Trading Report: Today, 504 Shares of Nike Inc. (NKE) are sold by Raymond James Trust N.A.

Today, 504 Shares of Nike Inc. (NKE) are sold by Raymond James Trust N.A.

Raymond James Trust N.A. reduced its position in Nike Inc. (NYSE:NKE) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,001 shares of the footwear maker’s stock after selling 504 shares during the period. Raymond James Trust N.A.’s holdings in Nike were worth $2,422,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Springbok Capital Management LLC increased its position in shares of Nike by 457.3% in the first quarter. Springbok Capital Management LLC now owns 2,680 shares of the footwear maker’s stock worth $165,000 after buying an additional 3,430 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Nike by 81.6% in the second quarter. BNP Paribas Arbitrage SA now owns 824,490 shares of the footwear maker’s stock worth $45,512,000 after buying an additional 370,355 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Nike by 0.4% in the second quarter. Fulton Bank N.A. now owns 72,569 shares of the footwear maker’s stock worth $4,006,000 after buying an additional 271 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of Nike by 3.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 248,806 shares of the footwear maker’s stock worth $13,734,000 after buying an additional 7,184 shares in the last quarter. Finally, New England Research & Management Inc. increased its position in shares of Nike by 15.5% in the second quarter. New England Research & Management Inc. now owns 25,177 shares of the footwear maker’s stock worth $1,390,000 after buying an additional 3,375 shares in the last quarter. Institutional investors and hedge funds own 61.15% of the company’s stock.

Nike Inc. (NYSE:NKE) traded down 0.99% during trading on Monday, reaching $51.01. 8,602,118 shares of the company’s stock traded hands. Nike Inc. has a one year low of $49.01 and a one year high of $68.19. The firm’s 50 day moving average price is $51.15 and its 200-day moving average price is $54.58. The stock has a market cap of $84.95 billion, a P/E ratio of 23.02 and a beta of 0.48.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, beating the consensus estimate of $0.56 by $0.17. Nike had a net margin of 11.60% and a return on equity of 30.56%. The firm earned $9.06 billion during the quarter. During the same quarter last year, the company earned $1.34 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Nike Inc. will post $2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 5th will be given a $0.18 dividend. This is an increase from Nike’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.41%. Nike’s dividend payout ratio is 28.83%.

NKE has been the topic of a number of research analyst reports. Vetr downgraded shares of Nike from a “hold” rating to a “sell” rating and set a $53.10 target price on the stock. in a research note on Tuesday, August 2nd. Deutsche Bank AG restated a “buy” rating on shares of Nike in a research note on Wednesday, August 10th. Brean Capital reaffirmed a “buy” rating and issued a $62.00 price target on shares of Nike in a research report on Sunday, August 21st. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Finally, B. Riley cut shares of Nike from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Friday, August 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Nike presently has an average rating of “Buy” and an average price target of $63.43.

In other news, Director John C. Lechleiter acquired 1,000 shares of the company’s stock in a transaction on Friday, September 30th. The shares were bought at an average cost of $52.72 per share, with a total value of $52,720.00. Following the purchase, the director now owns 27,560 shares of the company’s stock, valued at approximately $1,452,963.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total transaction of $7,467,000.00. Following the completion of the transaction, the chairman now directly owns 1,985,225 shares in the company, valued at $98,824,500.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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