Nicolet Bankshares Inc. Raises Stake in NIKE, Inc. (NYSE:NKE)

Nicolet Bankshares Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,695 shares of the footwear maker’s stock after purchasing an additional 117 shares during the period. Nicolet Bankshares Inc.’s holdings in NIKE were worth $1,189,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NKE. Equitable Holdings Inc. boosted its holdings in shares of NIKE by 109.8% in the second quarter. Equitable Holdings Inc. now owns 38,941 shares of the footwear maker’s stock valued at $6,016,000 after acquiring an additional 20,382 shares in the last quarter. Moseley Investment Management Inc. boosted its holdings in shares of NIKE by 38.7% in the second quarter. Moseley Investment Management Inc. now owns 3,105 shares of the footwear maker’s stock valued at $480,000 after acquiring an additional 867 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of NIKE by 16.1% in the second quarter. Deutsche Bank AG now owns 4,271,593 shares of the footwear maker’s stock valued at $659,919,000 after acquiring an additional 590,919 shares in the last quarter. NorthCoast Asset Management LLC boosted its holdings in shares of NIKE by 0.5% in the second quarter. NorthCoast Asset Management LLC now owns 16,431 shares of the footwear maker’s stock valued at $2,539,000 after acquiring an additional 74 shares in the last quarter. Finally, Hayden Royal LLC purchased a new stake in shares of NIKE in the second quarter valued at about $220,000. 64.45% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on NKE shares. Bank of America lifted their target price on shares of NIKE from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Friday, June 25th. Pivotal Research lifted their target price on shares of NIKE from $167.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 25th. BMO Capital Markets raised their price objective on shares of NIKE from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Friday, June 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of NIKE from $179.00 to $171.00 and set a “buy” rating for the company in a research note on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $213.00 price objective on shares of NIKE in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $173.03.

NKE traded down $2.09 during trading on Monday, hitting $154.33. 215,393 shares of the company’s stock were exchanged, compared to its average volume of 6,258,260. The company has a current ratio of 2.72, a quick ratio of 2.01 and a debt-to-equity ratio of 0.74. NIKE, Inc. has a 1 year low of $111.74 and a 1 year high of $174.38. The stock has a 50 day moving average price of $165.57 and a 200 day moving average price of $147.08. The firm has a market cap of $244.12 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87.

NIKE (NYSE:NKE) last released its quarterly earnings data on Wednesday, June 23rd. The footwear maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.42. NIKE had a net margin of 12.86% and a return on equity of 51.41%. The company had revenue of $12.30 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the firm earned ($0.51) earnings per share. NIKE’s revenue for the quarter was up 94.8% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 4.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Monday, August 30th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, August 27th. This represents a $1.10 annualized dividend and a yield of 0.71%. NIKE’s dividend payout ratio is currently 30.90%.

In other news, Chairman Mark G. Parker sold 140,000 shares of the company’s stock in a transaction on Thursday, July 8th. The shares were sold at an average price of $160.16, for a total value of $22,422,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Hilary K. Krane sold 21,500 shares of the company’s stock in a transaction on Friday, June 25th. The shares were sold at an average price of $153.16, for a total transaction of $3,292,940.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 379,671 shares of company stock valued at $60,634,427. 3.70% of the stock is owned by insiders.

NIKE Company Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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