NIKE, Inc. $NKE Shares Bought by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 126.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425 shares of the footwear maker’s stock after buying an additional 795 shares during the period. Hazlett Burt & Watson Inc.’s holdings in NIKE were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NKE. Brighton Jones LLC increased its position in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares in the last quarter. GAMMA Investing LLC increased its position in NIKE by 39.1% during the 1st quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker’s stock valued at $1,325,000 after buying an additional 5,863 shares in the last quarter. Simon Quick Advisors LLC increased its position in NIKE by 21.0% during the 1st quarter. Simon Quick Advisors LLC now owns 3,986 shares of the footwear maker’s stock valued at $253,000 after buying an additional 691 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NIKE by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 177,009 shares of the footwear maker’s stock valued at $11,236,000 after purchasing an additional 14,748 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of NIKE by 30.6% in the first quarter. Ritholtz Wealth Management now owns 8,939 shares of the footwear maker’s stock valued at $567,000 after purchasing an additional 2,095 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NKE shares. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on NIKE from $93.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, June 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of NIKE in a report on Friday. Finally, Morgan Stanley set a $72.00 price objective on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.57.

Insider Activity at NIKE

In other news, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,378 shares of company stock worth $14,794,264. Company insiders own 0.80% of the company’s stock.

NIKE Stock Performance

Shares of NKE stock opened at $67.39 on Tuesday. The company has a market capitalization of $99.61 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.38 and a beta of 1.29. The business’s 50 day moving average is $73.66 and its two-hundred day moving average is $67.33. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $84.76.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio (DPR) is 82.05%.

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.