Dowling & Yahnke LLC Has $5.17 Million Stake in Nike Inc (NYSE:NKE)

Dowling & Yahnke LLC trimmed its holdings in Nike Inc (NYSE:NKE) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,522 shares of the footwear maker’s stock after selling 729 shares during the period. Dowling & Yahnke LLC’s holdings in Nike were worth $5,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Murphy Capital Management Inc. grew its stake in Nike by 10.2% in the second quarter. Murphy Capital Management Inc. now owns 17,500 shares of the footwear maker’s stock valued at $1,469,000 after acquiring an additional 1,625 shares during the period. Strategic Advisors LLC boosted its position in shares of Nike by 11.3% during the second quarter. Strategic Advisors LLC now owns 3,595 shares of the footwear maker’s stock worth $301,000 after buying an additional 366 shares during the period. AE Wealth Management LLC boosted its position in shares of Nike by 76.1% during the second quarter. AE Wealth Management LLC now owns 17,127 shares of the footwear maker’s stock worth $1,438,000 after buying an additional 7,404 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Nike by 2.8% during the second quarter. Flagship Harbor Advisors LLC now owns 10,696 shares of the footwear maker’s stock worth $897,000 after buying an additional 295 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nike by 890.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,348 shares of the footwear maker’s stock worth $365,000 after buying an additional 3,909 shares during the period. 65.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NKE opened at $83.12 on Friday. The business has a 50-day simple moving average of $86.04. Nike Inc has a fifty-two week low of $66.53 and a fifty-two week high of $90.00. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $137.06 billion, a PE ratio of 33.38, a PEG ratio of 2.31 and a beta of 0.78.

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

NKE has been the subject of several recent research reports. Goldman Sachs Group set a $83.00 price objective on Nike and gave the stock a “neutral” rating in a research report on Monday, July 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $96.00 price objective on shares of Nike in a research report on Wednesday, June 19th. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating and set a $95.00 price objective for the company in a research report on Monday, May 27th. JPMorgan Chase & Co. upped their price objective on Nike from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Pivotal Research set a $101.00 price objective on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company. Nike currently has a consensus rating of “Buy” and an average target price of $89.86.

In other Nike news, insider Elliott Hill sold 3,228 shares of Nike stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.07, for a total value of $281,061.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Hilary K. Krane sold 17,903 shares of Nike stock in a transaction on Friday, July 12th. The stock was sold at an average price of $88.70, for a total transaction of $1,587,996.10. The disclosure for this sale can be found here. Insiders sold 84,637 shares of company stock worth $7,388,637 over the last quarter. Insiders own 3.80% of the company’s stock.

Nike 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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