Kohmann Bosshard Financial Services LLC Acquires Shares of 2,846 NIKE, Inc. $NKE
by Renee Jackson · The Cerbat GemKohmann Bosshard Financial Services LLC purchased a new stake in NIKE, Inc. (NYSE:NKE – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,846 shares of the footwear maker’s stock, valued at approximately $202,000.
Several other large investors have also added to or reduced their stakes in NKE. Journey Strategic Wealth LLC increased its position in shares of NIKE by 5.6% in the second quarter. Journey Strategic Wealth LLC now owns 5,062 shares of the footwear maker’s stock worth $360,000 after purchasing an additional 267 shares during the last quarter. CFC Planning Co LLC raised its position in NIKE by 15.4% during the second quarter. CFC Planning Co LLC now owns 70,551 shares of the footwear maker’s stock valued at $5,012,000 after purchasing an additional 9,429 shares in the last quarter. Ames National Corp lifted its stake in NIKE by 3.2% during the second quarter. Ames National Corp now owns 6,528 shares of the footwear maker’s stock worth $464,000 after purchasing an additional 200 shares during the last quarter. Wealth Advisors of Iowa LLC purchased a new position in shares of NIKE in the 2nd quarter worth about $207,000. Finally, Swiss National Bank lifted its position in NIKE by 7.0% in the 2nd quarter. Swiss National Bank now owns 3,566,300 shares of the footwear maker’s stock worth $253,350,000 after buying an additional 234,600 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.
Insider Buying and Selling at NIKE
In related news, Director Jorgen Vig Knudstorp acquired 16,150 shares of NIKE stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the completion of the transaction, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the transaction, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. The trade was a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a research report on Friday, October 10th. Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. BTIG Research assumed coverage on NIKE in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 price target on the stock. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $78.00 target price on shares of NIKE in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.24.
Read Our Latest Stock Analysis on NIKE
NIKE Stock Up 2.1%
NIKE stock opened at $62.72 on Friday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The stock has a fifty day moving average of $67.36 and a 200 day moving average of $68.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The stock has a market cap of $92.71 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29.
NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.
NIKE Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a dividend of $0.41 per share. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.64 annualized dividend and a yield of 2.6%. NIKE’s dividend payout ratio 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.
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