Shell Asset Management Co. Buys 1,895 Shares of NIKE, Inc. (NYSE:NKE)

Shell Asset Management Co. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 28.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,649 shares of the footwear maker’s stock after acquiring an additional 1,895 shares during the period. Shell Asset Management Co.’s holdings in NIKE were worth $654,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $28,000. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NKE. China Renaissance began coverage on shares of NIKE in a report on Wednesday, March 19th. They set a “hold” rating for the company. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Cfra Research upgraded shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Barclays decreased their price objective on shares of NIKE from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Finally, Guggenheim restated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.30.

Insider Activity

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Up 1.2%

Shares of NKE stock opened at $63.13 on Monday. The stock has a market cap of $93.38 billion, a P/E ratio of 19.48, a PEG ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $61.07 and its two-hundred day simple moving average is $70.66.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE’s dividend payout ratio is 53.16%.

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.