574 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Nike by 151.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,087,961 shares of the footwear maker’s stock valued at $91,253,000 after acquiring an additional 655,013 shares during the last quarter. 65.09% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on NKE shares. JPMorgan Chase & Co. increased their price target on shares of Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Goldman Sachs Group set a $83.00 price target on shares of Nike and gave the company a “neutral” rating in a report on Monday, July 1st. Pivotal Research set a $101.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Friday, June 28th. Canaccord Genuity reissued a “buy” rating and issued a $96.00 price objective on shares of Nike in a research note on Wednesday, June 19th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $97.00 price objective on shares of Nike in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $90.39.

In related news, Director Elizabeth J. Comstock sold 24,000 shares of Nike stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $84.84, for a total transaction of $2,036,160.00. Following the transaction, the director now directly owns 38,813 shares of the company’s stock, valued at $3,292,894.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Hilary K. Krane sold 17,903 shares of Nike stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $88.70, for a total transaction of $1,587,996.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 194,637 shares of company stock worth $16,767,237. 3.80% of the stock is currently owned by corporate insiders.

Shares of NKE stock opened at $88.48 on Friday. The firm has a market cap of $136.05 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.30 and a beta of 0.79. The company’s 50 day moving average is $83.77 and its 200 day moving average is $84.72. 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 Inc has a 52-week low of $66.53 and a 52-week high of $90.00.

Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nike had a net margin of 10.30% and a return on equity of 45.12%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Analysts anticipate that Nike Inc will post 2.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, August 30th. Nike’s payout ratio is 35.34%.

Nike Company 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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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