Magnus Financial Group LLC Boosts Holdings in NIKE, Inc. (NYSE:NKE)

Magnus Financial Group LLC raised its position in NIKE, Inc. (NYSE:NKE) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,870 shares of the footwear maker’s stock after acquiring an additional 690 shares during the period. Magnus Financial Group LLC’s holdings in NIKE were worth $1,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitlin John LLC boosted its position in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in NIKE in the fourth quarter worth about $28,000. Roxbury Financial LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA grew its stake 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 worth $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in shares of NIKE during the fourth quarter valued at about $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NKE. Stifel Nicolaus lowered their target price on shares of NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group decreased their price target on shares of NIKE from $88.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Telsey Advisory Group reduced their target price on NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a research note on Tuesday, May 6th. Finally, Williams Trading dropped their price target on NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.26.

NIKE Price Performance

Shares of NIKE stock opened at $62.82 on Friday. The firm has a market cap of $92.92 billion, a PE ratio of 19.39, a P/E/G ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a twelve month low of $52.28 and a twelve month 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 business has a 50-day moving average price of $58.86 and a 200 day moving average price of $69.22.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.55%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.