Northstar Asset Management LLC decreased its stake in shares of Nike Inc (NYSE:NKE) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,878 shares of the footwear maker’s stock after selling 300 shares during the period. Northstar Asset Management LLC’s holdings in Nike were worth $745,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Nike during the 1st quarter worth about $25,000. Shamrock Asset Management LLC bought a new stake in shares of Nike during the 1st quarter worth about $25,000. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Nike during the 1st quarter worth about $25,000. Thor Advisors LLC bought a new stake in shares of Nike during the 1st quarter worth about $26,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Nike during the 1st quarter worth about $30,000. 65.61% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on NKE shares. JPMorgan Chase & Co. assumed coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 target price for the company. 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. Macquarie set a $89.00 price objective on shares of Nike and gave the stock a “buy” rating in a research note on Friday, June 28th. Bank of America lifted their price objective on shares of CarMax from $95.00 to $112.00 in a research note on Monday, June 24th. Finally, Citigroup assumed coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $89.86.

In related news, Director Elizabeth J. Comstock sold 24,000 shares of the company’s 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 completion of the transaction, the director now directly owns 38,813 shares in the company, valued at approximately $3,292,894.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elliott Hill sold 34,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $88.34, for a total transaction of $3,012,394.00. The disclosure for this sale can be found here. Insiders sold a total of 76,003 shares of company stock valued at $6,636,550 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Shares of NYSE:NKE opened at $87.54 on Friday. The firm has a 50 day moving average price of $85.61. The firm has a market cap of $137.59 billion, a PE ratio of 35.16, a PEG ratio of 2.32 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 Inc has a 12 month low of $66.53 and a 12 month high of $90.00.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 31st. Nike’s payout ratio is presently 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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