Persium Advisors LLC Purchases Shares of 5,191 NIKE, Inc. (NYSE:NKE)

Persium Advisors LLC acquired a new stake in NIKE, Inc. (NYSE:NKE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,191 shares of the footwear maker’s stock, valued at approximately $393,000.

Other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital lifted its position in shares of NIKE by 8.8% in the 4th quarter. Wedmont Private Capital now owns 4,927 shares of the footwear maker’s stock worth $351,000 after purchasing an additional 398 shares during the period. Fragasso Financial Advisors Inc grew its stake in NIKE by 9.6% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,293 shares of the footwear maker’s stock worth $249,000 after purchasing an additional 289 shares during the period. Brookstone Capital Management raised its holdings in NIKE by 16.0% in the fourth quarter. Brookstone Capital Management now owns 105,797 shares of the footwear maker’s stock worth $8,006,000 after purchasing an additional 14,621 shares in the last quarter. Czech National Bank lifted its position in NIKE by 5.5% during the fourth quarter. Czech National Bank now owns 258,146 shares of the footwear maker’s stock valued at $19,534,000 after buying an additional 13,396 shares during the period. Finally, Graypoint LLC boosted its holdings in shares of NIKE by 25.9% during the 4th quarter. Graypoint LLC now owns 5,346 shares of the footwear maker’s stock valued at $405,000 after buying an additional 1,101 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NKE shares. Stifel Nicolaus lowered their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Jefferies Financial Group raised their price objective on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Evercore ISI dropped their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft lowered their price target on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Telsey Advisory Group downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

NIKE Price Performance

NYSE:NKE traded up $0.96 during trading hours on Monday, reaching $72.16. The stock had a trading volume of 11,087,486 shares, compared to its average volume of 11,998,229. The company has a 50 day moving average price of $76.29 and a two-hundred day moving average price of $78.25. NIKE, Inc. has a 52 week low of $70.75 and a 52 week high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The stock has a market capitalization of $106.73 billion, a PE ratio of 20.68, a PEG ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.22%. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

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.