Financial Advisors LLC Invests $205,000 in NIKE, Inc. (NYSE:NKE)

Financial Advisors LLC bought a new stake in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,888 shares of the footwear maker’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new stake in NIKE during the 4th quarter worth about $29,000. Raleigh Capital Management Inc. raised its stake in shares of NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. Stephens Consulting LLC lifted its holdings in shares of NIKE by 160.0% in the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after buying an additional 240 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of NIKE in the third quarter worth about $37,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE:NKE traded up $0.18 during mid-day trading on Friday, reaching $94.12. The stock had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The business has a 50 day simple moving average of $96.96 and a 200 day simple moving average of $103.34. The firm has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. On average, analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is currently 43.53%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NKE shares. Citigroup cut their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Robert W. Baird reduced their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company lowered their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. The Goldman Sachs Group reduced their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, HSBC lowered their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

About NIKE

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.