NIKE, Inc. (NYSE:NKE) Stake Lifted by Intellectus Partners LLC

Intellectus Partners LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,070 shares of the footwear maker’s stock after acquiring an additional 605 shares during the quarter. Intellectus Partners LLC’s holdings in NIKE were worth $835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Caitlin John LLC boosted its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of NIKE by 10.6% in the 4th quarter. Financial Advocates Investment Management now owns 19,673 shares of the footwear maker’s stock worth $1,489,000 after purchasing an additional 1,886 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of NIKE by 15.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,329 shares of the footwear maker’s stock worth $248,000 after purchasing an additional 456 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of NIKE by 14.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 2,461 shares of the footwear maker’s stock worth $186,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of NIKE in a report on Friday, May 23rd. Citigroup reduced their price objective on NIKE from $72.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. BMO Capital Markets cut their target price on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Bank of America reduced their target price on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $80.26.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were acquired at an average price 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 $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

NKE opened at $62.82 on Friday. The stock has a fifty day moving average price of $58.86 and a 200 day moving average price of $69.22. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The stock has a market cap of $92.92 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.52 and a beta of 1.21.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Analysts forecast 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. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

NIKE Company 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.