NIKE, Inc. (NYSE:NKE) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 18.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 670,616 shares of the footwear maker’s stock after acquiring an additional 104,786 shares during the period. Stonegate Investment Group LLC’s holdings in NIKE were worth $50,746,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NKE. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the third quarter worth $30,000. VitalStone Financial LLC raised its position in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 150 shares during the period. Dunhill Financial LLC raised its position in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after acquiring an additional 169 shares during the period. Ecofi Investissements SA acquired a new position in NIKE during the second quarter worth $49,000. Finally, Riverview Trust Co acquired a new position in NIKE during the third quarter worth $52,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on NKE. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. Morgan Stanley reduced their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. UBS Group reiterated a “neutral” rating and issued a $73.00 target price on shares of NIKE in a research report on Thursday, December 26th. Bank of America reduced their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

NIKE Trading Up 2.9 %

NYSE NKE opened at $75.69 on Tuesday. The firm has a 50 day simple moving average of $75.45 and a 200-day simple moving average of $77.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43. The firm has a market cap of $111.96 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.36 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.11%. NIKE’s dividend payout ratio (DPR) is 49.38%.

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.