VitalStone Financial LLC Grows Stock Position in NIKE, Inc. (NYSE:NKE)

VitalStone Financial LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 52.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 435 shares of the footwear maker’s stock after buying an additional 150 shares during the quarter. VitalStone Financial LLC’s holdings in NIKE were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in NIKE during the fourth quarter worth about $42,000. Richardson Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at about $119,000. SageView Advisory Group LLC grew its stake in shares of NIKE by 192.9% in the fourth quarter. SageView Advisory Group LLC now owns 9,496 shares of the footwear maker’s stock valued at $989,000 after buying an additional 6,254 shares in the last quarter. Leo Wealth LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $423,000. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $2,137,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 0.7 %

NKE opened at $81.60 on Tuesday. 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 company has a market capitalization of $123.16 billion, a PE ratio of 21.88, a P/E/G ratio of 1.96 and a beta of 1.02. The stock’s fifty day moving average is $81.86 and its 200-day moving average is $85.49. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE’s revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. On average, equities analysts predict that NIKE, Inc. will post 2.8 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 annualized dividend and a yield of 1.81%. NIKE’s dividend payout ratio (DPR) is 39.68%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Wells Fargo & Company increased their target price on NIKE from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. HSBC lowered their target price on NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, June 28th. UBS Group raised their price objective on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus lowered their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, Guggenheim lowered their price objective on NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

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.