B&D White Capital Company LLC Makes New Investment in NIKE, Inc. (NYSE:NKE)

B&D White Capital Company LLC purchased a new position in NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,600 shares of the footwear maker’s stock, valued at approximately $499,000.

Other hedge funds also recently modified their holdings of the company. South Dakota Investment Council increased its position in shares of NIKE by 11.3% during the fourth quarter. South Dakota Investment Council now owns 69,953 shares of the footwear maker’s stock worth $5,293,000 after acquiring an additional 7,114 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in NIKE in the 4th quarter worth $496,000. Delta Financial Group Inc. bought a new position in NIKE during the 4th quarter worth about $567,000. Ascent Wealth Partners LLC raised its stake in shares of NIKE by 10.3% in the 4th quarter. Ascent Wealth Partners LLC now owns 4,436 shares of the footwear maker’s stock valued at $336,000 after purchasing an additional 415 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC raised its stake in shares of NIKE by 3.4% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 6,603 shares of the footwear maker’s stock valued at $500,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $76.50 on Monday. The firm has a market cap of $113.15 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. The business’s 50 day moving average is $74.31 and its 200-day moving average is $78.16. 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 $68.62 and a 1-year high of $106.62.

NIKE (NYSE:NKE) last posted 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Buying and Selling at NIKE

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. 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 report on Friday, December 20th. Finally, DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.62.

NIKE 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.