NIKE, Inc. (NYSE:NKE) Shares Purchased by Plancorp LLC

Plancorp LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,616 shares of the footwear maker’s stock after acquiring an additional 1,148 shares during the quarter. Plancorp LLC’s holdings in NIKE were worth $728,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in shares of NIKE by 44.8% in the 4th quarter. Mizuho Securities USA LLC now owns 112,842 shares of the footwear maker’s stock valued at $8,539,000 after purchasing an additional 34,934 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of NIKE in the 4th quarter valued at $5,643,000. Lee Danner & Bass Inc. boosted its holdings in shares of NIKE by 39.2% in the 4th quarter. Lee Danner & Bass Inc. now owns 64,326 shares of the footwear maker’s stock valued at $4,868,000 after purchasing an additional 18,099 shares during the last quarter. Holderness Investments Co. boosted its holdings in shares of NIKE by 2.5% in the 4th quarter. Holderness Investments Co. now owns 17,185 shares of the footwear maker’s stock valued at $1,300,000 after purchasing an additional 420 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in shares of NIKE by 6.1% in the 4th quarter. Berkeley Capital Partners LLC now owns 16,372 shares of the footwear maker’s stock valued at $1,239,000 after purchasing an additional 936 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $68.02 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a fifty-two week low of $65.17 and a fifty-two week high of $98.04. The firm has a 50-day simple moving average of $74.70 and a 200 day simple moving average of $77.46. The company has a market cap of $100.60 billion, a PE ratio of 20.99, a P/E/G ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 49.38%.

Analysts Set New Price Targets

Several research firms recently weighed in on NKE. China Renaissance initiated coverage on shares of NIKE in a report on Wednesday. They set a “hold” rating on the stock. BMO Capital Markets dropped their price target on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Stifel Nicolaus dropped their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.38.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.