NIKE, Inc. (NYSE:NKE) Stake Increased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314 shares of the footwear maker’s stock after acquiring an additional 510 shares during the period. Foundations Investment Advisors LLC’s holdings in NIKE were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NKE. Range Financial Group LLC bought a new position in shares of NIKE during the fourth quarter worth about $642,000. Cacti Asset Management LLC bought a new position in NIKE during the 4th quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd acquired a new position in shares of NIKE in the 4th quarter worth approximately $5,384,000. FNY Investment Advisers LLC increased its holdings in shares of NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock valued at $654,000 after acquiring an additional 8,504 shares during the last quarter. Finally, Eagle Rock Investment Company LLC raised its position in shares of NIKE by 49.2% during the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock valued at $4,589,000 after acquiring an additional 19,991 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The stock was acquired 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 of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NIKE stock opened at $78.28 on Friday. The company has a market cap of $115.79 billion, a P/E ratio of 24.16, a PEG ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $75.55 and a two-hundred day moving average price of $77.95.

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

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, December 2nd. NIKE’s payout ratio is 49.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Telsey Advisory Group lowered 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 note on Friday, December 20th. 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. Barclays reduced their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Evercore ISI lowered their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

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.